SIGENERGY Source (06656) 2026 Mid-Year Report: Revenue Soars Over 260% with Continuously Improving Profitability, Driving a New Engine for Global Energy Transformation with AI.

On August 24, 2026, SIGENERGY Source (Shanghai) Co., Ltd. (06656, hereinafter referred to as "SIGENERGY Source" or "the Company") officially released its interim results for the six months ended June 30, 2026. During the reporting period, the Company achieved operating revenue of RMB 9.87 billion, a year-on-year increase of 261.2%; net profit for the period reached RMB 2.43 billion, a year-on-year increase of 201%; adjusted net profit under non-international financial reporting standards amounted to RMB 2.49 billion, up 135.8% year-on-year; and the net operating cash flow was RMB 1.97 billion, a year-on-year increase of 337.9%. In the first half of 2026, the global energy structure accelerated its transformation, with the distributed energy, energy storage, and smart energy management markets experiencing rapid growth. The Company seizes the global green energy development opportunities, adheres to the "AI + Energy" strategic direction, and continues to promote the innovation of integrated solar energy storage and charging products as well as global layout, resulting in rapid enhancement of operational scale and continued improvement in profitability. With its sustained leading technological innovation capability, comprehensive global channel system, and full-scenario energy solution layout, SIGENERGY Source is accelerating its growth to become an important participant and leader in the global smart energy sector. On August 21, the Hang Seng Index Company announced the results of its quarterly review for the Hang Seng Index series as of June 30, 2026. SIGENERGY Source has officially been included in the Hang Seng Composite Index. The related adjustments will take effect after the market closes on September 4, 2026, and will be officially effective from September 7. Joining the Hang Seng Composite Index marks a new level for SIGENERGY Source in terms of recognition in the capital market, company scale, and market influence. As a rare "AI + Integrated Solar Energy Storage" technology stock in the Hong Kong market, the Company is expected to further expand its coverage among institutional investors and attract more southbound funds, thereby enhancing stock liquidity, market trading activity, and long-term value discovery. Core business grows rapidly, full-scenario energy ecosystem accelerates formation During the reporting period, the Company continued to improve its product matrix of integrated solar energy storage and charging solutions, focusing on three major application scenarios: household, commercial, and industrial, as well as large-scale energy projects, forming comprehensive lifecycle solutions covering energy production, storage, conversion, management, and application. The SIGENERGY solar storage product series maintained rapid growth, generating revenue of RMB 9.3 billion, accounting for 94.2% of the Company's total revenue, and increasing by 267.1% year-on-year, becoming the core driver of the Company's business growth. Meanwhile, the Company's energy ecosystem-related products continue to make breakthroughs. The smart energy gateway achieved revenue of RMB 360 million, a year-on-year increase of 181.5%; while other energy products generated revenue of RMB 220 million, up 195.0% year-on-year. Focusing on photovoltaic inverters, energy storage systems, charging equipment, energy management systems, and AI software platforms, the Company continues to create a highly integrated smart energy ecosystem, providing safer, more efficient, and smarter energy solutions for households, enterprises, and large energy projects. AI empowers energy, accelerating the implementation of the "AI in All" strategy The energy industry is entering a new era of digitalization and intelligence. The Company continues to promote the deep integration of artificial intelligence, big data, cloud computing, and power electronics technology, building intelligent energy infrastructure for the future. During the reporting period, the Company further advanced its AI in All global strategy, launching the industry's first full-scale AI agent, SigenAgent, which defines a new paradigm for the fusion of AI and new energy. SigenAgent covers critical application scenarios such as home energy management, plant operation and maintenance, electricity trading, and corporate energy management through four core intelligent agents: the private energy steward, the plant operation doctor, the electricity trading operator, and the corporate management assistant, transforming complex energy management tasks into a more intuitive and efficient smart interaction experience. At the same time, the Company globally launched mySigen App 4.0, equipped with the full-scale AI agent SigenAgent, achieving a complete upgrade of the energy management experience. Leveraging AI algorithms and energy data integration, the Company continues to enhance energy forecasting, intelligent scheduling, battery health management, and equipment operation and maintenance capabilities, providing users with smarter and more efficient energy management services. In the future, the Company will explore innovative applications such as Virtual Power Plants (VPP), demand response, and electricity market trading, continuing to unlock the value of distributed energy assets. Adhering to technological innovation, building long-term competitive advantages Innovation is the core driver of the Company's sustained growth. In the first half of 2026, SIGENERGY Source's R&D spending increased by 62.9% year-on-year. Through continuous research and development, SIGENERGY Source has established a core technological system encompassing power electronics, battery management systems (BMS), intelligent charging and V2X, cloud computing and artificial intelligence, virtual grids, as well as advanced production, testing, and product safety design. In the field of power electronics, the Company utilizes an advanced direct current bus architecture to achieve efficient coordination among