21世纪经济报道记者费心懿上海报道 财报显示，报告期内，公司实现营业收入847亿元，归母净利润139.6亿元，同比增长32.9%；综合毛利 率24.4%，实现同环比增长。另外，公司研发投入超过48亿元；经营性现金流达328.7亿元。 根据SNE统计，2025年1-2月，宁德时代动力电池使用量全球市占率为38%，其中公司欧洲市占率为 43%，同比提升8个百分点，较第二名高出13个百分点。 储能市场方面，宁德时代成为阿联酋RTC 19GWh 8小时数据中心项目中的首选电池储能系统供应商， 该数据中心将实现每天24小时不间断清洁发电。宁德时代与Quinbrook合作开发的全球首款8小时电池储 能系统EnerQB，将在澳大利亚整体部署24GWh。 同时，宁德时代赴港上市推进迅速。从2月11日向港交所递交上市申请，到4月10日聆讯仅历时两个月。 公司联席保荐人已于4月11日收到香港联交所向其发出的信函，其中指出香港联交所上市委员会已审阅 公司的上市申请。 "最近这两个月，大家都反映（储能）电池很难买了。头部的宁德时代、亿纬锂能都反映，他们储能电 池产能已经非常饱满。甚至一些下游客户买电池要交预付款了。"某券商电新行业首 ...

Core Viewpoint - Ningde Times reported strong Q1 2025 financial results, with revenue reaching 84.7 billion RMB and net profit exceeding 13.9 billion RMB, reflecting a year-on-year growth of over 30% and a continuous increase in gross margin [1] Financial Performance - The company's net profit attributable to shareholders reached 13.96 billion RMB, a significant year-on-year increase of 32.9% [1] - The comprehensive gross margin improved to 24.4%, showing growth compared to both the previous quarter and the same period last year [1] - Operating cash flow for Q1 was 32.87 billion RMB, indicating strong business growth momentum [1] - Since its A-share listing in 2018, the company has returned nearly 60 billion RMB to shareholders through dividends and buybacks, with a recent announcement to repurchase shares worth 4-8 billion RMB [1] Internationalization Strategy - The H-share listing process is accelerating, with the Hong Kong Stock Exchange's listing committee reviewing the company's application just two months after submission [1] Strategic Growth Areas - The battery swapping business is emerging as a new strategic growth point, with plans to build at least 500 battery swap stations in collaboration with Sinopec by 2025, aiming for a long-term target of 10,000 stations [2] - A strategic partnership with NIO will integrate Ningde Times' battery swapping standards into NIO's new models, promoting the standardization of battery swapping technology [2] - In the zero-carbon ecosystem, a strategic cooperation agreement was signed with Dongying City, aiming to create a zero-carbon industrial park powered by high proportions of green electricity [2] Market Position - In Q1 2025, China's new energy vehicle production and sales reached 3.182 million and 3.075 million units, respectively, marking year-on-year growth of 50.4% and 47.1% [2] - Ningde Times maintained a global market share of 38% in January-February 2025, with a significant 43% share in the European market, an increase of 8 percentage points year-on-year [2] Energy Storage Market - The company has become the preferred battery storage system supplier for the RTC 19GWh data center project in the UAE [3] - A collaboration with Quinbrook is set to deploy the world's first 8-hour battery storage system, EnerQB, in a 24GWh project in Australia [3] - The company is expected to maintain a strong growth trajectory due to its technological advantages and capacity layout amid the expanding new energy vehicle market and global energy transition [3]