Chinese battery giant Ningde Times operating income in the first quarter increased by 82.9%year -on -year to 89.04 billion yuan (RMB, the same below, about 17.245 billion yuan), and net profit increased by 558%to 9.82 billion yuan, soaring from last year to last year, soaring year -on -year soaring last yearSix times.
According to Caixin.com, when the Ningde Times issued a quarterly financial report on Thursday (April 20), the above data was disclosed.
The soaring net profit is related to the lower base.In the first quarter of 2022, the net profit trough of Ningde Times.At that time, the price of battery raw materials skyrocketed, and Ningde's era did not adjust the price of battery, resulting in increasing income.According to the financial report, in the first quarter of 2022, Ningde's revenue increased by 154%to 48.68 billion yuan, and its net profit was only 1.49 billion yuan, a year -on -year decrease of 23.6%.
Since then, Ningde Times established a raw material price linkage mechanism with auto companies to pass the increase in upstream raw material prices to the terminal of car companies.Beginning in the second quarter of 2022, the profit performance of Ningde Times was restored.
The Ningde era said that the Shanghai Auto Show, which is currently held, is very popular. With the launch of the new model, the company expects that the overall demand of new energy vehicles is more optimistic, and the sales of power battery sales will increase.
