Ningde Times is expected to make a net profit of 291-31.5 billion yuan in 2022, an increase of 82.66-97.72% over the same period last year.

According to CTOnews.com news on January 12, Ningde Times issued the latest announcement, predicting a net profit of 29.1 billion yuan to 31.5 billion yuan in 2022, an increase of 82.66% and 97.72% over the same period last year. During the reporting period, the new energy industry at home and abroad developed rapidly, the market of power battery and energy storage industry continued to grow, and the company's production and sales increased significantly.

As for the reasons for the rising performance, Ningde Times said that the new energy industry at home and abroad is developing rapidly, the market of power battery and energy storage industry continues to grow, and the transformation to clean energy under the goal of "double carbon" is accelerating. As the world's leading new energy innovation and technology company, the company continues to launch industry-leading product solutions and services by increasing R & D investment and innovation, while strengthening market development and deepening customer cooperation. in addition, the early layout of the release of high-quality production capacity, a significant increase in production and sales, to promote the company's leading global market position, but also achieve the rapid growth of profit scale.

In addition, the China Automotive Power Battery Industry Innovation Alliance today released monthly data on power batteries in 2022, of which Ningde Times won 48.2% share with 142.02GWh. BYD, Sinotrans, Guoxuan Hi-Tech and Xin Wanda ranked 2-5 with 23.45%, 6.53%, 4.52% and 2.62%, respectively.

As of CTOnews.com, Ningde Times closed today at 433.50 yuan per share, with a market capitalization of 1.06 trillion yuan.