Kelu Electronics: Revenue of 6.31 billion yuan in 2025, energy storage business grows over 160.74% year-on-year

Sina Technology News, March 20 evening: KoLu Electronics has released its 2025 annual report. The company’s full-year operating revenue first exceeded RMB 6.31 billion, reaching its highest level in recent years; the year-on-year loss in net profit attributable to shareholders of listed companies narrowed, and its profit-making ability has clearly shown a recovery trend. The company is moving from a turnaround from adversity into a new stage of sustainable development.

In terms of business, the explosive growth of the energy storage business has become the core engine driving the company’s revenue to a record high. In 2025, the volume of energy storage system deliveries increased significantly. Full-year energy storage business revenue exceeded RMB 3.797 billion, up more than 160.74% year over year. Yichun’s energy storage base currently has annual production capacity of 12GWh. The construction of an energy storage production base in Indonesia with 3GWh capacity is progressing smoothly. It is expected to be put into operation this year, and the company’s overseas delivery capability will reach a new level.

On the product and technology front, the Aqua-C2.5 next-generation containerized energy storage system, which KoLu Electronics has developed end-to-end, achieved large-scale shipments in 2025, marking that this series of products has entered the stage of large-scale commercial deployment. The company has already realized end-to-end R&D and in-house production of core units such as PCS, BMS, and EMS, and has the capability to provide end-to-end solution services.

Breakthrough progress in overseas markets has also opened up new space for sustainable development. In 2025, while continuing to deepen its presence in high-barrier markets such as the Americas and Europe, the company successfully expanded into emerging markets including Greece, the Czech Republic, Poland, and Japan. The African market performed strongly: in the first half of the year, it signed AMI project orders of more than RMB 200 million. The South African market also achieved a breakthrough, with smart electricity meters making the shortlist for Eskom’s tender list. The proportion of high-gross-margin overseas orders has continued to increase, becoming an important support for the recovery of its profitability.

The company stated that the comprehensive empowerment from Midea Group is producing far-reaching “chemical reactions” within KoLu Electronics. In 2025, Midea Group officially established its New Energy Business Division. New energy, as one of Midea’s seven business segments, has provided KoLu Electronics, as a core pillar of the reconfigured segment, with multidimensional, in-depth support across R&D, manufacturing, supply chain, channels, and more. By sharing Midea’s global supply chain resources, the company effectively optimizes procurement costs and shortens delivery cycles. For commercial and industrial storage products, the company has rolled out a “Midea + KoLu” dual-brand strategy, establishing a new paradigm of “strong delivery, high stability, and full-cycle services.” (Wen Meng)

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