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Jiangsu Zenergy Battery Technologies Group Co (3677) investor relations material
Jiangsu Zenergy Battery Technologies Group Co H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue rose 71.9% year-over-year to RMB3,172.0 million for the six months ended June 30, 2025, driven by strong growth in power battery shipments.
Net profit reached RMB220.4 million, reversing a loss of RMB130.0 million in the prior year period, a year-over-year increase of RMB350.4 million.
Earnings per share improved from RMB-0.06 to RMB0.09 year-over-year.
Gross profit increased 210.5% to RMB568.7 million, with gross margin improving from 9.9% to 17.9%.
Financial highlights
Power battery revenue grew 81.9% to RMB2,985.3 million, accounting for 94.1% of total revenue.
ESS and other product revenue declined 8.4% to RMB186.7 million due to production prioritization for power batteries.
Gross profit margin for power batteries rose to 18.3%, and for ESS/others to 12%.
Administrative expenses rose 28% to RMB172.7 million, mainly due to listing expenses.
R&D expenses slightly decreased to RMB252.9 million.
Cash and cash equivalents stood at RMB2,548.7 million as of June 30, 2025.
Gearing ratio improved to 59.2% from 62.2% at year-end 2024.
Net cash from financing activities increased to RMB1,783.7 million.
Outlook and guidance
Plans to expand production capacity from 25.5 GWh to 50.5 GWh by end of 2026, with 10 GWh added by Q4 2025.
Focus on launching new battery products for various vehicle types and expanding both domestic and overseas customer base and partnerships.
Continued investment in advanced materials, fast-charging, solid-state battery technologies, and intelligent manufacturing.
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