2026 H1 Net Profit Expected to Surge 10-Fold! Why Penghui Energy?

After market close on July 15, Penghui Energy (300438.SZ) disclosed the performance forecast for the first half of 2026. The company expects net profit attributable to shareholders of the parent company to be between 800 million yuan and 866 million yuan in the first half of the year. In the same period of the previous year, there was a loss of 88.2267 million yuan, achieving a turn from loss to profit year-on-year. Deducted net profit is expected to be between 792 million yuan and 856 million yuan, with a loss of 159 million yuan in the same period of the previous year.

Performance Explodes Both YoY and QoQ: From Quarterly Loss43 Million to Quarterly Net Profit Over 500 Million

A year apart, an ocean of difference. In the first half of 2025, Penghui Energy was still struggling in the mire of an 88.22 million yuan loss; in the first half of 2026, the company's net profit is expected to reach between 800 million yuan and 866 million yuan—an absolute improvement of over 900 million yuan, achieving a stunning reversal with a YoY growth of over 1000%!

Entering 2026, Penghui Energy's performance shows an accelerating explosive trend quarter by quarter!

In Q1 2026, the company's revenue was 4.768 billion yuan, surging 182.14% YoY; net profit attributable to shareholders was 323 million yuan, surging 819.09% YoY, with single-quarter net profit already exceeding the total for the full year 2025.Entering Q2, the company expects net profit to reach 477 million yuan to 543 million yuan, increasing up to 67% QoQ compared to Q1. Compared to the loss of 43.24 million yuan in Q2 2025, the single-quarter YoY improvement is as high as 12 times.

From losing 43 million in a single quarter to earning over 500 million in a single quarter, Penghui Energy took only one year. This battery company, deeply rooted in the lithium industry for 25 years and the energy storage sector for 15 years, is realizing profit elasticity at an astonishing speed.

Energy Storage Sector Remains Highly Prosperous, Penghui Products See Strong Production and Sales

Regarding the reason for the significant growth in performance, the company stated in the announcement that it was mainly due to 'the industry is improving, the company's products are in high demand with strong production and sales, sales orders increased, and operating revenue grew'.

From an industry perspective, energy storage has evolved from a 'transient windfall' to 'the most certain industrial wave of the next decade'.

With the global energy transition advancing in depth, especially under the surge in computing power demand driven by AI (Artificial Intelligence) large model training, the hot trend of new energy storage technologies aimed at creating 'safer, more durable, and more economical' continues to heat up. Electrochemical energy storage, as the dominant force in current new energy storage, sees the global market size experiencing high explosive growth. Downstream scenarios such as independent energy storage, household energy storage, and AIDC have explosive demand, with both domestic and international energy storage battery demand surging. Liquid lithium-ion batteries, relying on high energy density and mature industrial chains, dominate the electrochemical energy storage market, accounting for over 96% in new energy storage. According to SPIR statistics, global lithium-ion energy storage cells reached 523.6 GWh in the first half of 2026, up 70% YoY; SPIR revised the global lithium-ion energy storage battery shipment forecast for 2026 to 1263 GWh, with YoY growth expected to reach 100%.

Main reasons are: 1) China export tax rebate policy adjustment: China's energy storage lithium battery export tax rebate decreases, and the second half of 2026 sees a 'rush to install' effect in exports; Domestic China independent energy storage market rush: Independent energy storage subsidy policies in various provinces are expected to decrease in 2027, making the rush effect of independent energy storage projects in 2026 obvious;

2) US AIDC (AI Data Center) energy storage demand exceeds expectations: Driven by AI computing power, energy storage installation volume in data centers grows significantly;

3) EU New Battery Act implementation is imminent: The EU lithium battery market will implement a new battery act in 2027, requiring carbon footprint life cycle tracking, significantly increasing market entry barriers and compliance costs, resulting in a 'rush to install' trend for early layout in 2026.

Penghui Energy, as one of the earliest battery enterprises to enter the energy storage industry domestically, fully benefited from this round of prosperity upturn. In terms of products, Penghui Energy has built full-scenario coverage of new energy storage such as power grid storage, industrial and commercial storage, household storage, portable storage, and AIDC.

Among them, the main promoted Fengpeng 588Ah/587Ah wound energy storage big cells, comprehensively improving safety, cycle, and efficiency performance, are expected to start production in the second half of 2026; The Hanhai 85Ah high-rate cell facing AIDC energy storage, 10C discharge, peak 12C, millisecond-level response, pulse cycle over 60000 times, supports minute-level high-power backup power. Samples sent in April 2025, high customer recognition, orders continue to increase.

In the market side, The company has already established a leading top market position in multiple niche tracks such as emergency battery high-rate battery/household storage battery/industrial and commercial energy storage battery,Additionally, according to SPIR data, Penghui Energy ranks in the top 8 of global lithium-ion energy storage cell shipments in the first half of 2026, with the ranking proportion significantly increased compared to 2025.

Globalization Accelerates: Targeting Overseas Niche Areas TOP1TOP1

Behind the high performance growth is the accelerated implementation of Penghui Energy's globalization strategy.

