HK Stock Market Move | REPT BATTERO(00666) rose nearly 7% again, and several leading electric core manufacturers have continued to operate at full capacity. The company's shipments of energy storage batteries have significantly increased.

REPT BATTERO (00666) rose nearly 7%, as of press time, up 4.69% to 13.62 Hong Kong dollars, with a turnover of 1.59 billion Hong Kong dollars. On the news front, a recent survey by Shanghai Securities News reporters found that demand for energy storage battery core orders from companies such as Eve Energy Co.,Ltd., Sunwoda Electronic, REPT BATTERO, and Zhejiang Narada Power Source surged, with production lines operating at full capacity. In the first half of the year, the sales volume of energy storage batteries and power batteries of REPT BATTERO were higher than the same period last year, with a shipment volume of power batteries of 13.53GWh, a year-on-year increase of 78.5%; the shipment volume of energy storage batteries was 18.87GWh, a year-on-year increase of 119.3%, and the proportion of revenue from energy storage batteries has reached 58.4%, becoming the company's largest source of income. CITIC SEC released a research report stating that the recent market attention on the energy storage industry is high, driven by overseas demand prosperity, price rebound, realization of turning point signals, and the "doubling plan" for new energy storage to provide continuous support for installed capacity. In the medium term, under the acceleration of the electricity reform process, energy storage is transitioning from a cost item to a profit item, and the continuous improvement of capacity compensation mechanisms further provides a profit "safety cushion" for energy storage. In the long term, the construction of capacity market mechanisms will effectively plan the installation of various market participants including energy storage, clarify profit expectations, and may become the next focus of the electricity reform. The bank believes that the capacity market as an effective supplement to the electricity trading system should be prepared for the future.