According to information from Chuneng.BJX.com.cn, Great Power released its 2024 annual performance report on April 24. During the reporting period, the company achieved operating revenue of 7.961 billion yuan, a year-on-year increase of 14.83%. However, the net profit attributable to the shareholders of the listed company was a loss of 252 million yuan. By the end of the reporting period, the company's total assets amounted to 16.868 billion yuan, a year-on-year increase of 7.66%. The net assets attributable to shareholders of the listed company were 5.088 billion yuan, a decrease of 5.82% compared to the previous year.
The report indicates that the company’s main business focuses on the research, development, production, and sales of lithium-ion batteries, primary batteries, and sodium-ion batteries, which are widely used in energy storage, consumer electronics, power batteries, and other applications. In 2024, the lithium-ion battery business achieved a revenue of 7.363 billion yuan, accounting for 92.50% of the total revenue. The energy storage business continued to lead, with products covering large-scale storage, C&I storage, home storage, and portable storage, which are widely applied in major global markets. The company’s annual energy storage product shipments experienced a significant increase, ranking among the top in global household energy storage battery shipments.
The company made breakthroughs in multiple technological areas. During the reporting period, it launched products such as the Fengpeng 600Ah+ large cell, high-energy Sky drone battery, and the HOME-II large cylindrical series, covering high-power, wide-temperature range, and long-life application requirements. In the field of solid-state batteries, the company’s battery based on composite inorganic ceramic electrolytes has achieved an energy density of 280 Wh/kg, providing high safety and stable operation in a temperature range of -20°C to 85°C. Additionally, the energy density of the sodium-ion battery has reached 150 Wh/kg, with demonstration applications at the 100-megawatt level.
In terms of research and development (R&D) investment, the company spent 397 million yuan on R&D in 2024, accounting for 4.99% of its operating revenue. The company employed 1,279 R&D personnel, accounting for 11.61% of the total workforce. The company continues to advance research on flexible solid-state electrolytes, lithium metal anodes, battery life prediction, and other topics, actively preparing for the next-generation battery technology and expanding new energy application scenarios.
On the global front, the company has set up nine overseas offices in the U.S., Germany, Japan, India, Singapore, Indonesia, and other regions, and is constructing an integration base in Vietnam, steadily expanding its overseas delivery capacity. In 2024, the company’s overseas revenue reached 1.037 billion yuan, accounting for 13.02% of total revenue, with a year-on-year increase of 2.48%.
Despite the fierce competition and downward price pressure in the lithium battery industry, the company remains committed to its strategy of "focusing on energy storage and strengthening energy storage." Through technological innovation, product upgrades, and globalization efforts, Great Power aims to enhance its core competitiveness. The company has stated that it will continue to strengthen its innovation capabilities across the entire value chain, consolidate the foundation of core businesses such as energy storage and power batteries, and steadily advance its sustainable development strategy.
SOURCE: Chuneng.BJX.com.cn
