REPT BATTERO (00666) surged over 10% in morning trading. As of press time, the stock was up 7.26% to HK$12.11, with a trading volume of HK$71.1374 million.

On the news front, REPT BATTERO announced on August 21 that it has recently signed a strategic cooperation agreement with renowned Japanese trading company Hanwa Co., Ltd. and another specific Japanese partner, officially launching its expansion into Japan's energy storage market. According to the agreement, REPT BATTERO will deliver a cumulative total of over 1GWh of energy storage systems in the Japanese market within the next two years, actively participating in Japan's electricity market, grid frequency regulation, and distributed energy development.

Notably, REPT BATTERO previously released its interim results, achieving revenue of RMB 9.491 billion in the first half of the year, representing a year-on-year increase of 24.9%. Gross profit reached RMB 829 million, surging 177.8% year-on-year, showing a significant trend of profitability improvement.

In terms of product sales performance, the company's total lithium battery sales reached 32.4GWh in the first half of the year, representing a substantial year-on-year increase of 100.2%. Among these, energy storage battery shipments totaled 18.87GWh, surging 119.3% year-on-year, while power battery shipments reached 13.53GWh, up 78.5% year-on-year.