REPT BATTERO Energy Co., Ltd. reported strong interim results for the six months ended 30 June 2026, reversing last year’s loss and underscoring rapid expansion in both energy-storage and electric-vehicle (EV) batteries.
Financial Performance • Revenue surged 57.20% year on year to RMB 14.92 billion, driven by broad-based growth across EV and energy-storage system (ESS) batteries. • Gross profit more than doubled to RMB 1.98 billion, lifting the gross margin to 13.3% from 8.7% a year earlier. • The company recorded a net profit of RMB 0.78 billion, a sharp turnaround from the RMB 0.06 billion loss in H1 2025. • Basic earnings per share reached RMB 0.30 versus a loss per share of RMB 0.03 in the prior-year period.
Segment Highlights • ESS battery revenue climbed 81.50% to RMB 9.23 billion on shipment growth of 43.9% to 27.2 GWh; the company ranked sixth globally in total ESS cell shipments, first in residential ESS, and second in commercial & industrial ESS, according to SNE Research. • EV battery revenue rose 29.80% to RMB 5.23 billion with shipments up 14.8% to 15.5 GWh; REPT BATTERO ranked sixth in China by EV battery installations. • Other businesses, primarily waste sales and ancillary services, delivered revenue of RMB 0.46 billion, up 21.70%.
Operations and Capacity • Total battery shipments reached 42.7 GWh, a 31.8% increase year on year. • Designed production capacity expanded to 100 GWh by period-end. • Total assets grew 22.80% from year-end 2025 to RMB 57.05 billion; net assets advanced 10.10% to RMB 13.06 billion.
Research & Development • R&D spending rose 17.30% to RMB 0.42 billion, supporting launches such as the 392 Ah “WenDing” cell and development of 588 Ah long-duration cells, hybrid solid-liquid batteries, and sodium-ion solutions. • The patent portfolio reached 3,692 granted patents, including 371 inventions.
Cash Flow and Balance Sheet • Operating cash inflow increased to RMB 3.46 billion (H1 2025: RMB 0.98 billion). • Capital expenditure totaled RMB 3.30 billion, mainly for new capacity. • Cash and cash equivalents stood at RMB 5.68 billion; restricted cash was RMB 8.80 billion. • Interest-bearing borrowings rose to RMB 12.42 billion, with a year-end gearing ratio of 77.1% versus 74.5% at 2025 year-end.
Capital-Market Activity • Net proceeds of approximately HKD 801.00 million were raised from a November 2025 share placing; 87% has been allocated to capacity expansion and working capital. • As of 30 June 2026, HKD 99.74 million of these proceeds remains unutilised, earmarked for further production build-out by year-end 2026. • No interim dividend was declared.
Outlook and Strategy REPT BATTERO is prioritising global capacity expansion— including its 8 GWh Indonesian plant— while deepening technology investment in high-capacity energy-storage cells, hybrid solid-liquid batteries, and solid-state research. Management highlights synergy with Tsingshan Group for upstream materials and plans to extend overseas subsidiaries in Australia, Japan, and the UK to support international growth.
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