The global energy transition and the explosion in AI computing power are driving a profound paradigm shift in the new energy industry. This week, leading new energy technology firm CALB released its full-year 2025 results. The impressive figures not only demonstrate the exponential surge in energy storage demand during the AI era but also showcase the company's robust domestic and international full-industry-chain layout through a report highlighting success in both operations and investments. Notably, just one week prior to CALB's positive results, its strategic investment, the Hong Kong-listed AI energy storage leader GUOXIA TECH, also delivered a stunning 2025 report card that captivated the capital markets. The better-than-expected surge in performance from both companies represents more than just numerical growth; it validates CALB's dual-drive strategy of "power + storage," deeply integrating "AI + energy" to build formidable competitiveness through a comprehensive industry chain and global operations.

Data from the National Data Bureau indicates that China's average daily Token usage has surpassed 140 trillion. In early 2024, the figure stood at 100 billion; by the end of 2025, it jumped to 100 trillion; and as of March this year, it exceeded 140 trillion, marking a growth of over a thousand times in two years. A Token is the smallest unit of information processed by large models, possessing measurable, pricable, and tradable characteristics in the intelligent era. A new value system centered on the usage, distribution, and settlement of Tokens is rapidly evolving and becoming a crucial pathway for the commercialization of the artificial intelligence industry. The substantial increase in China's average daily Token usage also indicates that, with the deepening of market-oriented reforms for data factor allocation, a high-quality data supply system for AI is taking shape, and a virtuous cycle of "data supply—value release" is beginning to emerge.

According to the announcement, CALB achieved total revenue of RMB 44.4 billion in 2025, a year-on-year increase of approximately 60%. Annual profit reached RMB 2.095 billion, surging over 140% compared to the previous year. This performance is underpinned by strong growth across the company's two core business segments: power batteries and energy storage systems.

In the power battery sector, CALB reached a new historical high in market share for passenger vehicles. The company has successfully entered the supply chains of top international automakers such as Toyota, Volkswagen, and Hyundai. Its 800V high-voltage platform 5C ultra-fast-charge batteries achieved monthly sales exceeding 20,000 units. The "Boundless" all-solid-state battery, with an energy density of 450Wh/kg, completed trial production and verification, demonstrating industry-leading performance. The company is also accelerating commercialization in emerging areas like the low-altitude economy and robotics, with commercial vehicle shipments experiencing multiplicative growth.

The year 2025 marked a turnaround for CALB's energy storage business, elevating it from a supporting role to a core growth engine. The company's energy storage shipments grew significantly, with overseas installation capacity continuing to rise. Its "ZhiJiu" series, featuring large-capacity 588Ah and 684Ah cells, is redefining industry standards, offering zero degradation for three years and over 15,000 cycles. CALB has established a global production cluster covering Eastern, Southern, Western, Northern, and Central China, as well as Europe and ASEAN, laying a solid foundation for global delivery capabilities.

Within CALB's full-industry-chain blueprint, the strategic investment in GUOXIA TECH stands out as particularly visionary. As a global leader in AI energy storage, GUOXIA TECH reported revenue of RMB 2.057 billion for 2025, a year-on-year increase of 100.6%. Net profit reached RMB 103 million, soaring 109.5% year-on-year, reflecting remarkable explosive growth.

GUOXIA TECH pioneered the "Energy Storage as Token" development strategy, profoundly revealing the logical restructuring of power and computing power in the AI era. The company positions its energy storage systems as the "intelligent energy hub for AI Token factories," ensuring stable power supply—the physical foundation for Token production during AI model training and inference. By leveraging vertical large language models and AI algorithms, GUOXIA TECH has upgraded energy storage safety management from passive monitoring to active prediction, significantly improving energy efficiency—a form of technological "dimensionality reduction" advantage.

As a long-term strategic supporter of GUOXIA TECH, CALB benefits from deep synergies in battery cell supply, supply chain coordination, and market expansion. GUOXIA TECH's operating cash flow surged nearly 40-fold year-on-year in 2025, with gross margins improving markedly. This directly boosted CALB's investment returns and strategically secured a position in the highly promising frontier of AI plus new energy.

CALB's unexpectedly strong 2025 performance is not accidental but stems from its persistent, long-term focus on building a comprehensive industry chain. The company holds 6,138 patents covering the entire chain from battery materials and structure to system integration, BMS, and battery recycling. Through strategic investments and deep collaboration, such as the stake in GUOXIA TECH, CALB has built a highly resilient supply system, enabling leapfrog improvements in profitability despite raw material price fluctuations and geopolitical uncertainties. Guided by an "AI + Energy" strategy, CALB is establishing a virtuous cycle of innovative R&D, diverse applications, large-scale deployment, and precise operations. This aligns with GUOXIA TECH's "Energy Storage as Token" concept, jointly propelling the industry towards greater intelligence and decarbonization.

The bountiful 2025 results prove CALB's solid capabilities in the new energy sector. Furthermore, the explosive growth of GUOXIA TECH demonstrates CALB's professional acumen in identifying value within the industry chain and making forward-looking investments. "Energy Storage as Token" is not just a slogan but a core ticket to the ultimate landscape of AI energy storage. As China's Token output hit a new global historical high in March 2026, the insatiable demand of computing power for electricity underscores the energy storage industry's leap from a "supporting configuration" to the "heart of computing power." Standing at the dawn of this new era, CALB, with its rapid growth in both power and storage, is transforming from a pure-play battery manufacturer into a global energy technology leader. Its strategic investment, GUOXIA TECH, with its focused "AI + Storage" approach, serves as the sharpest value blade supporting this vast energy ecosystem. The depth of CALB's full-industry-chain闭环, combined with the explosive potential of GUOXIA TECH's "Energy Storage as Token" strategy, creates a competitive barrier difficult for the capital markets to overlook. The dual coronation of operational and investment success in 2025 is merely the glorious prelude to these two Hong Kong-listed AI storage leaders' dominance of the global energy computing market. The golden age of AI energy storage for CALB and GUOXIA TECH has just begun.