On July 15, after the market closed, Great Power released its earnings forecast for the first half of 2026. The company expects to achieve net profit attributable to shareholders of RMB 800 million to RMB 866 million during the period, compared with a net loss of RMB 88.2267 million in the same period last year, representing a turnaround from loss to profit. Net profit after deducting non-recurring gains and losses is expected to reach RMB 792 million to RMB 856 million, compared with a loss of RMB 159 million in the same period of last year.
Explosive Growth Both Year-on-Year and Quarter-on-Quarter: From an RMB 88 Million Loss to Over RMB 800 Million Profit, with Q2 Up Nearly 70% Sequentially
One year makes all the difference. In the first half of 2025, Great Power was still struggling with a net loss of RMB 88.23 million. In the first half of 2026, however, the company expects net profit to reach RMB 800 million to RMB 866 million—an absolute improvement of more than RMB 900 million, representing a remarkable turnaround with year-on-year growth exceeding 1,000%.
Since entering 2026, Great Power's performance has shown an accelerating quarter-by-quarter growth trajectory.
In Q1 2026, the company reported revenue of RMB 4.768 billion, up 182.14% year-on-year, while net profit attributable to shareholders reached RMB 323 million, soaring 819.09% YoY. Quarterly net profit alone already exceeded the company's total profit for the entire year of 2025. In Q2, net profit is expected to reach RMB 477 million to RMB 543 million, representing up to 67% growth compared with Q1. Compared with the RMB 43.24 million loss recorded in Q2 2025, the year-on-year improvement for a single quarter reached as much as 12 times.
From losing RMB 43 million in a single quarter to earning more than RMB 500 million in just one year, Great Power has delivered an astonishing transformation. Having cultivated the lithium battery industry for 25 years and the energy storage sector for 15 years, the battery manufacturer is rapidly translating its earnings potential into reality.
Energy Storage Market Remains Highly Prosperous, with Strong Product Sales and Shipments
Regarding the substantial increase in earnings, the company stated in its announcement that the primary reason was that "the industry continues to improve, the company's products have achieved strong production and sales, customer orders have increased, and operating revenue has grown."
From an industry perspective, energy storage has evolved from a "short-lived boom" into "the most certain industrial trend for the next decade." According to data from BloombergNEF (BNEF), global newly installed new energy storage capacity reached 112GW/307GWh in 2025, representing a 48% year-on-year increase and surpassing the 100GW milestone for the first time. In 2026, global newly installed energy storage capacity is expected to further climb to 158GW/459GWh, maintaining a strong year-on-year growth rate of 41%. As one of the earliest Chinese battery manufacturers to enter the energy storage industry, Great Power has fully benefited from this upward industry cycle.
According to the *Global Residential Energy Storage Battery Market Research Report (Q1 2026)* by Frost & Sullivan, Great Power ranks first globally in residential energy storage battery shipments; furthermore, it maintains a leading position across various detailed performance metrics.
Accelerating Global Expansion: Targeting No.1 Positions in More Overseas Market Segments
Behind the strong earnings growth is the accelerated implementation of Great Power's globalization strategy.
Just one day after releasing its earnings forecast (July 16), Great Power held its 2026 Global Partner Conference at Chimelong in Guangzhou, bringing together more than 500 global partners. The conference carried the theme "Let's Work Together, Win the Future." This is not only Great Power's response to the changing times but also a call to action for its global partners.
Xia Xinde, Chairman and Founder of Great Power, speaking at the Global Partner Conference
At the conference, President Zhen Shaoqiang stated that the company is comprehensively advancing its "Overseas Leap" strategy and has established 10 overseas offices worldwide. Specifically, Great Power has established overseas branches in major energy storage markets including the United States, Germany, Japan, Singapore, and India, with its global service network and localized operational capabilities continuing to mature.
In 2025, the company's overseas utility-scale energy storage business achieved breakthrough growth and gained strong customer recognition. Entering 2026, overseas utility-scale energy storage orders have increased significantly, with multiple global benchmark energy storage projects being successfully implemented. Throughout 2026, Great Power's overseas business has maintained strong growth momentum.
It is worth mentioning that Great Power has been named a BNEF Tier 1 Global Energy Storage Manufacturer for the eighth consecutive time, firmly maintaining its position among the world's leading energy storage companies.
From "Price Competition" to "Value Competition": Building Long-Term Competitive Advantages Through an Ecosystem of Shared Success
At the Global Partner Conference on July 16, Chairman Xia Xinde expressed his sincere appreciation to the company's global partners. He remarked, "With gratitude in our hearts, we have journeyed together through the ups and downs of the industry."
As industry competition shifts from an extensive era where "having production capacity meant having a market" to comprehensive competition in technology, quality, cost efficiency, and service capabilities, Xia emphasized that achieving the transformation from "price competition" to "value competition" cannot be accomplished by Great Power alone. "It requires synchronized R&D, synchronized technological upgrades, synchronized iteration, and joint efforts across the entire value chain to overcome technological challenges together."
Addressing its global partners, Great Power stated:
"Only through collaborative innovation can we achieve product leadership; only by upgrading together can we stay ahead together. No matter how the market changes, Penghui Energy remains committed to standing alongside its global partners. Empowering customers through product leadership is the greatest certainty."