China's Ministry of Industry and Information Technology (MIIT) announced on August 26 that during the 15th Five-Year Plan period, the country will cultivate and build 500 zero-carbon factories, creating replicable and scalable construction models, according to Vice Minister Xin Guobin at a press conference. To address the upcoming wave of large-scale battery retirements, the MIIT will draft relevant administrative regulations and conduct joint law enforcement campaigns to further standardize the recycling order. The ministry will also implement a digital ID management system for power batteries, ensuring traceability of sources and destinations. By 2030, the comprehensive utilization of retired power batteries is targeted to reach over one million tons.
In industry news, GUOFUHEE (02582.HK) issued a profit warning, projecting a net loss attributable to owners of approximately RMB 107 million to RMB 131 million for the six months ended June 30, 2026, representing a 20.18% to 46.88% expansion from the same period in 2025. The company attributed the widened losses to three major factors: exchange rate fluctuations causing foreign exchange losses, the discontinuation of income tax credit policies compared to the prior-year period, and increased research and development expenditures as the company continues to expand its R&D investments.
Cgn Power Co.,Ltd. (003816.SZ) released its 2026 semi-annual report on August 25, posting operating revenue of RMB 31.483 billion, down 2.76% year-on-year, while net profit reached RMB 6.105 billion, up 2.66% from the same period last year.
REPT BATTERO (00666.HK) disclosed its 2026 interim results on the evening of August 26, reporting revenue of RMB 14.916 billion, a 57.2% year-on-year increase, and net profit of RMB 778 million, surpassing its full-year 2025 net profit level. The company attributed the strong performance to continued growth in shipments of power and energy storage batteries. During the first half of 2026, the company sold 42.7 GWh of lithium battery products, up 31.8% year-on-year. Power battery shipments reached 15.5 GWh, up 14.8%, with corresponding revenue increasing 29.8%. Energy storage battery shipments hit 27.2 GWh, up 43.9%, driving revenue growth of 81.5%. As sales scale expands and capacity utilization improves, economies of scale are becoming increasingly evident.
Huadian Liaoning Energy Development Co.,Ltd. (600396.SH) published its 2026 semi-annual report on August 25, showing operating revenue of RMB 2.247 billion, up 11.05% year-on-year, and net profit of RMB 105 million, a 22.06% increase from the prior-year period.
Guangdong Electric Power Development Co.,Ltd. (000539.SZ) also released its 2026 interim report on August 25, recording operating revenue of RMB 26.333 billion, up 13.79% year-on-year, but swinging to a net loss of RMB 546 million, compared to a net profit of RMB 32.4742 million in the same period of 2025.
In international news, according to a report from The Wall Street Journal on August 25, a US government official stated that President Donald Trump has submitted the nuclear agreement reached with Saudi Arabia in July to Congress for review. The official emphasized that Trump continues to uphold the precondition that Saudi Arabia must normalize relations with Israel. The report noted that this move is expected to trigger months of debate among lawmakers, centering on how to promote the development of the US nuclear industry while curbing the proliferation of weapons of mass destruction in the Middle East.