CATL(SZ:300750) Zhong Zheng Wang·2025-11-09 09:32Core Insights - The performance of companies in the Shenzhen market showed both year-on-year and quarter-on-quarter growth in revenue and net profit for the first three quarters of 2025, with notable contributions from the electric equipment, communication, and new energy sectors [1] Electric Equipment Industry - The electric equipment sector in Shenzhen achieved a total revenue of 1.32 trillion yuan, marking a 10% year-on-year increase, and a net profit of 946.09 billion yuan, reflecting a 29.53% growth [2] - Leading companies like Suyuan Electric maintained high R&D investment and operational efficiency, with Suyuan Electric reporting a revenue of 138.27 billion yuan (up 32.86%) and a net profit of 21.91 billion yuan (up 46.94%) [2] - Suyuan Electric plans to enhance its R&D focus on new electric system applications and transition from a single equipment supplier to a comprehensive solution provider [2] Communication Industry - The communication sector generated a total revenue of 292.38 billion yuan, a 14.34% increase, and a net profit of 308.09 billion yuan, up 36.65% [3] - Companies like NewEase and Guangxun Technology are driving growth through innovation and product upgrades, with NewEase reporting a revenue of 165.05 billion yuan (up 221.70%) and a net profit of 63.27 billion yuan (up 284.37%) [3] - NewEase's R&D expenses reached 5.01 billion yuan, a significant increase of 149.57%, emphasizing its commitment to technological advancement [3] New Energy Sector - The new energy sector, including battery, photovoltaic, and wind power equipment, achieved a total revenue of 1.06 trillion yuan, a 10.56% increase, and a net profit of 787.05 billion yuan, up 31.87% [4] - Within this sector, net profits for batteries, photovoltaic equipment, and wind power equipment grew by 30.60%, 16.89%, and 82.56% respectively [4] - CATL, a leading company in the new energy field, reported a total revenue of 283.07 billion yuan (up 9.28%) and a net profit of 490.34 billion yuan (up 36.20%), with significant cash reserves supporting its R&D and global capacity expansion [4][5] - CATL is actively expanding production capacity to meet increasing customer demand while launching innovative products like the NP3.0 technology and Shenxing Pro battery [5]