+1,000% YoY! GreatPower's 2026 H1 Net Profit Surges

<p>On July 15, after the market closed, <strong>Penghui Energy (300438.SZ)</strong> released its earnings forecast for the first half of 2026. The company expects to achieve net profit attributable to shareholders of <strong>RMB 800 million to RMB 866 million</strong> during the period, compared with a net loss of <strong>RMB 88.2267 million</strong> 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 <strong>RMB 792 million to RMB 856 million</strong>, compared with a loss of <strong>RMB 159 million</strong> in the same period of last year.</p><p><img src="https://di8026cal0d.feishu.cn/space/api/box/stream/download/asynccode/?code=YzYxZDI5MTk1ZDAyNDNiYTkxZGJhM2RiNDRmOTJmNjdfdERhZ1R6UnNOMlZyRmRaaUxBVUNBV2trQW53Tk1pS1BfVG9rZW46Umd0V2I0TUI2b3FieXV4emZoWWN0eGV1blZiXzE3ODQyNzU1MTA6MTc4NDI3OTExMF9WNA&amp;add_watermark=true&amp;scene_type=CCM" alt="" loading="lazy" decoding="async" /></p><h2><strong>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</strong></h2><p>One year makes all the difference. In the first half of 2025, Penghui Energy was still struggling with a net loss of <strong>RMB 88.23 million</strong>. In the first half of 2026, however, the company expects net profit to reach <strong>RMB 800 million to RMB 866 million</strong>—an absolute improvement of more than <strong>RMB 900 million</strong>, representing a remarkable turnaround with year-on-year growth exceeding <strong>1,000%</strong>.</p><p>Since entering 2026, Penghui Energy's performance has shown an accelerating quarter-by-quarter growth trajectory.</p><p>In <strong>Q1 2026</strong>, the company reported revenue of <strong>RMB 4.768 billion</strong>, up <strong>182.14%</strong> year-on-year, while net profit attributable to shareholders reached <strong>RMB 323 million</strong>, soaring <strong>819.09%</strong> YoY. Quarterly net profit alone already exceeded the company's total profit for the entire year of 2025. In <strong>Q2</strong>, net profit is expected to reach <strong>RMB 477 million to RMB 543 million</strong>, representing up to <strong>67%</strong> growth compared with Q1. Compared with the <strong>RMB 43.24 million</strong> loss recorded in Q2 2025, the year-on-year improvement for a single quarter reached as much as <strong>12 times</strong>.</p><p>From losing <strong>RMB 43 million</strong> in a single quarter to earning more than <strong>RMB 500 million</strong> in just one year, Penghui Energy has delivered an astonishing transformation. Having cultivated the lithium battery industry for <strong>25 years</strong> and the energy storage sector for <strong>15 years</strong>, the battery manufacturer is rapidly translating its earnings potential into reality.</p><h2><strong>Energy Storage Market Remains Highly Prosperous, with Strong Product Sales and Shipments</strong></h2><p>Regarding the substantial increase in earnings, the company stated in its announcement that the primary reason was that <strong>"the industry continues to improve, the company's products have achieved strong production and sales, customer orders have increased, and operating revenue has grown."</strong></p><p>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 <strong>BloombergNEF (BNEF)</strong>, global newly installed new energy storage capacity reached <strong>112GW/307GWh</strong> in 2025, representing a <strong>48%</strong> year-on-year increase and surpassing the <strong>100GW</strong> milestone for the first time. In 2026, global newly installed energy storage capacity is expected to further climb to <strong>158GW/459GWh</strong>, maintaining a strong year-on-year growth rate of <strong>41%</strong>. As one of the earliest Chinese battery manufacturers to enter the energy storage industry, Penghui Energy has fully benefited from this upward industry cycle.</p><p>On the product side, the company has established leading positions across multiple market segments: <strong>No.1 in the high-rate battery segment for emergency power supplies, No.1 globally in residential energy storage cell shipments, and Top 2 globally in commercial and industrial energy storage.</strong></p><h2><strong>Accelerating Global Expansion: Targeting No.1 Positions in More Overseas Market Segments</strong></h2><p>Behind the strong earnings growth is the accelerated implementation of Penghui Energy's globalization strategy.</p><p>Just one day after releasing its earnings forecast (<strong>July 16</strong>), Penghui Energy held its <strong>2026 Global Partner Conference</strong> at Chimelong in Guangzhou, bringing together more than <strong>500 global partners</strong>. The conference carried the theme <strong>"Let's Work Together, Win the Future."</strong> This is not only Penghui Energy's response to the changing times but also a call to action for its global partners.</p><p><img src="https://di8026cal0d.feishu.cn/space/api/box/stream/download/asynccode/?code=OTljYmQ3ODNmZTljNTYxMDdhOWU2Yjc2N2E4YTVhMjJfOTFjOVN4WFpxZURTN3VXbWlIRFVPYUNWME4ycnRXUDhfVG9rZW46QWRmU2JjTDJPb0x5dm94SXVQN2NQMTBobjlkXzE3ODQyNzU1MTA6MTc4NDI3OTExMF9WNA&amp;add_watermark=true&amp;scene_type=CCM" alt="" loading="lazy" decoding="async" /></p><p><em>Xia Xinde, Chairman and Founder of Penghui Energy, speaking at the Global Partner Conference</em></p><p>At the conference, President <strong>Zhen Shaoqiang</strong> stated that the company is comprehensively advancing its <strong>"Overseas Leap"</strong> strategy and has established <strong>10 overseas offices</strong> worldwide. Specifically, Penghui Energy has established overseas branches in major energy storage markets including the <strong>United States, Germany, Japan, Singapore, and India</strong>, with its global service network and localized operational capabilities continuing to mature.</p><p>In <strong>2025</strong>, the company's overseas utility-scale energy storage business achieved breakthrough growth and gained strong customer recognition. Entering <strong>2026</strong>, overseas utility-scale energy storage orders have increased significantly, with multiple global benchmark energy storage projects being successfully implemented. Throughout 2026, Penghui Energy's overseas business has maintained strong growth momentum. The company's goal is to become <strong>No.1 in more overseas market segments.</strong></p><p>It is worth mentioning that Penghui Energy has been named a <strong>BNEF Tier 1 Global Energy Storage Manufacturer</strong> for the <strong>eighth consecutive time</strong>, firmly maintaining its position among the world's leading energy storage companies.</p><h2><strong>From "Price Competition" to "Value Competition": Building Long-Term Competitive Advantages Through an Ecosystem of Shared Success</strong></h2><p>At the Global Partner Conference on <strong>July 16</strong>, Chairman <strong>Xia Xinde</strong> expressed his sincere appreciation to the company's global partners. He remarked, <strong>"With gratitude in our hearts, we have journeyed together through the ups and downs of the industry."</strong></p><p>As industry competition shifts from an extensive era where "having production capacity meant having a market" to comprehensive competition in <strong>technology, quality, cost efficiency, and service capabilities</strong>, Xia emphasized that achieving the transformation from <strong>"price competition" to "value competition"</strong> cannot be accomplished by Penghui Energy alone. <strong>"It requires synchronized R&amp;D, synchronized technological upgrades, synchronized iteration, and joint efforts across the entire value chain to overcome technological challenges together."</strong></p><p>Addressing its global partners, Penghui Energy stated:</p><p><strong>"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."</strong></p>