Shenzhen Hello Tech Energy Co. Ltd. A

Hua Bao New Energy released its 2026 semi-annual report, achieving operating revenue of 2.206 billion yuan during the reporting period, up 34.71% year on year, with a comprehensive gross margin of 40.59%. Although profit was pressured by foreign exchange effects, core business remained steady, with European market revenue up 123.15% year on year and North American market revenue up 39.13%, and business now covering more than 50 countries and regions worldwide. The company's first-half research and development expenses rose 61.18% year on year, and it launched new products including the SolarVault 3 series, with core emergency backup power product revenue exceeding 350 million yuan and cumulative sales of the SolarVault 3 series approaching 20,000 units. Looking ahead to the second half of the year, the company expects cost pressure to ease as overseas production capacity is put in place and cost reduction and efficiency improvement deepen.