2026年上半年，双登股份新增订单同比增长超过55%，其中锂电订单占比接近55%，订单规模和增长速度均创历史同期新高。订单结构的持续优化，既体现了公司核心客户和重点市场的突破，也为下半年经营增长和业务质量提升奠定了更加坚实的基础。

01聚焦AIDC储能，核心增长引擎加速形成

2026年上半年，公司AIDC储能新增订单同比增长超过80%，增长势头明显。其中，AIDC锂电订单增长尤为突出，上半年新增订单超6亿元，是去年同期的20多倍，成为锂电业务结构优化和高质量增长的重要支撑。

公司多年深耕数据中心能源场景、持续提升系统解决方案能力。面对AIDC客户对安全性、稳定性、交付能力和全生命周期服务的更高要求，公司正在从传统产品供应向场景化、系统化、全球化服务能力升级。

02新型电力储能多点开花，形成协同增长格局

在聚焦AIDC储能这一核心增长极的同时，公司新型电力储能业务也保持较快拓展节奏。上半年电力储能整体订单同比增加超230%，国内外市场同步推进，业务结构进一步优化。

AIDC储能与新型电力储能并不是彼此割裂的两个市场，而是在产品技术、系统集成、客户资源和全球交付能力上形成协同。随着“算电协同”项目加速落地，公司围绕“一核两翼”的战略布局正在逐步进入订单验证和能力兑现阶段。

03新产能即将投产，支撑订单交付和结构升级

订单增长之后，关键在于产能兑现和交付能力。新建的2.8GWh AIDC高倍率锂电专用产线预计于2026年8月正式投产。该产线投产后，将进一步增强AIDC高倍率锂电产品供应能力，提升订单交付效率，推动业务结构向锂电化、高端化和系统化方向升级。

04从订单增长到能力兑现，高质量发展基础进一步夯实

2026年上半年订单快速增长，反映出市场需求、客户认可和公司战略聚焦正在形成共振。随着AIDC储能订单持续放量、新产线逐步投产、海外市场加快突破，公司正在形成“需求增长—订单验证—产能释放—结构优化—盈利改善”的良性循环。

未来，双登将继续坚定聚焦AIDC储能核心主业，持续提升产品技术、系统方案、交付质量和全球服务能力，在AI能源基础设施加速发展的新阶段，把市场机会转化为订单增长、收入增长、结构优化和盈利改善，推动公司高质量发展迈上新台阶。

Shoto 1H 2026 Business Performance

In the first half of 2026, Shoto recorded a year-over-year increase of over 55% in new orders, with lithium battery products accounting for nearly 55% of total order intake. Both order scale and growth rate reached record highs for any first-half period. The continued optimization of the order mix reflects breakthroughs with key clients and in core target markets, laying a solid foundation for stronger operating momentum and improved business quality in the second half of the year.

AIDC Energy Storage: Core Growth Engine Continues to Scale

New orders from Shoto’s AIDC energy storage business increased by more than 80% year-over-year in 1H 2026, demonstrating strong growth momentum. AIDC lithium battery orders were the primary growth contributor, with new orders exceeding RMB 600 million—more than 20 times the level in the same period last year—becoming a key driver of structural improvement and high-quality growth in the lithium battery business.

With years of experience in data center energy infrastructure, Shoto continues to enhance its integrated system solution capabilities. In response to AIDC customers’ increasing requirements for safety, stability, delivery performance, and lifecycle service support, the Company is transitioning from a traditional product supplier to a provider of scenario-based, system-level, and globally integrated energy solution capabilities.

Utility-Scale Energy Storage Expands Across Markets, Supporting Synergistic Growth

While AIDC energy storage remains the core growth driver, Shoto’s utility-scale energy storage business also maintained strong expansion momentum. 1H new orders increased by more than 230% year-over-year, with balanced growth across both domestic and overseas markets, further optimizing the overall business structure.

AIDC energy storage and utility-scale energy storage are not isolated segments. Rather, they generate synergies across product technology, system integration, customer channels, and global delivery capabilities. As power–compute synergy projects accelerate, Shoto’s “One Core, Two Wings” strategy is entering a phase of tangible order validation and capability realization.

New Production Capacity to Support Delivery and Structural Upgrade

Sustained order growth depends on robust manufacturing capacity and efficient delivery execution. Shoto’s newly built 2.8GWh dedicated production line for high-rate AIDC lithium batteries is expected to commence operation in August 2026. Once operational, the facility will significantly enhance supply capacity for high-rate AIDC batteries, improve delivery efficiency, and further support the shift toward higher lithium penetration, higher-end applications, and system-level solutions.

From Order Growth to Capability Realization: Strengthening the Foundation for High-Quality Development

Strong order growth in 1H 2026 reflects the alignment of market demand, customer recognition, and the Company’s strategic focus. Continued expansion in AIDC orders, upcoming capacity ramp-up, and accelerated overseas expansion are jointly forming a reinforcing cycle of demand growth, order conversion, capacity expansion, product mix optimization, and profitability improvement.

Looking ahead, Shoto will remain firmly focused on its AIDC energy storage core strategy, continuously strengthening its capabilities in product technology, system solutions, execution quality, and global service delivery. In the context of rapid AI-driven energy infrastructure development, the Company aims to convert market opportunities into sustained order growth, revenue expansion, structural optimization, and profitability enhancement, driving long-term high-quality development.