ZHIDA TECH (02650) releases three positive signals in its 2026 mid-term report: significant growth overseas, AI energy + Siasun Robot & Automation full chain closure, and a substantial increase in platform-based revenue.

On August 17, ZHIDA TECH (02650) released its interim performance announcement for 2026, signaling a clear transition from the "investment phase" to the "realization phase" of its strategic transformation. During the period, the company's overseas business revenue grew by 73.2% year-on-year, with the shipment volume of charging piles surging by 110.5%. The revenue share rose from 14.8% in the same period last year to 29.7%, approaching the 30% markthis structural leap signifies that globalization is officially shifting from the "second growth curve" to the "profit structure improvement engine." Strategically, the company is using the integrated scenario solution of "AI Energy + Siasun Robot & Automation" as a spearhead to accomplish an elevated positioning towards smart energy and the Siasun Robot & Automation service platform, marking a substantial support for the reconstruction of its valuation anchor. The high growth in overseas markets confirms the robustness of the transformation: revenue share surpassing 30% reinforces the ongoing "quality inflection point." The overseas business stands out as the most impressive value annotation in ZHIDA TECH's semi-annual report. In 2022, the company's overseas revenue accounted for only 1.9%, but by the first half of 2026, this figure had soared to 29.7%, nearing 30%. ZHIDA TECH achieved this crucial leap from local manufacturing to global layout in just three and a half years. This set of data is not merely linear growth; it possesses inflection point significancethe dual-driven pattern of "domestic fundamentals + overseas high growth" has transformed from a strategic blueprint into a powerful operational reality. The growth slope itself possesses persuasive power. In the first half of the year, overseas charging pile shipments grew by 110.5% year-on-year, fully validating that the benefits of localized capacity and channel layout are being rapidly released. The sales of charging piles in Thailand increased by 304.3%, with local installed deliveries reaching 19,480 units; the UAE market saw an even more rapid growth, with sales surging by 357.2%; Brazil also achieved a solid growth of 48.5%. Moreover, it is noteworthy that ZHIDA TECH's overseas expansion model is experiencing systematic elevationthe company has established a joint venture with Chery Green Energy to leverage CHERY AUTO's mature global channel network, achieving seamless connectivity of "cars to piles." Currently, the company's global footprint covers 28 countries and regions, and the capacity network of its five overseas manufacturing centers is taking shape, continually solidifying its localized delivery capability. The high prosperity of the overseas business is not incidental but a necessary outcome of the company's deepening globalization strategy. Looking ahead, the upward leap in overseas business has already made the positive transmission effect to profits clear. With the continuous increase in the share of high-gross-margin overseas revenue, the overall profit quality of the company will continue to benefit from this structural improvement. The semi-annual data has fully validated that the overseas growth engine is not only running efficiently but its momentum is still rising as the capacities of the five major overseas bases ramp up and the channel networks deepen, the overseas revenue share is expected to achieve a leap from "nearly 30%" to a higher range, leading to a systematic reassessment of the company's profit structure, cash flow quality, and valuation center. A truly globally competitive smart energy technology enterprise is accelerating towards formation. Strategic elevation anchors "AI Energy + Siasun Robot & Automation": a complete closed-loop chain formation and a valuation anchor shifting from manufacturing to scenario services. The strategic elevation is the most noteworthy deep variable behind ZHIDA TECH's semi-annual report. In July 2026, the company will upgrade its positioning to "AI-driven smart energy and Siasun Robot & Automation integrated scenario service provider." This adjustment is not a "fresh start," but a natural extension based on more than a decade of technological accumulationstarting from home charging piles, ZHIDA TECH has extended its business boundaries from single charging devices to a complete closed-loop service of energy production, storage, dispatch, and automatic charging. The core support of the strategic upgrade lies in the deep integration of AI energy and Siasun Robot & Automation capabilities. On the energy side, the company's self-developed EMS green digital energy system has integrated photovoltaic, energy storage, charging, and V2G technologies, covering the whole chain of services from household photovoltaics, energy storage to smart charging; on the Siasun Robot & Automation side, ZHIDA TECH launched the first domestic "blade-type" household automatic charging Siasun Robot & Automation and unmanned public charging solution in the first half of the year, expanding its product matrix, which includes "Ling Snake," "Pioneer Robot," and "Ling Elephant." It has built the worlds first exclusive