REPT BATTERO announced interim results for the six months ended 30 June 2026, reporting a significant turnaround to profitability driven by rapid expansion in energy-storage shipments and improved operating leverage.
Financial highlights
• Revenue reached RMB 14.92 billion, up 57.20% year-on-year. Energy-storage system (ESS) products contributed 61.9% of total revenue and rose 81.50% to RMB 9.23 billion. Electric-vehicle (EV) battery sales increased 29.80% to RMB 5.23 billion, representing 35.0% of revenue.
• Gross profit grew 138.80% to RMB 1.98 billion, lifting the gross margin to 13.3% from 8.7% a year earlier.
• Net profit attributable to shareholders reached RMB 703.85 million versus a net loss of RMB 65.32 million in the same period of 2025. Basic earnings per share were RMB 0.30 (H1 2025: loss per share RMB 0.03).
• Operating cash inflow rose to RMB 3.46 billion (H1 2025: RMB 0.98 billion) on stronger earnings and working-capital management.
• Total assets stood at RMB 57.05 billion, up 22.80% from end-2025; net assets rose 10.10% to RMB 13.06 billion. The gearing ratio increased to 77.1% (31 Dec 2025: 74.5%).
Operational metrics
• Total lithium-battery shipments climbed 31.80% year-on-year to 42.7 GWh. ESS shipments surged 43.90% to 27.2 GWh, while EV battery shipments advanced 14.80% to 15.5 GWh.
• Designed production capacity reached 100 GWh by end-June 2026.
• According to SNE Research, the company ranked sixth globally in ESS battery shipments during H1 2026 and first in the household ESS segment. In China, it ranked sixth in installed EV battery capacity.
Balance-sheet and liquidity
• Cash and cash equivalents totaled RMB 5.68 billion. Interest-bearing borrowings were RMB 12.42 billion, of which RMB 4.59 billion mature within one year.
• Capital expenditure amounted to RMB 3.30 billion, mainly for plant and equipment expansion. Outstanding capital commitments were RMB 2.94 billion.
• Unutilized net proceeds from the December 2023 global offering stood at HKD 820.94 million, earmarked primarily for capacity expansion. From the November 2025 placing, HKD 99.74 million remains to be deployed for production facilities.
R&D and product development
• The Group maintained 1,588 R&D staff and held 3,692 granted patents at period-end. Product launches included the WenDing® 392 Ah cell and Powtrix® 6.26 MWh container system, targeting grid-side and long-duration storage.
• In EV batteries, hybrid solid-liquid manganese-based cells achieved ≥220 Wh/kg energy density, while commercial-vehicle packs such as the S350, S455, S600 and D800 Pro focused on weight reduction and safety.
Outlook and strategy
Management highlighted continued investment in high-capacity cell technology, global capacity build-out—especially in Indonesia—and disciplined capital allocation. No interim dividend was declared for the period.