宁德时代 - Financials

宁德时代 — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
+Revenue	423.7B	362.0B	400.9B	328.6B	130.4B
Revenue Growth %	17.0%	-9.7%	22.0%	152.1%	--
Total Revenue	423.7B	362.0B	400.9B	328.6B	130.4B
Cost Of Revenue	312.4B	273.5B	324.0B	262.1B	96.1B
+Gross Profit	111.3B	88.5B	76.9B	66.5B	34.3B
Gross Margin %	26.3%	24.4%	19.2%	20.3%	26.3%
Total Operating Cost	353.9B	312.6B	356.7B	297.7B	113.4B
Selling Expenses	3.7B	3.6B	3.0B	11.1B	4.4B
Admin Expenses	11.7B	9.7B	8.5B	7.0B	3.4B
Rd Expenses	22.1B	18.6B	18.4B	15.5B	7.7B
Finance Expenses	-7.9B	-4.1B	-4.9B	-2.8B	-641.0M
+Operating Income	89.5B	64.1B	53.7B	36.8B	19.8B
Operating Margin %	21.1%	17.7%	13.4%	11.2%	15.2%
Non Operating Income	464.0M	135.0M	504.0M	159.0M	183.0M
Non Operating Expenses	456.0M	1.0B	308.0M	309.0M	120.0M
Investment Income	8.0B	4.0B	3.2B	2.5B	1.2B
Fair Value Change Income	974.0M	664.0M	46.3M	400.0M	--
Asset Disposal Income	175.0M	19.3M	17.0M	-5.3M	-23.2M
Asset Impairment Loss	8.7B	8.4B	5.9B	2.8B	2.0B
Other Income	10.6B	10.0B	6.3B	3.0B	1.7B
Income Before Tax	89.5B	63.2B	53.9B	36.7B	19.9B
Income Tax	12.7B	9.2B	7.2B	3.2B	2.0B
+Net Income	76.8B	54.0B	46.8B	33.5B	17.9B
Net Margin %	18.1%	14.9%	11.7%	10.2%	13.7%
Net Income Attributable	72.2B	50.7B	44.1B	30.7B	15.9B
Minority Interest	4.6B	3.3B	2.6B	2.7B	1.9B
Eps Basic	16.14	11.58	10.06	7.18	6.88
Eps Diluted	16.14	11.58	10.05	7.16	6.84

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Equivalents	333.5B	303.5B	264.3B	191.0B	89.1B
Trading Financial Assets	59.0B	14.3B	7.8M	2.0B	1.4B
Accounts Receivable	76.4B	64.1B	64.0B	58.0B	23.8B
Notes Receivable	1.4B	130.0M	1.8B	3.5B	1.5B
Notes And Accounts Receivable	77.8B	64.3B	65.8B	61.5B	25.2B
Prepayments	14.3B	6.0B	7.0B	15.8B	6.5B
Inventory	94.5B	59.8B	45.4B	76.7B	40.2B
Total Current Assets	638.5B	510.1B	449.8B	387.7B	177.7B
Long Term Equity Investment	64.9B	54.8B	50.0B	17.6B	10.9B
Fixed Assets	146.4B	112.6B	115.4B	89.1B	41.3B
Fixed Assets Total	146.4B	112.6B	115.4B	89.1B	41.3B
Construction In Progress	29.7B	29.8B	25.0B	35.4B	31.0B
Construction In Progress Total	29.7B	29.8B	25.0B	35.4B	31.0B
Intangible Assets	15.3B	14.4B	15.7B	9.5B	4.5B
Long Term Deferred Expenses	5.0B	4.6B	4.7B	2.3B	1.3B
Total Non Current Assets	336.3B	276.5B	267.4B	213.2B	129.9B
Total Assets	974.8B	786.7B	717.2B	601.0B	307.7B
Short Term Borrowings	12.9B	19.7B	15.2B	14.4B	12.1B
Accounts Payable	160.3B	131.0B	117.0B	94.5B	48.8B
Advance Receipts	--	--	--	--	--
Contract Liabilities	49.2B	27.8B	24.0B	22.4B	11.5B
Total Current Liabilities	399.6B	317.2B	287.0B	295.8B	149.3B
Long Term Borrowings	78.2B	81.2B	83.4B	59.1B	22.1B
Total Non Current Liabilities	204.2B	196.0B	210.3B	128.3B	65.7B
Total Liabilities	603.8B	513.2B	497.3B	424.0B	215.0B
Paid In Capital	4.6B	4.4B	4.4B	2.4B	2.3B
Capital Reserve	156.2B	116.8B	87.9B	88.9B	43.2B
Surplus Reserve	2.3B	2.2B	2.2B	1.2B	1.2B
Retained Earnings	174.6B	126.6B	103.2B	63.2B	34.1B
Minority Equity	33.9B	26.5B	22.2B	12.4B	8.1B
Equity Attributable	337.1B	246.9B	197.7B	164.5B	84.5B
Total Equity	371.0B	273.5B	219.9B	176.9B	92.6B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash From Sales	477.8B	417.5B	417.9B	305.8B	130.6B
Tax Refunds Received	7.7B	10.5B	12.7B	9.5B	415.0M
Total Operating Cash Inflow	511.9B	444.9B	446.4B	329.8B	145.3B
Cash Paid For Goods	300.4B	285.5B	310.5B	235.3B	86.4B
Cash Paid To Employees	32.8B	25.5B	21.1B	18.2B	9.4B
Taxes Paid	34.5B	28.5B	17.1B	10.5B	4.1B
Total Operating Cash Outflow	378.6B	347.9B	353.6B	268.6B	102.4B
Operating Cash Flow	133.2B	97.0B	92.8B	61.2B	42.9B
Total Investing Cash Inflow	8.3B	4.9B	10.6B	3.6B	5.0B
Total Investing Cash Outflow	102.8B	53.8B	39.8B	67.7B	58.7B
Investing Cash Flow	-94.5B	-48.9B	-29.2B	-64.1B	-53.8B
Cash From Borrowings	39.8B	30.5B	46.6B	51.0B	26.3B
Dividends And Interest Paid	34.9B	25.8B	9.5B	3.6B	1.6B
Debt Repayments	51.7B	20.0B	23.8B	17.6B	5.5B
Total Financing Cash Inflow	85.6B	33.4B	50.3B	103.6B	31.1B
Total Financing Cash Outflow	91.9B	47.9B	35.6B	21.4B	7.4B
Financing Cash Flow	-6.3B	-14.5B	14.7B	82.3B	23.7B
Net Change In Cash	29.8B	32.0B	80.5B	82.1B	12.1B
Ending Cash Balance	299.9B	270.2B	238.2B	157.6B	75.5B
Capex	42.3B	31.2B	33.6B	48.2B	43.8B