大手笔分红，宁德时代上半年日赚1.68亿

Core Viewpoint - Ningde Times reported a strong financial performance for the first half of 2025, with significant growth in revenue and net profit, alongside a substantial dividend proposal for shareholders [1][3]. Financial Performance - The company achieved operating revenue of 178.886 billion yuan, a year-on-year increase of 7.27% [1]. - The net profit attributable to shareholders was 30.485 billion yuan, reflecting a growth of 33.33% year-on-year [1]. - The net profit excluding non-recurring items was 27.197 billion yuan, up 35.62% compared to the previous year [1]. - On average, the company earned approximately 168 million yuan per day over the first half of the year [1]. Dividend Proposal - Ningde Times proposed a cash dividend of 10.07 yuan per 10 shares, totaling approximately 4.573 billion yuan [1]. - The controlling shareholder, Xiamen Ruiting Investment Co., Ltd., is expected to receive around 1.032 billion yuan in cash dividends from this proposal [1][10]. - The total pre-tax cash dividends received by Ruiting Investment in 2025 so far amount to approximately 5.926 billion yuan [11]. Business Segments - The revenue from the power battery system reached 131.573 billion yuan, marking a year-on-year increase of 16.80% and accounting for 73.55% of total revenue [3]. - The energy storage battery system revenue was 28.4 billion yuan, showing a slight decline of 1.5% year-on-year, representing 15.88% of total revenue [4]. - The company continues to lead in global energy storage battery production, despite a decrease in revenue [4]. Market Position - Ningde Times holds a 38.1% global market share in power battery usage as of May 2025, an increase of 0.6 percentage points from the previous year [3]. - The company has introduced innovative products in both passenger and commercial vehicle segments, enhancing its competitive edge [3][4]. Financial Health - As of June 30, 2025, the company's debt-to-asset ratio stood at 62.59%, reflecting a trend of increasing leverage since 2016 [7]. - Accounts payable and notes payable are significant components of the company's liabilities, indicating strong bargaining power within the supply chain [8].