宁德时代Q3营收同比增长12.9%，净利润增41.21% | 财报见闻

Core Insights - Ningde Times achieved a net profit attributable to shareholders of 18.55 billion RMB in Q3 2025, representing a significant year-on-year increase of 41.21% [1][3] - Revenue for the same period was 104.19 billion RMB, reflecting a year-on-year growth of 12.90%, which is lower than the profit growth rate [1][3] - The company reported a basic earnings per share of 4.1 RMB, up 37.23% year-on-year [1][2] Financial Performance - For the first three quarters of 2025, the company recorded a total revenue of 283.1 billion RMB, a year-on-year increase of 9.28%, and a net profit of 49 billion RMB, up 36.20% [3] - The net profit excluding non-recurring gains reached 43.6 billion RMB, growing by 35.56% [3] - Financial expenses improved significantly to -7 billion RMB from -2.9 billion RMB in the same period last year, mainly due to foreign exchange gains and increased interest income [4] Balance Sheet and Cash Flow - As of September 30, 2025, total assets reached 896.08 billion RMB, a 13.91% increase from the end of the previous year [5] - Inventory increased by 34.05% to 80.21 billion RMB, attributed to business scale expansion [5] - The net cash flow from operating activities for the first three quarters was 80.66 billion RMB, reflecting a 19.60% year-on-year growth, indicating strong self-financing capability [6]