Rept Battero Energy (666) H1 2026 earnings summary

Executive summary

• H1 revenue rose 57.2% YoY to RMB14,915.6m; net profit was RMB778.3m, versus a RMB62.7m loss in H1 2025.

• Lithium battery shipments reached 42.7 GWh, up 31.8% YoY; ESS shipments grew 43.9% to 27.2 GWh and EV shipments rose 14.8% to 15.5 GWh.

• Designed production capacity totaled 100 GWh; ESS shipment rankings were sixth globally overall, first in household and second in commercial and industrial.

Financial highlights

• Revenue was RMB14,915.6m, up 57.2% YoY; cost of sales rose 49.3% to RMB12,935.3m.

• Gross profit rose 138.8% to RMB1,980.3m; gross margin increased to 13.3% from 8.7%, supported by higher utilization and scale effects.

• Profit before tax was RMB862.6m versus a RMB62.7m loss; net profit was RMB778.3m versus a RMB62.7m loss.

• Profit attributable to owners was RMB703.8m; basic and diluted EPS was RMB0.30, versus a RMB0.03 loss per share.

• Net reversal of financial and contract asset impairment was RMB0.2m, versus impairment losses of RMB47.4m in H1 2025; other expenses of RMB15.8m included long-term asset disposal losses.

Outlook and guidance

• Global expansion plans include subsidiaries in the U.S., Germany and Southeast Asia, with subsidiaries being established in Australia, Japan and the U.K.

• Indonesia factory phase one is planned for 8 GWh annual capacity for EV and ESS batteries, systems and components; further overseas capacity expansion is under consideration.

• Development plans include 500 Ah+ long-duration ESS cells, Powtrix systems exceeding 6.26 MWh per standard 20-foot cabin, and liquid cooling for projects lasting 8 hours or more.

• EV priorities include ultra-fast charging and hybrid solid-liquid batteries; targets include mass energy density of at least 220 Wh/kg for passenger vehicles and 350 Wh/kg for low-altitude aircraft and robots.

• Flash-charging chemistry is under development for average 6C and peak 8C charging.