宁德时代上半年净利润同比增逾三成

Core Insights - Ningde Times reported a revenue of 178.9 billion RMB for the first half of 2025, a year-on-year increase of 7.27%, and a net profit of 30.5 billion RMB, up 33.02% compared to the previous year [1] - The company achieved a gross profit of 44.8 billion RMB, reflecting a 14.45% increase year-on-year, with a comprehensive gross margin of 25.02%, up 1.57% from the same period in 2024 [1] - The operating cash flow reached 58.687 billion RMB, marking a 31.26% year-on-year growth [1] Revenue Breakdown - Revenue from the power battery business was 131.573 billion RMB, showing a year-on-year growth of 16.80% [1] - Revenue from energy storage batteries was 28.4 billion RMB, a decline of 1.5% year-on-year [1] - Revenue from battery materials and recycling business was 7.887 billion RMB, down 44.97% compared to the previous year [1] Market Position - As of May 2025, Ningde Times held a global market share of 38.1% in the power battery sector, an increase of 0.6% year-on-year, with significant growth in the European market [1] - In the energy storage sector, the company achieved the highest global production volume for energy storage batteries in the first half of 2025 [1] - By the end of the reporting period, Ningde Times had accumulated a total of approximately 20 million power batteries installed globally and over 2,000 energy storage projects [1] R&D and Innovation - Ningde Times has established six global R&D centers with a team of over 21,000, demonstrating strong foundational research capabilities recognized at the highest level in the field of nanotechnology [2] - The company has filed a total of 49,347 patents, with 29,709 in China and 19,638 overseas [2] - Solid-state battery technology is currently experiencing higher capital interest than industrial readiness, with expectations for small-scale production by 2027 and true commercialization around 2030 [2]