Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Alejandro86 for the clue delivery! CTOnews.com, October 22, according to the Ningde Times, which held a conference call on the third quarter of 2023, Ningde Times said that the company shipped nearly 100GWh batteries in that quarter, of which power batteries accounted for about 80%, energy storage batteries accounted for about 20%, shipments increased by 25-30% compared with the second quarter.

In addition, with the month-on-month increase in demand, capacity utilization in the Ningde era has also improved compared with the first half of the year, to about 70%. Ningde Times said that the quarter's year-on-year and month-on-month performance roughly matched revenue data, with a gross profit margin of 22.42%, the best in a single quarter this year.

According to reports, at present, the German factory in the Ningde era has been put into production, and the first phase of the Hungarian plant has started construction. The project is expected to be completed in about 2 years, with a planned production capacity of 100GWh.

Ningde Times said in a conference call that the company released the world's first supercharged battery using lithium iron phosphate 4C to achieve ultra-fast charging, long service life and high safety, which can be "recharged for 10 minutes and a range of 400 kilometers." it will be mass-produced by the end of this year and loaded in the first quarter of next year. At present, a number of customers have expressed their intention to cooperate, and Avita and Chery have officially announced that they will be equipped with Shenxing overcharged batteries.

According to previous reports by CTOnews.com, Ningde Times released financial results for the third quarter of 2023 on Friday, showing that the company's third-quarter net profit was 10.428 billion yuan, up 10.66% from the same period last year, while operating revenue was 105.431 billion yuan, up 8.28% from the same period last year.

The net profit of Ningde Times in the first three quarters of 2023 was 31.145 billion, an increase of 77.05 percent over the same period last year; total operating income in the first three quarters was 294.68 billion yuan, up 40.1 percent over the same period last year; and basic earnings per share was 7.0958 yuan, an increase of 70.97 percent over the same period last year.

According to SNE Research data, the global market share of power battery usage in the Ningde era continued to rank first in the world from January to August 2023, with a steady increase in overseas share, of which Europe's share reached 34.9%, an increase of 8.1% over the same period last year. This means that the recognition of Ningde era in the global mainstream car companies continues to improve, overseas fixed-point further breakthrough.

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