According to EnergyTrend, on April 9, Highpower Technology released an investor relations announcement disclosing its Q1 operating performance, energy storage business progress, and other key information.
Regarding its Q1 operations, Highpower Technology stated that the company maintained a steady operating trend with normal overall performance and orderly progress in core businesses. Market orders and deliveries proceeded as scheduled. Driven by strong downstream demand, the company’s energy storage segment operated at full capacity utilization in the first quarter.
Highpower Technology noted that in 2025, the company continued to implement its key account strategy. Leveraging its product and technological innovation advantages, it expanded its customer base and increased market share, resulting in healthy growth in overall shipment volume.
In terms of financial performance, the company achieved revenue of 5.867 billion yuan in 2025, a year-on-year increase of 14.84%. Net profit attributable to shareholders reached 203 million yuan, up 122.54% year on year.
Among these, the company’s energy storage business generated revenue of 650 million yuan in 2025, surging 251.63% year on year. Going forward, as production capacity continues to ramp up, economies of scale will become more pronounced, and both the revenue share and gross margin of the energy storage business are expected to improve further. The company has clearly positioned energy storage as a strategic growth engine to drive future expansion.
In addition, Highpower Technology plans to raise 800 million yuan for capacity construction, of which 400 million yuan will be allocated to energy storage projects. Specific capacity implementation schedules are subject to the company’s official announcements. Upon full completion and production, the project will achieve an annual energy storage cell capacity of approximately 3 GWh.
Source：EnergyTrend