photovoltaic, energy storage, and charging systems, enhancing energy conversion efficiency and system responsiveness. In the field of energy storage safety, the Company adopts innovative PACK architecture, intelligent BMS algorithms, and multi-layer safety protection systems to achieve precise management of battery status and safe operation of systems. In the field of smart charging, the Company continues to promote the development of vehicle-to-load (V2L), vehicle-to-home (V2H), vehicle-to-grid (V2G), and other vehicle-grid interactive technologies, facilitating the transition of new energy vehicles from energy consumers to energy participants. In smart manufacturing, the Company continues to advance automation production, digital management, and full-process quality control, continuously enhancing product reliability, consistency, and delivery capabilities. Through ongoing R&D investment and technological accumulation, the Company reinforces its core competitive barriers, laying a foundation for long-term growth. Intelligent manufacturing layout continues to deepen, storage manufacturing capacity significantly expanded In April 2026, the Company successfully listed on the main board of the Hong Kong Stock Exchange, injecting new capital momentum for future development. During the reporting period, the Company achieved a comprehensive gross margin of 40.5%, maintaining a high level overall. In the face of global market competition, fluctuations in raw materials, and changes in exchange rates, the Company continuously optimizes its supply chain system, promotes product structure upgrades, and enhances operational resilience through technological innovation and economies of scale. In terms of manufacturing capacity, in March 2026, SIGENERGY Source's Nantong Smart Energy Center was officially put into operation. This center has a total construction area of 136,000 square meters, with an annual production capacity exceeding 300,000 inverters and storage PACKs. As an important layout in the Company's global intelligent manufacturing system, the Nantong Smart Energy Center not only undertakes large-scale production and global delivery tasks but also combines R&D, manufacturing, and data management to build an intelligent manufacturing closed loop from product development to large-scale delivery. In June 2026, the Nantong Smart Energy Center's second phase and the SIGENERGY & Xianghua joint venture's new energy storage system structural component project officially began construction. The implementation of this project will further enhance the Company's manufacturing capability in energy storage systems, industry chain collaboration, and global delivery capability. In the future, the Company will continue to promote the integration of AI, big data, and digital systems into the entire process of production, quality, warehousing, and logistics, creating a more intelligent, efficient, and reliable smart manufacturing system. Global market continues to break through, authoritative certification enhances brand competitiveness The Company continues to advance its globalization strategy, deepening its layout in Europe, Asia-Pacific, Africa, and emerging markets. Currently, its business covers over 120 countries and regions, with more than 170 global distribution partners and over 29,000 registered installers, employing more than 2,550 people globally, including over 900 R&D personnel. The Company continually improves its global localized sales, technical support, installation services, and after-sales systems to enhance its customer service capabilities. With its leading product innovation capabilities, continuously improving technical strength, and reliable product quality, the Company's products have gained widespread recognition in global markets and have received multiple accolades from international authoritative institutions: The Australian, South African, and European markets continue to expand, with increasing market influence; Awarded an A Grade rating from international authority Wood Mackenzie for energy storage system integrators in 2026; Received a technology review report for SIGENERGY plant-level photovoltaic inverters from international third-party organization DNV; The ground energy storage system SigenTerra received a financing technology due diligence report from TV Rheinland; Included in both the SMM Tier 1 inverter supplier and energy storage system supplier lists. Multiple international certifications and industry recognitions further validate the reliability, technological strength, and global market competitiveness of the Company's products. Looking to the future, continuing to build a global leader in smart energy Looking ahead, the global energy transition remains in a rapid development phase, and the household energy storage, commercial and industrial energy storage, and large-scale energy application markets will continue to release growth potential. The Company will adhere to long-termism, continually deepen the layout of full-scenario energy solutions, improve the household energy ecosystem, commercial solar energy storage solutions, and large energy applications, and promote the commercial realization of scaled products; continue to advance the deep integration of AI and energy, focusing on SigenAgent, mySigen App, and the SIGENERGY Cloud platform to enhance energy smart management capabilities, exploring innovative businesses such as virtual power plants and electricity trading; continuously improve intelligent manufacturing capabilities, promoting the application of advanced manufacturing processes, digital systems, and automation equipment to increase production efficiency and global delivery capabilities; and deepen the global localization strategy, improving overseas sales, service, and partnership systems to enhance global market competitiveness. In the future, SIGENERGY Source will continue to drive energy transformation through innovation, providing clients worldwide with safer, more economical, and sustainable energy futures through more efficient system architectures, more reliable product capabilities, and smarter energy management experiences.