Recently, six major energy storage enterprises—Great Power, Ganfeng Lithium, Gotion High-Tech, Zhiguang Electric, Clou Electronics, and Desay Battery—have successively disclosed their performance forecasts for the first half of 2026.
Great Power
On the evening of July 15, Great Power released its performance forecast for the first half of 2026, predicting that its net profit will be positive and that it will successfully achieve a turnaround from losses to profits.
Specifically, the net profit attributable to shareholders of the listed company in the first half of 2026 is expected to be 800 million to 866 million yuan, compared with a net loss of 88.2267 million yuan in the same period last year. The net profit after deducting non-recurring gains and losses is expected to reach 792 million to 856 million yuan, compared with a loss of 159 million yuan in the prior-year period.
The company stated that the turnaround was primarily driven by positive industry trends, robust production and sales of its products, an increase in sales orders, and corresponding revenue growth.
Ganfeng Lithium
On the evening of July 14, Ganfeng Lithium released its performance forecast for the first half of 2026, projecting a massive surge in net profit. The net profit attributable to shareholders of the listed company in the first half of 2026 is expected to be 3.65 billion to 4.6 billion yuan, representing an outstanding year-on-year increase of 787.07% to 965.9%. Meanwhile, its net profit after deducting non-recurring gains and losses is expected to be 3.0 billion to 4.2 billion yuan, representing a year-on-year increase of 428.64% to 560.1%.
Regarding the reasons for this performance change, Ganfeng Lithium explained that during the reporting period, benefiting from the rapid development of the global new energy industry and growing demand for lithium salt from downstream clients, the selling price of the company's lithium salt products rose significantly compared to the same period last year. At the same time, with the gradual release of capacity from its lithium resource projects, the company's cost structure was effectively optimized. Compounded by the continuous growth in demand within the energy storage market, the production and sales volume of the lithium battery segment increased significantly, jointly driving the year-on-year growth of the company's operating performance.
Furthermore, during the reporting period, to optimize its asset structure and strengthen cash management, the company divested a portion of its shares in PLS Group Ltd (PLS) and recognized corresponding investment income. Additionally, investment income from associates and joint ventures also increased, further boosting the company's profits for the current period.
Gotion High-Tech
On the evening of July 14, Gotion High-Tech released its performance forecast for the first half of 2026, predicting substantial growth in its first-half results. According to the performance forecast, the net profit attributable to shareholders of the listed company in the first half of 2026 is expected to reach 1.2 billion to 1.55 billion yuan, up 227.31% to 322.77% year-on-year. The net profit after deducting non-recurring gains and losses is expected to be 85 million to 120 million yuan, representing a year-on-year growth of 16.65% to 64.68%.
For the reasons behind this growth, Gotion High-Tech stated that during the reporting period, the company accelerated the industrialization of its research and development achievements, promoted product iterations and upgrades, optimized its customer structure, and strengthened market expansion both domestically and internationally. Consequently, its market share steadily increased, driving robust and stable growth in performance.
Zhiguang Electric
Zhiguang Electric expects that the net profit attributable to shareholders of the listed company in the first half of 2026 will be 36 million to 54 million yuan, representing a year-on-year increase of 165.28% to 197.91%. Its net profit after deducting non-recurring gains and losses is expected to be 34 million to 51 million yuan, representing a year-on-year increase of 161.70% to 192.55%.
During the reporting period, the company's performance successfully turned from a loss to a profit compared to the same period last year. The primary reason is that the company's revenue in the first half of the year grew substantially compared to the prior year, leading to a corresponding significant increase in gross profit.
Clou Electronics
On the evening of July 14, Clou Electronics released its semi-annual performance forecast. In the first half of 2026, the company expects its revenue to reach 2.1 billion to 2.3 billion yuan, with the net profit attributable to the parent company expected to be a loss of 180 million to 260 million yuan, representing a year-on-year decline of 194.7% to 236.78%. The net profit after deducting non-recurring gains and losses is projected to be a loss of 190 million to 270 million yuan, representing a year-on-year decline of 231.99% to 287.57%.
During the reporting period, the company's revenue declined year-on-year due to factors such as delivery delays of certain overseas energy storage projects and previous market ban measures. This was compounded by intensifying industry competition and rising prices of raw materials such as lithium iron phosphate (LFP) cells, putting pressure on and leading to a decline in overall gross profit margin. At the same time, the depreciation of the US Dollar and the Egyptian Pound led to increased foreign exchange losses, resulting in a year-on-year increase in financial expenses.
In addition, the company accrued an asset impairment provision of approximately 25 million yuan due to the classification of the Guangming Smart Energy Industrial Park assets as held-for-sale. Combined with the operational pressure and tight cash flow of its associate company Chedianwang (Car Electricity Network), the company also made impairment provisions for related long-term equity investments, further impacting current-period performance.
Desay Battery
On the evening of July 13, Desay Battery announced that the company expects its net profit attributable to the parent company in the first half of 2026 to be 197 million to 220 million yuan, representing a year-on-year increase of 101.96% to 125.54%. Its net profit after deducting non-recurring gains and losses is expected to be 165 million to 185 million yuan, up 148.59% to 178.73% year-on-year.
Desay Battery's performance for the first half of 2026 increased significantly compared to the same period last year, mainly because the company's two strategic emerging businesses—energy storage cells and System-in-Package (SIP)—performed strongly during the reporting period. The energy storage cell business possessed sufficient orders and maintained a high capacity utilization rate, resulting in a significant improvement in operations and a successful turnaround from losses to profits. Meanwhile, the gross profit margin of the SIP business increased, with profitability continuing to optimize.
Source：EnergyTrend
