According to EnergyTrend, Zhiguang Electric has recently released a series of announcements, including its 2025 annual report and a draft material asset restructuring plan.
Zhiguang Electric disclosed that its energy storage business has become the company’s core main business, and it plans to acquire the remaining equity to achieve full ownership of Zhiguang Energy Storage.
Return to Profitability in 2025
On April 14, Zhiguang Electric released its 2025 annual performance announcement. In 2025, the company achieved operating revenue of RMB 3.822 billion, a year-on-year increase of 47.25%; net profit attributable to shareholders of RMB 136 million, up 141.51% year-on-year, marking a return to profitability.
Notably, during the reporting period, Zhiguang Electric’s energy storage business delivered outstanding performance, with its revenue share exceeding 55% for the first time, and newly signed annual orders surpassing RMB 3 billion.
In 2025, Zhiguang Electric adhered to its strategy of "large-scale development of energy storage". Its subsidiary, Zhiguang Energy Storage, achieved remarkable results: revenue from equipment sales and system integration reached RMB 2.093 billion, a year-on-year increase of approximately 96.90%; net profit reached RMB 140 million, up roughly 233.33% year-on-year.
In terms of technological R&D, Zhiguang Electric launched its third-generation cascaded high-voltage direct-connected large-capacity energy storage system, with a maximum single-unit power capacity of 100MW and a charge-discharge cycle efficiency of over 91%. At present, the annual production capacity of Zhiguang Electric’s large-scale energy storage systems has reached 15GWh.
In its 2025 annual report, Zhiguang Electric also clarified its 2026 business objectives and key priorities:
Proposed Acquisition of Remaining Stake in Zhiguang Energy Storage
Concurrently with the release of the annual report, on April 15, Zhiguang Electric announced an abstract of its asset restructuring draft.
Zhiguang Electric intends to purchase the remaining 27.18% equity of Guangzhou Zhiguang Energy Storage Technology Co., Ltd. (“Zhiguang Energy Storage”) through a combination of share issuance and cash payment, with a transaction consideration of RMB 776 million. Prior to the transaction, the company held a 66.82% stake; upon completion, it will achieve full ownership (excluding changes in other minority shareholders). Based on the valuation date of December 31, 2025, the 100% equity of Zhiguang Energy Storage is valued at RMB 2.854 billion.
Meanwhile, Zhiguang Electric plans to raise supporting funds of no more than RMB 537 million, which will be mainly invested in projects including the expansion of energy storage PACK production lines, R&D of solid-state transformer (SST) products, and the construction of a high-power power electronics laboratory.
Source：EnergyTrend