Affected by the rising sales of global electric vehicles and stabilizing the prices of key materials such as lithium, the quarterly profit of Chinese -funded battery manufacturers has soared.
According to Bloomberg, the first half of the year's financial report released on Tuesday (July 25) in Ningde Times showed that within the three months of the end of June, the net profit of Ningde Times increased by 63%to 10.9 billion yuan (About 2.030 billion yuan), revenue increased by 56%to 100 billion yuan.Both data are higher than analysts expectations.
According to the supply chain data compiled by Bloomberg, Tesla's quarterly delivery record record of 12%of Ningde Times revenue has promoted the company's profit growth.
According to Sne Research, in the first five months of 2023, the market share of Ningde Times was 36.3%, an increase of 1.7 percentage points from the same period last year.
The price of lithium carbonate in China decreased by half compared with last year, which also relieved the cost pressure of Ningde Times.
The stock price of Ningde Times rose 3.4%in Shenzhen on Tuesday, the largest increase since June 15.Before rising on Tuesday, the stock was basically stable this year.
The company said that the net profit in the first half of the year was 20.7 billion yuan, and the revenue was about 189 billion yuan.The gross profit margin also continued to increase to 21.6%, a year -on -year increase of nearly three percentage points.
The company's core business power battery system achieved revenue of 139 billion yuan, accounting for 74%of the company's revenue in the first half of the year, and the contribution rate rose four percentage points year -on -year.Energy storage battery business has grown rapidly, contributing to RMB 28 billion.
