Amid the accelerating global shift toward green and low-carbon energy structures and the faster development of new power systems, demand in the power equipment industry remains robust, driving up performance across the supply chain.

Data from iFinD shows that as of July 26, 70 companies in the power equipment sector listed on the Shenzhen Stock Exchange (SZSE) had released their first-half performance forecasts. Among them, 46 companies expect a year-on-year increase in net profit attributable to shareholders (using the upper limit for calculation), and 27 companies forecast a growth of over 100%. Additionally, Contemporary Amperex Technology Co., Ltd. (CATL) and Guangdong Dowstone Technology Co., Ltd. have officially published their semi-annual reports, while Sieguan Electric Co., Ltd. has released its performance report.

Industry insiders point out that the power equipment sector is currently in a high-growth cycle. Domestic infrastructure demand provides solid support, while the global tight balance between power supply and demand highlights overseas market gaps, offering broad opportunities for leading Chinese power equipment firms to expand abroad. Furthermore, the concentrated release of downstream demand across multiple scenarios provides strong momentum for midstream battery equipment manufacturing and upstream material supply.

Since the start of this year, China's battery sector has maintained strong performance, with both supply and demand strengthening. In this context, leading companies listed on the SZSE have actively positioned themselves, leveraging technological innovation, economies of scale, and first-mover advantages in globalization to achieve standout results, becoming key drivers of industry growth.

For example, on July 24, CATL officially released its semi-annual report for 2026. The report shows that CATL's net profit attributable to shareholders in the first half reached 43.28 billion yuan, a year-on-year increase of 42.0%.

A representative from CATL stated that in the first half, the company's domestic market share for passenger vehicle battery installations reached 46.7%. Additionally, overseas markets are steadily progressing, with the construction and operation of overseas bases becoming increasingly mature, and overseas market share exceeded 30% in the first five months.

Another battery giant, Huizhou EVE Energy Co., Ltd. (EVE Energy), has achieved steady profit growth through product upgrades and supply chain management. EVE Energy expects its first-half net profit attributable to shareholders to be between 3.13 billion yuan and 3.371 billion yuan, a year-on-year increase of 95% to 110%.

A representative from EVE Energy said the company is committed to product iteration, service enhancement, and process optimization. By seizing market growth opportunities and diversifying its supply chain, it has effectively buffered against material cost fluctuations, ensuring the stability of its core business profitability.

In the first half, driven by a surge in demand for energy storage and power batteries, prices of lithium battery materials such as lithium carbonate, lithium iron phosphate, and lithium hexafluorophosphate rose sharply. Benefiting from this trend, several upstream material companies on the SZSE saw explosive profit growth.

Guangzhou Tinci Materials Technology Co., Ltd. (Tinci Materials), a major producer of lithium battery electrolytes, benefited from strong market demand for its lithium-ion battery material electrolytes and lithium hexafluorophosphate products in the first half. This led to significant sales growth and improved capacity utilization. In its first-half performance forecast, the company expects net profit attributable to shareholders to be between 2.7 billion yuan and 3 billion yuan, a year-on-year increase of 908% to 1020%.

A representative from Tinci Materials explained that the continuous optimization of the supply-demand balance in the industry drove up product market prices, boosting overall gross margins. In terms of capacity, as of June 2026, the utilization rates for its electrolyte and lithium hexafluorophosphate facilities were near full levels. Given sustained strong downstream demand, the company expects its electrolyte production volume to grow further quarter-on-quarter in the third quarter.

Another high-end new material company, Levima Advanced Materials Corporation (Levima), has seen its profit space continuously improve due to robust downstream demand for new energy and biodegradable materials. In the first half, Levima expects a net profit attributable to shareholders of between 400 million yuan and 430 million yuan, a year-on-year increase of 149% to 167%.

A representative from Levima stated that the company's integrated new energy materials and biodegradable materials project commenced production smoothly in the fourth quarter of 2025. During the reporting period, capacity utilization for facilities producing lithium battery carbonate solvents, biodegradable polylactic acid, and ultra-high molecular weight polyethylene further improved.

Looking ahead, Levima will continue to enhance operational efficiency. With the commissioning of new facilities and the gradual release of capacity, sales volumes of new products are expected to grow steadily.