Just the day after the performance forecast was released (July 16), Penghui Energy held the 2026 Global Partner Conference in Changlong, Guangzhou, inviting over 500 global partners to gather in Guangzhou. The theme of the conference was 'Work Together, Win the Future' — this is not only Penghui Energy's response to the times, but also a call to global partners.

Penghui Energy Chairman and Founder Xia Xinde at the conference venue

President Zhen Shaoqiang stated at the conference that the company is comprehensively advancing the 'Overseas Leap' strategy and has established ten overseas offices globally. From a specific layout perspective, Penghui Energy has overseas branches in key energy storage markets such as the US, Germany, Japan, Singapore, and India, with globalization service networks and localized operation capabilities becoming increasingly mature.

In 2025, the company's overseas large energy storage performance achieved breakthrough growth, with high customer recognition. Entering 2026, overseas large energy storage orders achieved significant growth, with multiple global benchmark large energy storage projects landing successively. In 2026, Penghui Energy's overseas market performance maintains a high growth trend.The company's goal is to target TOP1 in more overseas niche areas.

Frontier Technology Layout Leads, Solid State/Sodium Battery Mass Production Imminent

As Penghui said, its advantage is more prominent in the comprehensiveness of products.

Besides lithium battery products, Penghui's forward-looking layout in the solid-state and sodium battery fields is even more its main confidence in facing the industry cycle.

Regarding solid-state batteries, Penghui adopts the oxide technology route. In its view, oxide solid electrolytes have advantages of good structural stability, high thermal stability, and good chemical stability. Most importantly, it has low cost and is easy to prepare in large batches, which is one of the reasons Penghui chose this route.

Last year, Penghui has built a pilot line for solid-state batteries. The newly developed oxide route solid-state batteries have an energy density of ≥360Wh/kg, operating temperature range between -20°C~85°C, and passed needle puncture tests. Future application mainly targets high-end application fields with strict requirements for safety, temperature resistance, and range.

Regarding sodium batteries, Penghui Energy believes that sodium batteries have good cost competitiveness and rich commercial application potential, and are expected to become an important technology choice in the energy storage field along with lithium batteries in the future.

Penghui Energy started sodium battery technology research in 2019, laying out two major technology routes of layered oxides and polyanions. It officially entered the commercial stage in 2023 and is also one of the first units in the country to pass sodium ion battery evaluation. On the product level, Penghui Energy created a 180Ah square sodium battery product for energy storage applications. The product's 0.5P energy efficiency level is ≥95.5%, cycle life can reach 10000 times, and it has passed safety regulations tests such as needle puncture, highly adapting to energy storage needs.

On the project level, Penghui Energy has successfully landed the Qingdao North Bank 5.39MWh sodium-ion energy storage project. Currently, grid connection is completed, and it is operating normally.

From Price Competition to Value Competition, Penghui Transcends Industry Cycle with Ecological Win-Win

At the partner conference on July 16, Penghui Energy Chairman Xia Xinde expressed sincere respect to global partners, thanking partners of all sectors for accompanying each other and walking through the ups and downs of industry development together.

Along with industry development iteration, market competition has completely bid farewell to the extensive era of 'having capacity means having market', and entered a new stage of comprehensive comparison of technology, quality, cost, and service capabilities. Regarding this, Xia Xinde clearly pointed out that enterprises must complete the core transformation from 'price competition' to 'value competition'. However, this upgrade reform cannot be achieved by Penghui Energy alone; it requires upstream and downstream of the industrial chain to conduct synchronous R&D, synchronous technical reform, and synchronous iteration, linking together to tackle various technical difficulties.

Facing global partners, Penghui Energy firmly stated that only with joint innovation can a solid product leadership advantage be built, and only with collaborative upgrades can parallel leading be achieved. In the ever-changing market environment, the enterprise will always walk side by side with partners, empowering customer development with ultimate product strength, and anchoring the certain future of industry development.

Adhering to the development concept of 'The ultimate value of an enterprise does not lie in the accumulation of parameters, but in creating real social benefits', Penghui Energy, which has deepened in the industry for 25 years, growing from traditional battery manufacturing to a globally leading smart energy service provider, has always extended core capabilities based on real industrial needs and planned for long-term development. Therefore, it has achieved breakthrough performance leaps. On the basis of achieving a turn from loss to profit in 2025 full year revenue of 11.944 billion yuan and net profit of 206 million yuan, the first half of 2026 net profit is expected to exceed 800 million yuan, smoothly completing the magnificent leap from 'turning loss to profit' to 'high growth'.

Standing at the midway point of development in 2026, Penghui Energy has always adhered to the corporate mission of 'making safe and stable clean energy affordable for more people', working hand in hand with global partners to deepen value tracks and build industrial ecology together, building long-term development barriers with ecological win-win. Steadily traversing industry cycles and rushing to the deep sea of industrial value, while the bright net profit performance report of over 800 million yuan in half a year is the most powerful proof of strength on the enterprise's long-term development road.