REPT BATTERO (00666) surged nearly 7% again. As of press time, the stock rose 4.69% to HK$13.62, with a turnover of HK$159 million. On the news front, recent research findings revealed that energy storage battery cell order demand has surged dramatically for companies including EVE Energy, Sunwoda, REPT BATTERO, and Narada Power Source, with production lines continuing to operate at full capacity. In the first half of the year, REPT BATTERO's sales of both energy storage batteries and power batteries exceeded the same period last year, with power battery shipments reaching 13.53GWh, representing a year-on-year increase of 78.5%. Energy storage battery shipments reached 18.87GWh, up 119.3% year-on-year, with energy storage battery revenue accounting for 58.4% of total revenue, becoming the company's largest revenue source. CITIC Securities issued a research report stating that the energy storage industry has attracted high market attention recently due to robust overseas demand, price recovery, confirmation of inflection point signals, and the new energy storage "doubling plan" providing continuous support for installations. From a medium-term perspective, with the acceleration of power market reform, energy storage is transitioning from a cost center to a profit center, and the continuous improvement of capacity compensation mechanisms further provides a profit "safety net" for energy storage. From a long-term perspective, the construction of capacity market mechanisms will effectively plan installations for various market participants including energy storage, clarify revenue expectations, and may become the next key direction for power market reform. The firm believes that capacity markets, as an effective supplement to the power trading system, should be prepared in advance.