ZENERGY (03677) issues positive earnings forecast, expecting mid-term net profit to be approximately 320 million to 400 million yuan, a year-on-year increase of about 45.5% to 81.8%.

ZENERGY (03677) announced that the group expects to achieve a net profit of approximately RMB 320 million to 400 million for the six months ending June 30, 2026 (the reporting period), representing a growth of about 45.5% to 81.8% compared to a net profit of RMB 220 million in the same period last year. According to the information currently available, the Board believes the main reasons for the performance change during the reporting period are: (1) During the reporting period, the group's new production capacity was gradually released, coupled with a year-on-year improvement in capacity utilization rate, resulting in a significant increase in the shipment volume of power batteries and energy storage batteries compared to the same period last year, with energy storage product shipments experiencing a substantial leap, driving the group's sales revenue to increase significantly compared to the same period last year; and (2) With the gradual emergence of economies of scale and continuous strengthening of cost control, the group's expense ratio during the reporting period significantly decreased compared to the same period last year.