On March 31, Lead Intelligent Equipment (hereafter referred to as LEAD) successfully hosted its 2026 Global Supplier Conference in Wuxi. Held under the theme “Building Momentum Together, Advancing with Trust,” the conference aimed to strengthen collaborative synergy, deepen mutual trust, and jointly advance toward a new phase of high-quality development.
Mr.Yanqing Wang, Chairman of LEAD Group, and Mr. Lei Wang, Executive Director, together with the company’s leadership team, gathered with representatives from more than 300 core supplier partners worldwide to discuss evolving industry dynamics, explore new cooperation opportunities, and jointly outline a blueprint for high-quality, coordinated supply chain development.
Advancing Under Pressure
Delivering Strong Performance Against Industry Headwinds
In his opening remarks, Chairman Yanqing Wang reviewed LEAD’s development over the past year. He noted that in 2025, supported by its global supplier partners, LEAD successfully navigated macroeconomic volatility and intensifying industry competition, achieving high-quality growth under challenging conditions and delivering results well above industry averages.
The company’s core businesses continued to lead the sector, with order volumes rising rapidly. In 2025, LEAD recorded operating revenue of RMB 14.443 billion (approximately 1.99 billion US dollars), representing a year-on-year increase of 21.83%, while net profit attributable to shareholders of the listed company reached RMB 1.564 billion (approximately 215.7 million US dollars)—an increase of 446.58% year-on-year. Brand influence also strengthened significantly: LEAD broke the long-standing dominance of local companies in Korea by winning a major award at InterBattery, received the APEC Industrial Award, and was named among the Forbes China 50 Most Innovative Companies.
In February this year, LEAD was officially listed on the Hong Kong Stock Exchange (stock code: 0470.HK), successfully establishing its “A+H” dual-capital-market platform. This milestone achievement laid a solid capital foundation for LEAD’s journey toward becoming a world-class enterprise and further demonstrated its comprehensive strength and industry influence.
Facing Challenges Head-On
Reshaping a New Framework for Strategic Cooperation Across Four Key Dimensions
Chairman Wang emphasized that every achievement LEAD has made would not have been possible without the strong support and close collaboration of its global supplier partners. It is precisely through joint efforts in building a global delivery network that the company has been able to sustain growth despite challenging market conditions. He reaffirmed LEAD’s commitment to shared success and long-term win–win partnerships with its suppliers.
Aligned with the conference theme “Building Momentum Together, Advancing with Trust,” Chairman Wang outlined four key directions for strengthening future cooperation:
- advancing from joint development toward deeper technology co-creation;
- shifting from unilateral cost reduction toward shared cost responsibility;
- moving from passive response toward commitment-based delivery assurance;
- evolving from broad-based cooperation toward prioritized resource allocation.
He expressed his expectation that supplier partners would continue to move forward alongside LEAD with shared vision and coordinated action to open a new chapter of collaborative growth.
Chairman Wang further noted that while the long-term outlook for the new energy sector remains highly promising, the path forward is also marked by structural challenges. Amid ongoing global supply chain restructuring and intensifying competition across the industry, LEAD continues to maintain strong technological capabilities, robust new order growth, and a full project pipeline. However, the supply chain still faces significant challenges in ensuring stable supply, reliable delivery, and cost control—areas that require closer coordination with supplier partners to address collectively.
Policy Support and Partnership Discipline
Strengthening Collaboration Through Shared Responsibility and Compliance
Mr. Lei Wang, Executive Director of LEAD, delivered a keynote address outlining the company’s supply chain strategy and development roadmap, focusing on industry shifts, emerging challenges, and priorities for collaboration in 2026.
He noted that demand for batteries—particularly in the energy storage segment—is accelerating rapidly as the industry enters a phase of large-scale expansion. Driven by supportive policies and the emergence of new application scenarios, demand for large-scale energy storage and commercial and industrial storage systems continues to grow, with project implementation cycles significantly shortening. As a result, the industry as a whole is entering an accelerated development phase. Leveraging its globally leading technological capabilities, LEAD is well positioned to benefit from this new growth cycle. However, rising demand and faster project timelines are also placing greater pressure on delivery capacity—representing not a challenge for any single company alone, but a systemic test for the entire supply chain. This new wave of opportunity is therefore both a growth catalyst and a comprehensive test of delivery capability across the ecosystem.
In response, Mr. Wang emphasized that LEAD will adopt a delivery-results-oriented approach to redefine collaboration frameworks. He announced that the company will introduce comprehensive support and incentive policies, allocating greater resources to supplier partners that meet performance requirements—ensuring that stronger capabilities translate into broader development opportunities. At the same time, he stressed that compliance remains a non-negotiable red line. LEAD maintains zero tolerance for violations and will continue to balance delivery performance with governance discipline during this high-growth cycle, working together with supplier partners to build truly mutually beneficial relationships.
In addition, leaders from various business units shared cooperation priorities and development practices across several key areas, including supply chain planning, lean management and value empowerment, quality system development, compliance management standards, and digital transformation initiatives. Representatives from supplier partners also delivered remarks on future collaboration directions and pathways for coordinated innovation, further strengthening consensus and clarifying the roadmap for joint development.
Honoring Excellence
Working Together Toward a Zero-Carbon Future
In recognition of outstanding support over the past year, LEAD presented multiple awards to high-performing supplier partners during the conference, including the Collaborative Innovation Award, Precision Manufacturing Excellence Award, Lean Value Contribution Award, Mission Delivery Award, Partnership Resilience Award, Integrity and Trust Award, and Annual Strategic Partner Award. These honors reflected the company’s appreciation for the strong commitment and contributions of its partners to LEAD’s continued growth.
Following the awards ceremony, a formal signing event was held, during which LEAD entered into strategic cooperation agreements with several key supplier partners. These agreements further strengthened partnership foundations, clarified collaboration objectives, and established a solid framework for deeper coordinated development in the future.
The successful convening of this conference further clarified the direction and priorities of collaboration between LEAD and its supplier partners, while also extending an open invitation to additional outstanding suppliers to join the LEAD ecosystem. Looking ahead, LEAD remains committed to working closely with global partners to advance together in the wave of global energy transition—supporting one another in becoming world-class leaders in their respective fields and jointly shaping a stronger future for the global new energy industry.
