Haopeng Technology's profits surge by 122.54% in 2025, with nearly 1.4 billion yuan invested in R&D over five years, resulting in 1,180 authorized patents.

Yangtze Business Daily news ●Yangtze Business Daily reporter Zhang Lu

Backed by a dual-engine strategy driven by AI on-device capabilities and the energy storage business, HOPU Technology (001283.SZ) saw a leap-forward increase in its operating performance in 2025.

Recently, HOPU Technology disclosed its 2025 annual report. In 2025, the company achieved revenue of RMB 5.867 billion, up 14.84% year over year; net profit attributable to shareholders of RMB 203 million, up 122.54% year over year; and non-recurring items net profit attributable to shareholders of RMB 193 million, with an even higher year-over-year increase of 158.95%. The quality of earnings achieved a qualitative leap.

Yangtze Business Daily reporter notes that, as a high-quality company that has been deeply cultivating the battery industry for many years, HOPU Technology has always upheld innovation-driven development. From 2021 to 2025, the company’s cumulative R&D investment reached RMB 1.389 billion, and the proportion of R&D spending to revenue remained steadily at 5.4% or above each year.

Sustained, high-intensity R&D investment has enabled the company to accumulate technical know-how in areas such as solid-state batteries, high-energy-density small batteries, power supplies for AI wearable devices, energy storage batteries, and more. By the end of 2025, the company had obtained 1,180 authorized patents, including 264 invention patents, and its technical barriers have continued to be strengthened.

Net profit attributable to shareholders grew 122.54% in 2025

Public information shows that HOPU Technology was established in 2002. The company focuses on R&D, design, manufacturing, and sales of lithium-ion batteries and nickel-metal hydride batteries. It is an enterprise with independent R&D capabilities and strong overall competitiveness in global markets, able to provide customers with flexible, reliable, one-stop power supply solutions. In September 2022, the company successfully listed on the Main Board of the Shenzhen Stock Exchange, officially entering a new stage of development in the capital market.

Over the three years since listing, HOPU Technology’s performance has experienced phased fluctuations and adjustments. Data from its financial reports show that from 2022 to 2024, the company achieved revenue of RMB 3.506 billion, RMB 4.541 billion, and RMB 5.108 billion, respectively, with year-over-year growth rates of 5.65%, 29.53%, and 12.5%. In the same period, net profit attributable to shareholders was RMB 159 million, RMB 50 million, and RMB 91 million, respectively, with year-over-year changes of -37.32%, -68.39%, and 81.43%. Overall, it followed a trajectory of “first bearing pressure, then recovering.”

Stepping into 2025, HOPU Technology reached a performance turning point. The annual report shows that for the full year, the company achieved revenue of RMB 5.867 billion, up 14.84% year over year; net profit attributable to shareholders of RMB 203 million, up significantly 122.54% year over year; and non-recurring items net profit attributable to shareholders of RMB 193 million, with a year-over-year increase as high as 158.95%. Its profitability clearly recovered and reached new highs again.

Regarding the reasons for the substantial growth in performance, HOPU Technology said that it is firmly advancing its “All in AI” strategy and comprehensively deploying into AI on-device hardware application fields. On the one hand, based on forward-looking R&D and stable delivery capabilities, the company continues to drive battery technology iteration and product-structure upgrades, focusing on leading strategic key customers and converting its technological advantages into improved market share and profitability levels in a tangible way. On the other hand, as the company completes capacity integration and unified management, the scale effects gradually emerge, and operating efficiency keeps improving.

Yangtze Business Daily reporter notes that in the overall performance structure of HOPU Technology in 2025, the rapid rise of the energy storage business has become the most emblematic transformation highlight. The annual report shows that in the company’s energy-storage application scenario new-energy solution products, revenue reached RMB 650 million, up significantly 251.63% year over year. Gross margin moved from negative to positive at 5.77%, indicating that the energy storage business has initially entered an earnings-release period and has become an important source of incremental revenue for the company.

Meanwhile, its traditional consumer battery business continues to develop steadily. The financial report shows that in 2025, revenue from the company’s consumer-application scenario new-energy solution products was RMB 5.064 billion, up 4.06% year over year. The share of total revenue fell from 95.26% in the prior year to 86.32%, making the business structure more balanced. What is worth noting is that HOPU Technology achieved an important breakthrough in solid-state battery R&D. Related solid-state battery samples have been successfully applied in emerging terminal scenarios such as AI wearable devices and robots, opening up space for subsequent product upgrades.

Plans to raise and use no more than RMB 800 million for battery business expansion

While continuously optimizing its financial structure, HOPU Technology has always placed technological innovation at the core of its development. In recent years, the company has continued to increase R&D investment, focusing on cutting-edge industry technologies and product iteration, continuously breaking through key technical bottlenecks, and building a solid core technology moat.

Yangtze Business Daily reporter notes that in terms of R&D investment, the company has consistently maintained a high level of commitment. The financial report shows that from 2021 to 2025, HOPU Technology’s R&D spending was RMB 181 million, RMB 215 million, RMB 333 million, RMB 318 million, and RMB 342 million, respectively. Cumulative investment over the five years totaled RMB 1.389 billion; the proportion of R&D spending to total revenue in each period was 5.44%, 6.13%, 7.34%, 6.22%, and 5.83%, respectively, indicating ongoing improvement in the R&D system.

Backed by a specialized R&D team and a mature innovation system, HOPU Technology has accumulated a wealth of technical achievements. As of December 31, 2025, the company had cumulatively obtained and maintained a total of 1,180 authorized and valid patents, including 264 valid invention patents in China and abroad, 843 utility model patents, and 73 design patents. Its technical reserves and innovation capability have continued to rise steadily.

In addition, in terms of capacity expansion and capital operations, the company closely follows the market demand cycle and continues to push fundraising and capacity-expansion projects to implementation. During the 2022 IPO stage, HOPU Technology actually raised a net amount of RMB 943 million, mainly used for the construction project of the Guangdong HOPU New Energy R&D and production base (Phase I) and the R&D center construction project.

In 2023, the company issued convertible corporate bonds again, “HOPU Convertible Bonds.” The raised funds were RMB 1.081 billion, continuing to be invested in the above-mentioned new energy R&D and production base construction projects, further strengthening the capacity foundation.

Recently, HOPU Technology disclosed a proposal for the issuance of A-shares to specific targets for the year 2026. The company plans to raise funds of no more than RMB 800 million, and after deducting issuance expenses, all of it will be used for the “Energy Storage Battery Construction Project” and the “Steel Shell Stacked Lithium Battery Construction Project.”

Industry insiders say that this capacity expansion will not only help ease HOPU Technology’s pressure on energy storage capacity, but also seize strategic opportunities brought by the rapid development of AI on-device equipment, opening up space for long-term growth.

Editors: ZB

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