On August 25, Veken Technology Co., Ltd. (Shanghai Stock Exchange: 600152.SH) released its 2026 interim report, disclosing that in the first half of the year it achieved operating revenue of RMB 837.759 million, up 31.35% year on year; non-recurring net loss attributable to shareholders narrowed 26.81% to RMB -38.9047 million; the energy storage battery business generated revenue of RMB 54.3619 million, up 321.46% year on year, the fastest-growing segment of the company.
According to the report, the sodium-ion business, as a second growth curve the company is cultivating, achieved substantial progress across multiple storage projects: delivery of the 50 MW/200 MWh project with Caiyue Energy, the 10 MWh project with Benan Energy and other domestic large-scale energy storage projects, plus a 30 MW autonomous-rate sodium-ion project for thermal-storage frequency regulation. In special-storage scenarios, sodium-ion products for distribution-area storage and high-cold unmanned base stations completed batch delivery verification; the Iron Tower WT50 series passed pilot testing, opening a new value track for communication backup power.
In the sodium-ion starter battery direction, the company completed the full-series development of E, HB and UB products and is conducting verification through Southeast Asia overseas channels in preparation for subsequent large-scale shipments. On the R&D side, the company's R&D expenses in the first half totaled RMB 59.5067 million, and the sodium-ion product matrix now includes the HT170 high-temperature, HR50 high-rate, SH50 high-safety and WT50 wide-temperature-series products. In terms of capacity, the company has built two fully automated sodium-ion production lines at its Nanchang base; the Nanchang base line upgrade was officially launched on May 29, with the phase-II project covering sodium-ion line expansion and Veken line upgrade (per company disclosure).
In addition, the company is planning a non-public offering of no more than RMB 500 million to its controlling shareholder Veken Holding for working capital supplementation, with a focus on sodium-ion battery and other emerging strategic businesses. On the objective side, the company's energy storage battery business has a gross margin of -13.12%, and the operating entity Nanchang Veken Battery posted a net loss of RMB 21.6911 million in the first half; the interim report also explicitly stated that sodium-ion batteries are in the production ramp-up stage with relatively high BOM and production costs.