REPT BATTERO Swings to First Profit on Surging Battery Demand

SHANGHAI – April 10, 2026 – REPT BATTERO Energy Co., Ltd. has officially entered a new era of financial stability, announcing its first-ever annual profit for the 2025 fiscal year. The Hong Kong-listed battery manufacturer reported a net profit of RMB 681 million (approximately USD 95 million), a monumental turnaround that underscores the soaring global demand for energy storage and electric vehicle technologies.

The achievement was powered by remarkable growth across the board. The company's revenue climbed 36.7% year-on-year to RMB 24.3 billion (USD 3.4 billion). Even more impressively, total battery shipments skyrocketed by 89.2%, reaching a total of 82.7 GWh for the year. This surge in production and sales highlights the company's successful navigation of a fiercely competitive market, transforming from a fast-growing but loss-making enterprise into a profitable industry force.

A Landmark Financial Turnaround

REPT BATTERO's journey to profitability marks a significant milestone, not just for the company but as a case study for the capital-intensive battery industry. The 2025 profit stands in stark contrast to a history of substantial losses, including a reported net loss of approximately CNY 1.16 billion in 2024 and CNY 1.47 billion in 2023. This swing of over two billion yuan from loss to profit in a single year demonstrates a fundamental shift in the company's operational efficiency and market strategy.

This financial reversal was built on the momentum from its public listing. The company's IPO on the Hong Kong Stock Exchange in December 2023 raised crucial capital—approximately HKD 2.12 billion (USD 271 million)—which has been strategically deployed to scale up production and enhance research and development. While revenues have been growing steadily for years, the ability to convert that top-line growth into bottom-line profit signals a new level of maturity. The results suggest that in the evolving battery market, a relentless focus on cost control, optimizing capacity utilization, and strategic product positioning are now the core drivers of sustainable success.

The performance indicates that after a period of intense investment and market penetration, REPT BATTERO has successfully leveraged economies of scale to improve its gross margins and secure its financial footing. This transition is critical in an industry where price pressures and rapid technological change are constant challenges.

Energy Storage Fuels Explosive Growth

The primary engine behind REPT BATTERO's remarkable year was its energy storage division. Revenue from energy storage battery products surged by an astounding 86.8% year-on-year, reaching RMB 13.6 billion (USD 1.9 billion) and accounting for the largest share of the company's total revenue. This segment's performance firmly establishes it as the main pillar of the company's growth strategy.

This success is directly tied to the company's dominant position in key market segments. In 2025, REPT BATTERO solidified its leadership by ranking first globally in residential energy storage battery shipments. This top spot reflects the company's ability to cater to the booming demand from households worldwide seeking to pair solar installations with battery storage for energy independence and grid stability. Furthermore, the company ranked fifth globally in overall energy storage battery shipments, showcasing its strong presence in both residential and utility-scale projects.

While the energy storage segment led the charge, the power battery division for vehicles also posted strong results. Revenue from power battery products grew by a healthy 35.6% to RMB 10.0 billion (USD 1.4 billion). This diversified portfolio, which serves passenger vehicles, commercial vehicles, and heavy-duty trucks, provides a stable counterpoint to the high-growth storage market and mitigates risks associated with any single sector.

Technological Edge and Market Diversification

REPT BATTERO's rapid ascent is not merely a story of market timing but is also rooted in technological innovation and a diversified product strategy. The company has secured strong footholds across multiple segments of the battery industry, backed by proprietary technology.

A key differentiator is the company's "WenDing®" technology, first launched in 2022. This innovative design approach enhances the volumetric energy density of lithium-ion batteries by optimizing internal component arrangement. Continuous upgrades to this technology have allowed REPT BATTERO to increase internal space utilization by 4% and reduce internal resistance, leading to more powerful and efficient cells. This technology underpins its latest 314/320Ah series battery cells, which build upon the success of its popular 280Ah products for energy storage.

The company's market rankings validate this tech-forward strategy. Beyond its number one position in residential storage, REPT BATTERO ranked second in China for heavy-duty truck battery shipments and seventh in the shipment of lithium iron phosphate (LFP) power batteries. Its focus on LFP chemistry aligns with a broader industry trend toward this safer, more cost-effective, and longer-lasting battery type, particularly for energy storage and commercial vehicles.

For the demanding commercial vehicle sector, the company has developed specialized 228Ah battery cells featuring pre-lithiation technology that promises "zero attenuation for 1,000 times and long life for 10,000 cycles," extending the product life to over 15 years. This focus on durability and longevity is critical for gaining traction in commercial and industrial applications.

Navigating a Competitive Future with Ambitious Expansion

Having achieved profitability, REPT BATTERO is now setting its sights on future growth in a global market dominated by giants like CATL, BYD, and LG Energy Solution. The company's performance demonstrates that even in this competitive landscape, there is room for agile and specialized players to thrive. Its success is also emblematic of the broader rise of Chinese manufacturers in the global battery supply chain.

To sustain its momentum, REPT BATTERO is embarking on an aggressive expansion plan. The company aims to increase its total production capacity from 74 GWh at the end of 2024 to over 90 GWh in 2025. Major capacity expansions are underway at its existing factories in Jiashan and Wenzhou, with several new production facilities planned across China in locations such as Foshan, Liuzhou, and Chongqing.

International expansion is also a key priority. The company is actively building an 8 GWh battery factory in Indonesia and has established a subsidiary in Southeast Asia to explore further manufacturing opportunities in the region. This move aims to diversify its manufacturing footprint and better serve a growing international customer base.

This physical expansion is matched by a continued commitment to R&D. A significant portion of its IPO funds is dedicated to developing next-generation battery technologies, including semi-solid and solid-state batteries. These advanced chemistries promise even greater safety and energy density, with potential applications in emerging sectors like low-altitude aircraft, a market REPT BATTERO is actively exploring. By balancing aggressive expansion with forward-looking research, the company is positioning itself not just to compete today, but to lead in the energy technologies of tomorrow.