GOTION(SZ:002074)2025-10-28 11:18Financial Performance - The company achieved a total revenue of 295.1 billion CNY in the first three quarters of 2025, representing a year-on-year growth of 17.21% [2] - The net profit attributable to shareholders reached 514.35 billion CNY, with a significant increase of 25.33% [2] - In Q3 alone, the revenue was 101.14 billion CNY, showing a year-on-year growth of 20.68% [2] Product Shipment and Market Dynamics - The total shipment volume for power and energy storage batteries in the first three quarters was approximately 63 GWh, with power batteries accounting for about 70% and energy storage batteries for about 30% [2] - The growth in power battery shipments is driven by three main factors: successful onboarding of new customers, continuous optimization of product structure, and steady increase in single vehicle battery capacity [2] Industry Outlook - The domestic energy storage market is expected to maintain strong growth and demand due to the implementation of policy 136 and ongoing market-driven dynamics [3] - The company is accelerating the expansion of energy storage capacity in response to sufficient orders and market demand [4] Technological Advancements - The company is increasing its investment in solid-state battery research and development, aiming for application in passenger vehicles [5] - The G series solid-state battery has achieved near mass production capability, with ongoing validation based on customer requirements [6] Capacity Planning - Current effective production capacity is approximately 130 GWh, with a planned capacity of 300 GWh by 2027, focusing on fast-charging and large-size energy storage cells [7] Supply Chain Management - The company is addressing upstream material price fluctuations through a comprehensive supply chain strategy, ensuring supply chain security and enhancing green development [9] - The impact of currency exchange fluctuations has been managed through foreign exchange hedging strategies [9] Future Outlook - The company anticipates continued growth in production and high capacity utilization in Q4, driven by strong market demand and order volume [9]