20, Ningde Times released its third quarter report for 2026. In the third quarter, the company realized revenue of 165.221 billion yuan, an increase of 58.58% over the previous year, and realized net profit of 21.246 billion yuan attributable to shareholders of listed companies. Year-on-year growth of 14.54%. Revenue in
the first three quarters was 442.137 billion yuan, up 56.19% year-on-year; net profit attributable to shareholders of listed companies was 64.53 billion yuan, up 31.6% year-on-year.
The announcement shows that the company's revenue growth is mainly driven by the growth of business scale, with the total shipments of power and energy storage batteries exceeding 260 GWh in the third quarter, and the sales of energy storage business accounting for about a quarter of the total shipments. Sales of energy storage business grew by nearly 60% year on year.
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