Diversified Layout Strengthens Development Foundation: SSE STAR Market's New Energy Companies Release New Momentum

Translated from Shanghai Securities News—www.cnstock.com, He Xinyi

On May 9, the collective performance briefing for the new energy sector of the SSE STAR Market was held, where executives from seven listed companies, including Pylon Technologies Co., Ltd. and Guangdong Lyric Robot Automation Co., Ltd., addressed investors' concerns regarding company operations, development achievements, and strategic layouts.

The new energy industry on the SSE STAR Market has formed a complete ecosystem and is accelerating its iteration towards intelligence and globalization. By early 2025, over 20 companies on the SSE STAR Market have rooted themselves in key segments of the lithium battery, photovoltaic, and hydrogen energy industries, with companies like Jinko Solar Co., Ltd., Ningbo Ronbay New Energy Technology Co., Ltd., and Pylon Technologies Co., Ltd. leading in global market share. More than 30 companies are exploring the "new energy +" model for integrated applications in smart grids, high-end equipment, and electric vehicles, extending the value of the industry chain.

Industry leaders are showcasing their strengths. Pylon Technologies Co., Ltd. has focused on lithium iron phosphate battery storage for over a decade. The company’s director and president, Tan Wen, noted that expanding storage scenarios will continue to drive performance, with plans to enhance home storage product performance and services in 2025. Guangdong Fangyuan New Materials Group Co., Ltd. has deepened its expertise in lithium-ion battery cathode materials, achieving industrialization of its new lithium extraction process in 2024, gaining recognition from companies like BYD, and successfully transitioning from a reliance on a single major client and product to a diversified business model.

Companies upstream in the supply chain are also performing well. Guangdong Leary New Material Technology Co., Ltd. reported revenue of RMB 526 million in 2024, a year-on-year increase of 19.95%, with net profit growing by 27.69%, thanks to strong contributions from its new energy materials. Its functional coated adhesive films and battery foil business are continuously expanding into emerging fields such as automotive electronics and solid-state batteries. Dalian Haosen Intelligent Manufacturing Co., Ltd. is leading in intelligent production line technology for new energy vehicles, with overseas orders accounting for over 50% of its business in 2023-2024, particularly thriving in the European market and showing significant potential in emerging markets.

Amid the wave of intelligence, new energy companies are actively pursuing new scenarios. Hangzhou HopeChart IoT Technology Co., Ltd. integrates technology deeply with new energy commercial vehicles, achieving revenue of RMB 523 million in 2024, a year-on-year growth of 27.81%, with its T-BOX products holding a substantial share in the new energy logistics vehicle supply. The company expects significant growth in its smart cockpit and other businesses this year, while also incorporating overseas business expansion into its development strategy, actively developing products tailored to overseas market demands, and exploring international markets.

The above information is provided for reference purposes only and does not constitute investment advice.