[Hua'an Electric New Energy & Automotive] Hyperstrong business update: H1 2026 results up significantly YoY, Q2 2026 profitability significantly enhanced

English summary

Event: H1 2026 earnings forecast exceeded expectations, profitability significantly improved. The company disclosed that for H1 2026, it expects revenue of RMB 5.6 billion to RMB 6.9 billion, up 23.83% to 52.58% YoY. It expects net profit attributable to parent of RMB 620 million to RMB 700 million, up 96.30% to 121.63% YoY. It expects net profit excluding non-recurring items of RMB 610 million to RMB 700 million, up 134.98% to 169.64% YoY. Q2 2026: We estimate the company will achieve revenue of RMB 4.35 billion, +46.27% YoY; net profit attributable to parent of RMB 455 million, +104% YoY. Profit growth significantly exceeds revenue growth, reflecting the company's accelerated overseas expansion; meanwhile, it has successfully upgraded from a single equipment supplier to an integrated comprehensive energy service provider spanning the entire energy storage lifecycle, gradually releasing the advantages of industrial chain value creation. Q2 2026 shipment breakdown: Estimated Q2 2026 shipments of 12GWh, of which 11GWh domestic, 1GWh overseas; recognized revenue expected at 8GWh+.