宁王第三季度暴赚185.5亿元，同比大增41%

Core Insights - CATL reported a net profit of 18.549 billion yuan for Q3 2025, representing a year-on-year increase of 41.21% [1] - The company's revenue reached 104.186 billion yuan, up 12.90% year-on-year, with a net profit margin of 19.1%, an increase of 4.1 percentage points [1] - The growth in performance is attributed to sustained industry growth and enhanced internal competitive advantages [1] Financial Performance - In the first half of 2025, CATL achieved a revenue of 178.886 billion yuan, a year-on-year growth of 7.27%, and a net profit of 30.485 billion yuan, up 33.33% [1] - The company's financial assets increased significantly by 202.9% to 43.261 billion yuan compared to the end of the previous year, driven by increased investments in financial products [2] - Investment income for the first three quarters reached 5.237 billion yuan, a year-on-year increase of 67.46%, primarily due to improved net profits from associated companies [2] Market Dynamics - CATL's stock price saw a substantial increase, with A-shares rising nearly 60% and H-shares up nearly 74% in Q3 [3] - Northbound funds increased their holdings by 53.9229 million shares, raising their stake to 14.48%, with a market value close to 250 billion yuan at the closing price of 375.90 yuan per share on October 21 [2] - Conversely, three ETF index funds among the top ten shareholders reduced their holdings by a total of 12.1962 million shares, with the largest reduction from E Fund's ChiNext ETF at 14.30% [2]