According to this website, Ningde times released the performance forecast for the first three quarters of 2019 in the evening of October 14. The disclosed performance forecast shows that the company expects the net profit attributable to shareholders of Listed Companies in the first three quarters to be about 3.092-3.568 billion yuan, an increase of 30% - 50% year on year.

Among them, the company expects that the net profit attributable to shareholders of Listed Companies in the third quarter will be about 1.174 billion yuan to 1.468 billion yuan, down 0.00% - 20% year on year.

It is understood that the first half performance report of Ningde times shows that the company's net profit attributable to shareholders of the listed company is 2.1 billion yuan, an increase of 130.79% year on year. It can be found that this year's performance did not maintain the growth trend of the first half.

According to the company, the main reason for the increase in the first three quarters of 2019 compared with the same period of last year is that with the rapid development of the new energy automobile industry, the market demand for power battery has increased compared with the same period of last year; the company has strengthened market development, put in wire capacity release in the early stage, and the production and sales volume have increased accordingly. In the third quarter of 2019, the performance decreased compared with the same period of last year, mainly due to the decrease in the sales price of some products and the decrease in gross profit margin; in the third quarter, the R & D investment and management expenses increased, and the proportion of expenses in revenue increased.

According to spir data, from January to September this year, the total installed capacity of power battery is 42.2gwh, of which the installed capacity of bus battery is 8.75gwh, accounting for 21%. In the first three quarters, the installed capacity of passenger cars in Ningde era was about 33600, and the installed capacity of batteries was 6.13gwh, with a market share of 70.1%. The battery types were all lithium iron phosphate, mainly supporting Yutong, Shenwo, Dandong Yellow Sea, Hangzhou Yangtze River, CRRC, Xiamen Jinlong, Zhongtong, Xiamen Golden brigade, Yangzhou Yaxing, FAW, etc.

From January to September this year, the total installed capacity of power batteries in Ningde era is 21.6gwh, including 15.3gwh for passenger cars, accounting for 70.8%, 6.13gwh for passenger cars, accounting for 28.4%, and 0.24gwh for special vehicles.