新能源板块行业周报：宁德时代业绩亮眼，海博思创科创板IPO获上市委会议通过

Investment Rating - The report provides an "Outperform" rating for the industry, indicating expected returns above the benchmark index by more than 10% [8]. Core Insights - Ningde Times reported impressive performance in Q3 2024, with revenue of 259.045 billion yuan for the first three quarters, a year-on-year decrease of 12.09%, and a net profit of 36.001 billion yuan, an increase of 15.59% year-on-year. In Q3 alone, revenue was 92.278 billion yuan, down 12.48% year-on-year but up 6.07% quarter-on-quarter, with a net profit of 13.136 billion yuan, reflecting a year-on-year increase of 25.97% and a quarter-on-quarter increase of 6.32% [3]. - Haibo Science and Technology's IPO on the Sci-Tech Innovation Board was approved, highlighting its position as a leading provider of electrochemical energy storage systems in China, with a strong market presence and competitive edge [3]. - The global sales of new energy vehicles reached approximately 9.609 million units from January to August 2024, a year-on-year increase of 16%, driving a 14% increase in global power battery installation to about 484.6 GWh [4]. Summary by Sections Ningde Times Performance - In Q3 2024, Ningde Times achieved a gross margin of 31.17%, an increase of 8.75 percentage points year-on-year and 4.53 percentage points quarter-on-quarter. The gross margin for the first three quarters was 28.19%, up 6.27 percentage points year-on-year [3]. Haibo Science and Technology IPO - Haibo Science and Technology, established in 2011, specializes in the research, production, and sales of energy storage systems and power battery systems, ranking second in the 2023 shipment volume of energy storage system integrators according to CNESA [3]. Global New Energy Vehicle Market - From January to August 2024, the global power battery installation volume was dominated by ternary power batteries at 257 GWh and lithium iron phosphate batteries at 225.6 GWh, with the latter experiencing a year-on-year growth of 33% and a market share increase of 7 percentage points [4]. Investment Recommendations - The report suggests focusing on leading companies across various segments of the lithium battery supply chain, including Ningde Times, Yiwei Lithium Energy, and others, as well as companies involved in new technologies like sodium batteries and fast-charging technologies [4].