Pryter Expects Net Profit of 200-240 Million Yuan in H1 2025

Pryter (002324) announced on the evening of July 4 that it expects to achieve a net profit of 200 million to 240 million yuan in the first half of 2025, representing a year-on-year increase of 38.88% to 66.65%. The company stated that its modified materials business continues to grow, and the operating conditions of its new energy business are improving. Additionally, the increase in shipments of sodium-ion batteries and semi-solid batteries has positively impacted the company's semi-annual performance. Pryter's subsidiary, Haisida, launched its semi-solid battery at the end of March 2025 and is currently undergoing bulk product certification with various industry clients, expecting to deliver no less than 1GWh in 2025. Furthermore, the company's sodium-ion batteries, which adopt a polycation system, have already received relevant orders. On June 30, Pryter announced that Haisida and the Liuyang Economic Development Zone in Hunan signed a termination contract for the investment cooperation project in June 2025. Due to changes in the macro environment of the new energy industry in recent years, both parties agreed to terminate the project investment. This termination will result in the company returning the relevant land transfer fees, deed tax, and deposits. It is noted that this project was initially signed in June 2023, with plans to invest in a production base for 30GWh of sodium-ion and lithium-ion batteries and systems in the Hunan Liuyang Economic and Technological Development Zone, but substantial construction has not commenced to date.