REPT Battery (00666) expects a net profit of approximately 700 million to 850 million RMB in the mid-term, turning around from a loss to a profit year on year.

REPT Battery (00666) announcement, as of the six months ended June 30, 2026, the group expects to achieve revenue of approximately RMB 14.5 billion to RMB 15.2 billion, an increase of about 52.8% to 60.1% compared to the same period last year with revenue of RMB 9.491 billion for the six months ended June 30, 2025; net profit is expected to be in the range of RMB 700 million to RMB 850 million, compared to a net loss of about RMB 63 million for the six months ended June 30, 2025. Based on the information available, the Board of Directors believes that the main reasons for the group's performance changes in this reporting period are: increased shipment volume of battery products, driving steady revenue growth; and scale effects and continuous cost reduction and efficiency improvement measures driving gross profit improvement.