Zhenli New Energy H1 2026 Revenue RMB5.44 billion, Net Profit RMB370m, Storage Income Up Nearly 8-Fold

Zhenli New Energy released its interim results on August 31, 2026. During the reporting period, the company achieved operating revenue of RMB5.44 billion, up 71.4% year on year; net profit of RMB370 million, up 68.6%; and net operating cash flow of RMB640 million, an increase of RMB770 million. Revenue growth kept pace with profit expansion, sustaining the steady development momentum since the company returned to profitability in 2024.

In the power battery segment, the company's domestic passenger vehicle installation ranking rose from seventh to fifth. It continued to optimize its customer structure and product portfolio, with several models from core OEM customers seeing higher overseas delivery volumes, driving demand for related battery supply. The company dynamically adjusted capacity allocation to improve utilization and production-sales matching efficiency, while advancing the iteration of high-performance, cost-effective, and high-safety power battery products.

Energy storage emerged as a new growth driver. In the first half of 2026, storage battery revenue reached RMB590 million, accounting for over 10% of total revenue, up nearly eight-fold from the same period in 2025. The company has deployed standardized 104Ah and 314Ah cells and plans to mass-produce customized 100Ah and 314Ah residential storage versions in the second half of the year. For commercial and industrial storage, independent storage, and AIDC storage applications, it has developed products in 100Ah/104Ah, 235Ah, 314Ah, and 588Ah specifications, with volume sales expected progressively in 2026.

In smart manufacturing, the company received the "National Green Factory" designation. It has built a full-process manufacturing system featuring "nanoscale materials, microscale manufacturing, and medical-grade inspection," and implemented a "three-instant manufacturing" management model—logistics at the workstation, workstation as manufacturing, and manufacturing as quality inspection. It also rolled out a "three-degree management" system covering equipment reliability, product health, and personnel proficiency to enhance production efficiency and yield rates.