Jiangsu Zenergy Battery Technologies Expects Net Profit Surge for First Half of 2025, Reversing Last Year's Losses
Reuters
Jul 31
Jiangsu Zenergy Battery Technologies Expects Net Profit Surge for First Half of 2025, Reversing Last Year's Losses
Jiangsu Zenergy Battery Technologies Group Co. Ltd. has issued a positive profit alert, indicating a significant financial turnaround for the first half of 2025. The company expects to report a net profit between RMB198 million and RMB243 million for the six months ended June 30, 2025, compared to a net loss of approximately RMB130 million during the same period last year. This improvement is attributed to the mass production of multiple vehicle models that utilize the company's EV batteries, leading to a substantial increase in shipment volume and revenue. Additionally, the company has focused on quality improvement and efficiency enhancement, resulting in a higher gross profit margin compared to the previous year. The detailed interim results are anticipated to be released by the end of August 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
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