Ningde Times: 2025 First Half Achieves Revenue of RMB 1788.86 Billion, Net Profit of RMB 304.85 Billion

July 30th, Ningde Times released its 2025 half-year report.

During the reporting period, the company achieved total operating revenue of RMB 1788.86 billion, representing a year-on-year growth of 7.27%. The revenue from power batteries was RMB 1315.73 billion, up 16.8%, accounting for 73.55% of total revenue, with a gross profit rate of 22.41%, down 1.07 percentage points; the revenue from energy storage products was RMB 284 billion, down 1.5%, with a gross profit rate of 25.52%, up 1.11 percentage points.

In the first half of the year, Ningde Times achieved a gross profit of RMB 447.63 billion, up 14.5%; the comprehensive gross profit rate was 25.02%, up 1.57 percentage points, with a total profit of RMB 388.13 billion, representing a year-on-year growth of 31.79%; and the company achieved a net profit attributable to shareholders of RMB 304.85 billion, representing a year-on-year growth of 33.33%.

During the same period, Ningde Times' cash and cash equivalents were RMB 3237.85 billion; outstanding borrowings totaled RMB 1407.13 billion, with a portion of RMB 448.26 billion that needs to be repaid within one year.