SUNWODA(SZ:300207) DT新材料·2025-10-30 16:04Core Viewpoint - XINWANDA has reported strong financial performance for Q3 2025, with significant growth in revenue and net profit, alongside new overseas expansion plans in Thailand for battery production [2][3]. Financial Performance - In Q3 2025, XINWANDA achieved revenue of 16.549 billion yuan, a year-on-year increase of 15.24%, and a net profit of 550 million yuan, up 41.51% [2]. - For the first three quarters of 2025, the company reported total revenue of 43.534 billion yuan, reflecting a 13.73% year-on-year growth, and a net profit of 1.405 billion yuan, which is a 15.94% increase [2]. Business Segments Revenue - In the first half of 2025, the consumer battery segment generated revenue of 13.890 billion yuan, a growth of 5.22% year-on-year [2]. - The electric vehicle battery segment saw revenue of 7.604 billion yuan, marking a 22.63% increase [2]. - The energy storage systems segment achieved revenue of 1.004 billion yuan, with a remarkable growth of 68.85% [2]. - Other business segments contributed 4.486 billion yuan, reflecting a year-on-year increase of 14.39% [2]. Shipment Volume - In the first half of 2025, XINWANDA's power battery shipment volume reached 16.08 GWh, a significant increase of 93.04% year-on-year, driven by increased shipments to existing customers and new client ramp-ups [2]. - The energy storage system shipment volume was 8.91 GWh, showing a substantial growth of 133.25% year-on-year [2]. New Business Initiatives - XINWANDA's subsidiary plans to invest up to 482 million USD (approximately 3.419 billion yuan) in the second phase of a green energy lithium battery factory in Thailand, with a total planned capacity of 17.4 GWh [3]. - On October 23, XINWANDA launched the "XIN·BIXIAO" polymer composite all-solid-state battery, achieving an energy density of 400 Wh/kg and a cycle life of 1200 weeks under low pressure [4]. - On October 28, XINWANDA and Beijing Ideal Automotive Co., Ltd. established Zhejiang Ideal Automotive Battery Co., Ltd., with a registered capital of 70 million yuan, focusing on battery manufacturing and sales [4].