On February 2nd, REPT BATTERO (00666) released its first profit alert announcement since going public. The announcement indicates that the company expects to achieve a net profit of RMB 630 million to RMB 730 million for the fiscal year ending December 31, 2025, successfully turning a profit compared to a net loss of RMB 1.353 billion in the same period of 2024. The breakthrough into profitability stems from the synergistic effect of two key factors: on one hand, the continuous increase in shipments of power and energy storage battery products has effectively driven steady revenue growth; on the other hand, improved capacity utilization and the implementation of cost-reduction and efficiency-enhancement measures have significantly boosted gross profit. The virtuous cycle of "volume and profit rising together" formed by these two driving factors marks the company's official departure from its incubation phase and entry into a new stage of high-quality profitability.

Buoyed by the positive profit alert, the company's stock price reacted positively during trading on February 2nd, rising to a high of HKD 12.99 at one point, with a maximum intraday gain of 12.6%, directly reflecting the capital market's recognition of the improvement in the company's fundamentals. It is understood that in the power battery sector, REPT BATTERO's products cover diverse scenarios including passenger vehicles, commercial vehicles, and engineering machinery; leveraging advantages such as high energy density and long cycle life, the company has established long-term, stable partnerships with leading domestic and international automakers. In the first half of 2025, the company's power battery shipments reached 13.53GWh, a year-on-year increase of 78.5%, ranking seventh in domestic lithium iron phosphate (LFP) power battery installations. According to statistics from Green Heavy-Duty Trucks, the company's battery installations for new energy heavy-duty trucks surged by 278.74% year-on-year in 2025, with its market share rising to 8.14%, securing the second position nationally. The customized products and the Chenxing series batteries launched by the company to address the core demands of the heavy-duty truck industry have effectively resolved industry pain points, further consolidating its market position.

As a leader in the energy storage field, the company is driven by large-cell technology, with products covering full-scenario applications including centralized power storage, commercial and industrial energy storage, and residential energy storage, and they have passed multiple authoritative certifications such as China's GB, the US UL, and international IEC standards. According to statistics from the ICC Xinluo Energy Storage Database, the company's energy storage battery shipments exceeded 30GWh in the first three quarters of 2025, placing it among the global leaders, with its shipments of residential energy storage cells firmly ranking first globally. The rapid growth in shipments is supported by a dual foundation of technological innovation and production capacity layout. REPT BATTERO has established three R&D centers in Shanghai, Wenzhou, and Jiashan; as of June 30, 2025, it employed 1,072 R&D personnel and had accumulated 2,977 granted patents. In the power battery sector, the Wending 54Ah cell has become a benchmark in the hybrid vehicle market, while 4C-6C ultra-fast charging cells are steadily advancing; in the energy storage sector, the Wending 392Ah cell and its supporting Powtrix™ 6.26MWh system have passed extreme safety tests, boasting a cycle life exceeding 10,000 cycles. It is reported that the total shipment volume of the "Wending" series has exceeded 20GWh.

As a core new energy asset under the Tsingshan Group, REPT BATTERO is backed by the industrial resources of a global stainless steel and nickel giant. Tsingshan Industry has extended its industrial chain into key new energy resource areas such as lithium and cobalt, providing the company with a long-term, stable, and cost-advantaged supply of raw materials. This unique industrial chain synergy acts as a "moat," granting the company stronger bargaining power and risk-hedging capabilities during raw material price fluctuation cycles, serving as a key support for cost reduction and efficiency improvement. Currently, with the global energy transition accelerating, the penetration rate of new energy vehicles continuously rising, and coupled with policy support for new types of energy storage in various countries, industry demand remains robust. Leveraging its existing technological and industrial chain advantages, REPT BATTERO will focus on core technology iteration in the future, advancing the R&D of high-capacity energy storage cells and expanding applications for new battery types; on the industrial chain front, it will deepen its global layout to optimize the cost structure and diversify geopolitical risks; simultaneously, it will seek to gain a first-mover advantage in the circular economy field through strategic partnerships, making its growth prospects highly promising.

Against the backdrop of the ongoing promotion of the "Dual Carbon" goals, this turnaround to profitability is a significant milestone in REPT BATTERO's development, signaling its long-term growth potential in the new energy sector. With its technological barriers, industrial chain synergy advantages, and global layout, the company is poised to continue benefiting from industry tailwinds, further expand its market share, and create greater value for investors and the industry.