Xinpu, Shunda, and AES-KY simultaneously announced September revenue

Today, major battery module manufacturer Xinpu (6121), Xinpu subsidiary AES-KY (6781), and another major manufacturer Shunda (3211) that has entered the BBU (battery backup power module) market all announced September revenue. Among them, Xinpu and Shunda's September revenue both decreased by double digits monthly and year-on-year, but AES-KY's revenue increased in both September and the first nine months.

Xinpu's revenue in September was 6.047 billion yuan, a monthly decrease of 10.44% and an annual decrease of 20.6%. The cumulative revenue in the first nine months was 59.292 billion yuan, an annual increase of 1.53%. Xinpudan’s cumulative revenue in the third quarter was 19.903 billion yuan, a quarterly decrease of approximately 5% and an annual decrease of 2%. Simpu focuses on consumer electronics batteries such as NB as the core of its operations. The research agency DIGITIMES has recently predicted that due to the continued increase in the cost of memory and other components, brand manufacturers will stock up in advance in the second quarter, which will suppress the momentum in the second half of the year. Shipments may continue to decline in the third and fourth quarters, affecting the operational performance of the supply chain.

AES-KY also announced today that its revenue in September was 1.760 billion yuan, a monthly increase of 0.54% and an annual increase of 25.47%. The cumulative revenue in the first nine months was 14.572 billion yuan, an annual increase of 26.28%. AES-KY has benefited from the growth in BBU demand driven by AI data centers in recent years, and its monthly operations this year have continued to hit highs. The legal person believes that the scale of the AI ​​server market will continue to expand, the demand for BBU will also continue to increase, and AES-KY's overall revenue and the proportion of BBU revenue are expected to continue to grow.

Shunda's revenue in September was 776 million yuan, a monthly decrease of 53.72% and an annual decrease of 34.05%; the cumulative revenue in the first nine months was 10.517 billion yuan, an annual increase of 13.89%. In recent years, Shunda has continued to reduce the proportion of IT business revenue including NB batteries and increase the proportion of non-IT businesses such as BBU. The company recently predicted that the proportion of non-IT revenue in the second half of the year is expected to exceed 50% of the total, and BBU revenue in the second half of the year and next year is expected to continue to increase rapidly.