Energy storage is the origin of the word element. CALB (03931) and strategic investment GUOXIA TECH (02655) both saw their performance in 2025 exceed expectations, achieving double success in performance investment!

Token -> Calculation Power -> Data Center -> Electric Power -> Energy Storage. In the dual wave of global energy transformation and the explosion of AI computing power, the new energy industry is undergoing a profound paradigm shift. This Friday, the global leading new energy technology company CALB (03931) officially released its annual performance announcement for 2025. The data is impressive, not only as proof of the exponential surge in energy storage demand in the era of AI computing power, but also as a "double harvest of performance and investment" answer, showcasing its deep industry chain layout at home and abroad to the world. It is worth noting that just a week before CALB released good news, GUOXIA TECH (02655), the Hong Kong stock AI energy storage leader in which it has a strategic investment, also presented an amazing performance report for 2025. Both companies exceeded expectations in their performance, not only in terms of numbers but also in the deep integration of CALB's "power + energy storage" dual-drive strategy, deeply combining "AI + energy" and creating a perfect closed loop of hard-core competitive logic through global industrial chain layout and globalization operation. China's daily Token call volume exceeds 140 trillion The People's Daily reporter learned from the National Bureau of Statistics that in early 2024, China's daily Token call volume was 100 billion; by the end of 2025, it had soared to 100 trillion; in March of this year, it exceeded 140 trillion, an increase of over a thousand times in two years. Token is the smallest information unit for processing information in large models, with the characteristics of being measurable, pricable, and tradable in the intelligent age. Currently, a new value system is rapidly evolving around Token's call, distribution, and settlement, becoming an important path for the commercialization of the artificial intelligence industry. The significant growth in China's daily Token call volume also indicates that as the market-oriented allocation reform of data elements progresses, a supply system of high-quality data for artificial intelligence is taking shape, with a virtuous cycle of "data supply-value release" beginning to emerge. CALB: Revenue and profit surge, full industry chain layout leverages power According to the announcement, CALB achieved total revenue of RMB 44 billion in 2025, an increase of approximately 60% year-on-year; annual profit reached RMB 2.095 billion, a significant increase of over 140% year-on-year. Behind this data is the company's explosive performance in the two core tracks of power batteries and energy storage systems. 1. Power batteries: From mid-to-high-end to global advancement CALB's market share in the passenger car sector reached a historic high. Top customer matrix: The company has successfully entered the supply chains of top international car manufacturers such as Toyota, Volkswagen, and Hyundai. Technological leadership: The monthly sales volume of the 800V high-voltage platform 5C supercharging battery exceeded 20,000 sets; the "boundaryless" all-solid-state battery (450Wh/kg) has completed trial production verification, leading the industry in performance. Emerging tracks: Accelerating commercialization in low-altitude economy, Siasun Robot & Automation, and other areas, with a multiple-fold increase in commercial vehicle shipments. 2. Energy storage business: From "supporting role" to "core engine" 2025 was seen as a turning point for CALB's energy storage business. The company's energy storage shipments increased significantly, and overseas installed capacity continued to rise. Till series: The 588Ah and 684Ah large battery cells have redefined industry standards, achieving zero attenuation in 3 years and over 15,000 cycles. Global capacity cluster: Currently, a global industry cluster covering East China, South China, West China, North China, Central China, Europe, and ASEAN has been formed, laying a solid foundation for global delivery. Energy storage as Token: CALB strategically invests in GUOXIA TECH, ushering in a new era of "computing-power synergy" In CALB's full industry chain blueprint, the strategic investment in GUOXIA TECH is undoubtedly the most visionary. As the global leader in AI energy storage, GUOXIA TECH achieved revenue of RMB 2.057 billion in 2025, a year-on-year growth of 100.6%, and a net profit of RMB 103 million, a year-on-year growth of 109.5%, showing a remarkable explosive growth. 1. Industry-leading development strategy of "Energy Storage as Token" GUOXIA TECH pioneered the development strategy of "Energy Storage as Token," deeply revealing the logic of power and calculation in the AI era. The powerhouse of calculation power: In AI model training and reasoning, the stability of power supply is the physical basis for the production of "Token." GUOXIA TECH's "AI+ energy storage" strategy upgrades energy storage systems to "intelligent power hubs of AI Token factories." Technological strike in lowering dimensions: Using vertical large language models and AI algorithms, GUOXIA TECH has upgraded energy storage safety management from passive monitoring to active prediction, significantly improving energy efficiency. 2. Synergies in investment vision As a long-term strategic supporter behind GUOXIA TECH, CALB and GUOXIA TECH have formed deep complementarity in battery cell supply, supply chain coordination, and market expansion. In 2025, GUOXIA TECH's operating cash flow increased nearly 40 times year-on-year, with a significant increase in gross profit margin, directly increasing CALB's investment returns and strategically locking in the most potential frontier highland of AI+ new energy. Double harvest of performance and investment: Long-termism in deep industry chain cultivation CALB's phenomenal performance in 2025 is not accidental; it is the result of its persistent long-term industry chain layout. 1. Deep R&D layout: With a total of 6,138 patents covering the entire chain from battery materials, structures to system integration, BMS, and battery recycling. 2. Globalized supply chain: Through strategic investments and deep cooperation, such as CALB's strategic investment in GUOXIA TECH, CALB has built a highly resilient supply system, achieving a leap in profitability despite fluctuations in raw material prices and geopolitical tensions. 3. Forward-looking orientation of AI+ energy: CALB is guided by the "AI+ energy" strategy, establishing a positive cycle of new research and development, multiple applications, large-scale operations, and refined management, which aligns perfectly with GUOXIA TECH's concept of "Energy Storage as Token," jointly driving the industry towards intelligence and decarbonization. The bountiful performance of 2025 not only proves CALB's solid strength in the field of new energy but also through the explosive growth in performance of GUOXIA TECH, demonstrates its professional vision in exploring industry chain value and forward-looking investments. Calculation power sets the extreme, energy storage becomes divine, "Energy Storage as Token" is not just a slogan but also a key to the core of AI energy storage. With the output of Tokens in China in March 2026 hitting a global historical high, the insatiable appetite of calculation power for electricity has spiraled out of control, marking the explosive rise of the energy storage industry from "auxiliary configuration" to the "core heart" of calculation power. At the crest of this new era, CALB, with its surging momentum in power and energy storage, is completing the nuclear fission from a single battery manufacturer to a global energy technology leader; while its strategic investment in GUOXIA TECH, with the vertical strike of "AI+ energy storage," becomes the sharpest edge supporting this gigantic energy ecosystem. The deep loop of CALB's full industry chain, coupled with GUOXIA TECH's explosive strength in the "Energy Storage as Token" strategy, has built a competitive barrier that is difficult for the capital market to overcome. The double crowning of performance and investment in 2025 is just the magnificent prelude of these two Hong Kong stock AI energy storage leaders dominating the global energy calculation power market, belonging to CALB and GUOXIA TECH's golden age of AI energy storage, which is just beginning.