REPT BATTERO (00666) first shows annual profitability, dual-wheel drive strategy opens up growth in a strong cycle.

On February 2, REPT BATTERO (00666) released its first profit announcement since its listing. The announcement showed that the company expects to achieve a net profit of 630 million to 730 million yuan by the end of the fiscal year ending December 31, 2025, compared to a net loss of 1.353 billion yuan in the same period in 2024, successfully turning losses into profits. The breakthrough in profitability is attributed to two key factors working together: on one hand, the continuous increase in the shipment of power and energy storage battery products, effectively driving steady revenue growth; on the other hand, the improvement in production capacity utilization and cost reduction measures have led to a significant improvement in gross profit. The positive cycle of "quantity and profit rising" formed by these two driving factors marks the company's business officially leaving the incubation period and entering a new stage of high-quality profitability. Due to the good news of profitability, the company's stock price reacted positively on February 2, rising to 12.99 Hong Kong dollars at one point, with a maximum increase of 12.6%. The recognition of the company's improved fundamentals by the capital market is evident. In the field of power batteries, REPT BATTERO's products cover a variety of scenarios such as passenger cars, commercial vehicles, and construction machinery, establishing long-term stable cooperation with leading domestic and international automotive companies. In the first half of 2025, the company's power battery shipments reached 13.53GWh, a year-on-year increase of 78.5%, ranking seventh in the installed capacity of lithium iron phosphate power batteries in China. According to Green Heavy Duty Truck statistics, in 2025, the company's new energy heavy-duty truck battery shipments increased by 278.74% year-on-year, with a market share rising to 8.14%, ranking second nationwide. The customized products and Chensheng series batteries launched by the company to meet the core needs of the heavy-duty truck industry have effectively addressed industry pain points and further consolidated its market position. As a leader in the energy storage field, the company is driven by large battery cell technology, with products covering centralized power storage, industrial and commercial storage, and household storage in all scenarios, and passing multiple authoritative certifications such as China's GB, the US UL, and the international IEC. According to the ICC Xinlu Energy Storage Database statistics, in the first three quarters of 2025, the energy storage battery shipments exceeded 30GWh, ranking among the top globally, with household energy storage cell shipments ranking first globally. The rapid growth in shipments is due to the dual support of technological innovation and production layout. REPT BATTERO has established three major research and development centers in Shanghai, Wenzhou, and Jiashan, with 1072 R&D personnel as of June 30, 2025, and has been awarded 2977 patents. The company's 54Ah battery cell in the power battery field has become a benchmark in the hybrid market, and the 4C-6C quick-charging battery cell is steadily advancing. The company's 392Ah battery cell and matching Powtrix 6.26MWh system in the energy storage field have passed extreme safety tests, with a cycle life of over 10,000 cycles. It is reported that the total shipment volume of the "Chinding" series has exceeded 20GWh. As a core new energy asset under Qingshan Group, REPT BATTERO is backed by the industrial resources of a global stainless steel and nickel metal giant. Qingshan Industry has extended its industrial chain to core new energy resources such as lithium and cobalt, providing the company with long-term stable and cost-competitive raw material supply. This unique industrial chain synergy serves as a "moat," giving it stronger bargaining power and risk hedging capabilities during raw material price fluctuations, and becoming a key support for cost reduction and efficiency improvement. Currently, with the acceleration of global energy transition and the continued increase in the penetration rate of new energy vehicles, coupled with support from various countries' new energy storage policies, industry demand is robust. Based on its existing technological and industrial chain advantages, REPT BATTERO will focus on core technology iteration in the future, promote the research and development of high-capacity energy storage battery cells and the expansion of new battery applications; deepen the globalization of the industrial chain, optimize cost structures, and diversify geopolitical risks; meanwhile, in the field of circular economy, seize the opportunity through strategic cooperation, with growth potential worth looking forward to. In the context of the continued advancement of the "dual carbon" goal, turning losses into profits is an important milestone in the development of REPT BATTERO, indicating its long-term growth potential in the new energy sector. With technological barriers, synergistic advantages of the industrial chain, and global deployment, the company is expected to continue to benefit from industry dividends, further expand market share, and create greater value for investors and the industry.