Ningde Times: Net profit in the first half of the year increased by 33.3% to 30.49 billion yuan

30, Ningde Times New Energy Technology Co., Ltd. (Hereinafter referred to as "Ningde Times") released its semi-annual report for 2025.

The company achieved total revenue of 178 billion 890 million yuan in the first half of the year, an increase of 7.3% over the same period last year; Net profit attributable to parent company was 30.49 billion yuan , up 33.3% year-on-year ; gross profit margin was 25.0% , up 1.8 percentage points year-on-year; Operating cash flow amounted to 58.69 billion yuan.

Among them, the main products sold overseas by Ningde Times in the first half of the year were battery systems, which did not change significantly compared with the same period last year: the revenue of energy storage battery systems was 28.4 billion yuan, down 1.47% from the same period last year, and the gross profit rate was 25.52%. Power battery system realized revenue of RMB131.572 billion, representing a year-on-year increase of 16.80%, and gross profit margin of 22.41%, representing a year-on-year decrease of 1.07%. Overseas income was 61.208 billion yuan, accounting for 34.22% of the current operating income. During the

reporting period, Ningde Times signed strategic cooperation agreements with Dongying City in Shandong Province, Lanzhou City in Gansu Province and other cities or regions, and carried out zero-carbon pilot demonstrations in Hainan, Dongying, Yancheng, Ordos, Ningde and other places to promote the implementation of related innovative and demonstration projects such as direct green power supply, source-grid-load storage micro-grid and grid-type energy storage. Through cooperation with various parties, the company builds zero-carbon islands, zero-carbon industrial parks and zero-carbon demonstration cities in the whole region to promote the global zero-carbon new economy with zero-carbon technology.