ZENERGY (03677) rose more than 5% during Hong Kong trading. At the time of writing, the stock was up 5.35% to HK$8.08, with a turnover of HK$35.18 million. According to industry data, China's energy storage lithium battery shipments reached 215GWh in the first quarter of 2026, representing a 139% year-on-year increase. Leading manufacturers currently have order backlogs extending to late 2026 or the second quarter of 2027, with production capacity at full utilization and a shift toward prioritizing high-margin orders. A research report highlighted that ZENERGY's lithium battery shipments reached 19.82GWh in 2025, up 66.7% year-on-year, while revenue grew 59.7% to RMB 7.79 billion, driven by strong sales from clients such as Leapmotor and GAC Toyota, as well as increased market share. The report further noted that the energy storage sector continues to show strong growth momentum, prompting the company to expand production capacity to establish a second growth driver. Following China's "Document 136," the economic viability of energy storage has improved, while overseas power shortages, AI data center construction, and accelerated energy transition are collectively boosting global demand. In response to rising demand, ZENERGY is accelerating its energy storage capacity expansion, recently signing a letter of intent for a 50GWh large-scale energy storage manufacturing project to support long-duration storage and computing center applications. Considering the growth in energy storage business and rising battery prices, the company's 2026 revenue forecast has been raised by 30% to RMB 14.4 billion.