On August 31, Zenergy Battery Technology Co., Ltd. (03677.HK) disclosed its H1 2026 interim results announcement on the Hong Kong Stock Exchange: first-half revenue of RMB 5.438 billion, up 71.4% year-on-year, and net profit of RMB 372 million, up 68.6%. Within this, the polyanionic sodium-ion battery business recorded sales revenue of RMB 15.1 million in H1, up 276.6% year-on-year; according to the disclosure, products in this business are mainly exported to the EU market, and their high-rate discharge characteristics precisely suit AIDC (AI data center) backup power, peak shaving and other application scenarios.
Looking at the company's overall business structure, Zenergy ranked fifth in domestic power battery installations in H1, and its energy storage battery business posted revenue of RMB 592 million, up 799.1% year-on-year, with 314Ah cells serving as the global mainstream supply spec for household storage; customers include Deye and Toyota, while the 235Ah and 588Ah large-capacity cells are scheduled for scale sales in H2. In addition, the company's hundred-MWh-class solid-state battery pilot line is expected to be completed in H2. On the sodium-ion side, Zenergy adopts a polyanionic technology route; the RMB 15.1 million H1 revenue remains a small share (about 0.3%) of its RMB 5.438 billion total revenue, but the 276.6% year-on-year growth indicates that its sodium-ion products have moved from sample validation into volume delivery, with exports to the EU as the main sales channel.
: the RMB 15.1 million base is small, and the high growth rate partly reflects a low-base effect - it does not indicate that the sodium business has become a material revenue line; the revenue figures are company-disclosed; the polyanionic route emphasizes cycle life and safety over energy density, and its EU export orientation relates to local household-storage and backup power demand structures.