Xianhui Technology secures another sales contract worth 945 million yuan from CATL

On March 6, Xianhui Technology (688155.SH) announced that from November 19, 2025, to the date of this announcement, the company and its controlling subsidiary, Fujian Dongheng, have received contracts and fixed-point notices from CATL and its subsidiaries totaling approximately RMB 945 million (excluding tax). These contracts are for the company’s routine operational activities, and the company has completed the internal approval procedures for signing these contracts.

Regarding the orders from CATL, Xianhui Technology stated that as the new energy vehicle market is in a rapid growth phase, this provides a good market opportunity for the implementation of these contracts. The company also has advantages in technical quality indicators such as equipment flexibility, intelligence, assembly precision, and operational stability, as well as in subsequent maintenance service capabilities. Based on this, both parties have strengthened their cooperation on the basis of their good existing relationship. If these sales contracts are smoothly fulfilled, it is expected to have a positive impact on the company’s performance in 2025-2026, helping to enhance the company’s sustainable profitability and core competitiveness.

Public information shows that Xianhui Technology mainly engages in the research, production, and sales of various intelligent manufacturing equipment. In 2019, it officially entered the supply chain for CATL’s battery automation production lines. The announcement disclosed that from 2022 to 2024, the contract amounts (excluding tax, in ten thousand yuan) signed between Xianhui Technology and CATL and its subsidiaries were RMB 1.597 billion, RMB 2.078 billion, and RMB 2.01 billion, respectively, accounting for 88.46%, 84.86%, and 81.57% of the company’s annual revenue.

In 2025, Xianhui Technology also disclosed contract information with CATL three times. According to announcements in April, August, and November last year, from November 20, 2024, to November 18, 2025, the company and Fujian Dongheng have received contracts and fixed-point notices from CATL and its subsidiaries totaling approximately RMB 2.182 billion (excluding tax).

According to its performance brief for 2025 disclosed on February 27, the company achieved revenue of RMB 2.994 billion last year, a year-on-year increase of 21.52%; net profit attributable to the parent was RMB 352 million, a year-on-year increase of 57.75%.

Regarding the changes in performance, Xianhui Technology stated that the main reason is the deep implementation of lean management concepts, which has improved operational efficiency and increased the profit margin of its main business. Additionally, the company’s overseas projects have a significant gross profit margin advantage, and the overseas projects recognized in 2025 have increased compared to 2024, effectively promoting the improvement of the company’s main business gross profit margin.