production line for charging Siasun Robot & Automation with a capacity of tens of thousands, becoming the first company globally to achieve a complete industrial chain closed-loop of "R&Dmanufacturingoperations" for charging Siasun Robot & Automation. The AI platform, as the digital hub, has connected energy dispatch with Siasun Robot & Automation operations, forming a systematic capability of "energy management + automatic recharging." The integration of capabilities has already been realized as deliverable scenario-based solutions in the product domain. The company's globally first "AI Energy + Siasun Robot & Automation" integrated solution launched for both household and public scenarios has deeply coupled photovoltaics, energy storage, charging Siasun Robot & Automation, and the EMS system through the AI platform. It has achieved full management services for household scenarios generating, storing, using, and charging energy and has reconstructed the recharging model for high-frequency operating vehicles like Robotaxi in public scenarios. Currently, the company has cooperated with several leading Robotaxi companies for unmanned charging stations both domestically and internationally. Demonstration stations in Saudi Arabia have been implemented, and unmanned charging solutions for specialized scenarios such as airports and ports are being accelerated. In July, the company established a joint venture, Tongchuang Zhiji, with Shanghai Tongji Science & Technology Industrial to implement a "zero-carbon smart travel" future city AI mobility and green energy ecological scheme on Shanghai's Fuxing Island. The dual-scenario layout of "home + public" is accelerating from planning to reality. The deeper value lies in the fundamental shift of the valuation anchor. Transitioning from a hardware manufacturer to a scenario solution service provider, ZHIDA TECH has expanded its business boundaries to long-term operational services of "platform + system + ecology." When a company possesses thousands of units of Siasun Robot & Automation capacity, a global channel covering 28 countries, millions of household user entries, and deep participation in the formulation of numerous international, national, and organizational standards, its competitive moat is far beyond that of traditional charging pile companies. The deeper significance of the strategic elevation lies in using AI Energy and Siasun Robot & Automation as twin wings, opening a long-term growth channel for ZHIDA TECH to leap from a "charging pile leader" to an "integrated smart energy and Siasun Robot & Automation platform." The path to realizing performance is clear: multiple drivers are expected to accelerate profit elasticity release. The path to realizing performance is perhaps the most forward-looking signal beyond ZHIDA TECH's semi-annual data. From the perspective of business planning and the semi-annual report data, with the high-gross-margin overseas revenue share soaring from 14.8% to 29.7%, the overall profit quality of the company will continue to benefit from this structural improvement. The first layer of profit elasticity release has been established. According to the company's management, in the first half of the year, the installation and delivery volume in a single overseas market reached tens of thousands, and the effective conversion of front-end sales creates a solid foundation for the continuous service of existing overseas users. At the same time, the recurring revenue brought by platformized business will constitute a more critical deep variable for profit elasticity. The company is expanding from single hardware sales to a diversified revenue portfolio of "hardware + system + operational services." The existing entrance of nearly one million household charging users, combined with the ongoing penetration of the AI energy management platform, is transforming one-time equipment sales into continuous energy management service revenue. Once this model achieves scale, the companys gross margin center and cash flow quality will see systematic improvement. The realization pace of this logic may be highly correlated with the trend of overseas advance payments in the future. The chain from overseas order pre-receipts to delivery confirmation of revenue to profit structure improvement is continuously trackable. As the capacities of the five major overseas bases ramp up and the "AI Energy + Siasun Robot & Automation" scenario solutions enter the mass delivery stage, combined with the company's strategic choices to shrink low-gross-margin businesses and focus on high-gross-margin scenarios, the trend of accelerated profit elasticity release has become clear. Under multiple drivers, the companys operational data for 2027 is expected to enter an accelerated release cycle. In summary, ZHIDA TECH is accelerating its leap to become an "AI-driven smart energy and Siasun Robot & Automation integrated scenario service provider." The high overseas growth lays the foundation for profit improvement, the complete closed-loop of Siasun Robot & Automation builds a core barrier, and the platform ecology opens up long-term growth space. Looking ahead, under the resonance of three driving forces, the momentum for profit elasticity release is robust, and a globally competitive smart energy technology enterprise is poised for take-off.