According to EnergyTrend, on March 24, Narada Power Co., Ltd. issued an announcement stating the termination of the planned transfer of 100% equity in Anhui Huabo Renewable Resources Co., Ltd., its wholly-owned subsidiary, at a consideration of CNY 1.415 billion.
The announcement revealed that the termination was due to phased changes in the recent market environment and fund preparation. All parties, considering the actual operational development, reached a unanimous agreement to terminate the transaction through negotiation. This matter will not have a material adverse impact on the company's production and operation or financial status.
Public information shows that Huabo Renewable Resources is mainly engaged in lead recycling business, which has weak synergy with Narada Power's core lithium-ion energy storage business currently focused on. Moreover, the company has recorded operating losses in recent years. Narada Power had previously planned to optimize its industrial structure and focus on its core energy storage business by transferring this subsidiary. After the termination of the transaction, its subsequent disposal plan remains unclear.
Recently, Narada Power has continued to advance its layout in the energy storage sector. On March 23, the company announced the successful signing of an order for a 117MWh energy storage project in the Northern Territory of Australia, which will adopt the company's independently developed Center L Plus 5MWh liquid-cooled energy storage system.
In late February, the company secured an order for a 1.5GWh standalone energy storage project in Jiuquan, Gansu Province. The project plans to construct a lithium iron phosphate electrochemical standalone energy storage power station, which will become a large-scale standalone energy storage benchmark project in Northwest China upon completion.
In addition, Narada Power has continued to invest in technological research and development. In October last year, the company showcased two energy storage systems: the Center L Ultra 6.25MWh and the Center L Max 8.338MWh. Among them, the Center L Ultra 6.25MWh energy storage system is expected to be delivered globally in January 2026.
In terms of performance, Narada Power projects its 2025 operating revenue to be between CNY 7 billion and CNY 8 billion, a slight decrease from the previous year. It is expected to record a net loss attributable to shareholders of CNY 890 million to CNY 1.25 billion, with the loss margin narrowing compared to the prior year.
Notably, the company's business structure has been continuously optimized. In 2025, the revenue share of the recycled lead business has dropped from over 40% to approximately 15%, while the revenue share of the energy storage business has risen to about 75%. Lithium-ion energy storage has become the core pillar of the company's revenue. Going forward, with the company's continued focus on its core energy storage business and the implementation of project orders, its industry competitiveness is expected to be further enhanced.
Source：EnergyTrend
