Shanghai Putailai New Energy Technology (603659) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 10.11 billion, up 42.70% year-over-year; net profit attributable to shareholders was RMB 1.45 billion, up 37.58%.

• Total assets at period-end were RMB 54.49 billion, up 17.75% from the previous year-end.

• All major business lines saw strong volume and sales growth, driven by robust demand in EV, energy storage, and export markets.

• The company accelerated capacity expansion, improved cost control, and enhanced product mix to meet surging customer needs.

Financial highlights

• Operating income: RMB 10.11 billion (+42.70% YoY); net profit: RMB 1.45 billion (+37.58% YoY).

• Operating cash flow: RMB 1.80 billion (+47.05% YoY); total assets: RMB 54.49 billion (+17.75% from year-end 2025).

• Basic and diluted EPS: RMB 0.69 (+40.82% YoY); ROE: 6.89% (+1.31pp YoY).

• EBITDA interest coverage ratio improved to 16.26 from 12.25 year-over-year.

• Non-recurring gains: RMB 139.86 million, mainly from government subsidies.

Outlook and guidance

• The company expects continued strong demand in EV and energy storage sectors, with further capacity ramp-up and product innovation planned.

• Ongoing investments in new production lines and overseas expansion to support global customer base.

• No profit distribution or capital increase from reserves was proposed for the reporting period.