Zhenyu Technology Expects H1 Profit to Double on Strong Energy Storage Battery Demand

Published: Jul 20, 2026 19:33

Save

Zhenyu Technology expects its first-half 2026 net profit to rise 98.72%-117.65% YoY to 4.2-4.6 billion yuan. The company attributed the growth to strong demand from the lithium battery market, particularly the energy storage battery segment, which drove sales growth. It also cited the gradual ramp-up of new motor core capacity, higher capacity utilization, increased automation, and cost optimization as key contributors to improved profitability.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[Solid-state Battery: South Korea's ECOPRO BM Unveils Core Materials Development Roadmap for All-Solid-State Batteries]

[Solid-State Battery: South Korea's ECOPRO BM Unveils Development Roadmap for Core Materials of All-Solid-State Batteries] On July 16, 2026, ECOPRO BM held a corporate briefing for general investors at the NH Investment & Securities headquarters in Yeouido, Seoul, where Management Representative Kim Jangwoo, R&D Executive Director Gong Bohyeon, and Procurement Executive Director Shin Hosang attended and spoke. On July 19, the company officially unveiled its development roadmap for core materials of all-solid-state batteries, covering solid-state electrolytes, next-generation cathode and anode materials, and sodium-ion batteries.

1 hour ago

EVSIS Begins Construction of Electric Bus Charging Infrastructure in Indonesia

EVSIS, Lotte Innovate’s EV charging subsidiary, announced on July 20 that it will begin full-scale development of eco-friendly electric bus charging infrastructure in Indonesia.

1 hour ago

Hyundai Motor Group Launches Global V2X Integrated Service “All Day Energy”

Hyundai Motor Group announced on July 21 that it will globally launch All Day Energy, an integrated V2X service that uses electric vehicles as “batteries on wheels.” V2X, or Vehicle-to-Everything, is a technology that connects EV batteries bidirectionally with power grids, allowing vehicles to be charged during periods of low electricity prices and later send power externally when needed.

1 hour ago