宁德时代2026年中期报告

寧德時代新能源科技股份有限公司 Contemporary Amperex Technology Co., Limited 股份代號 : 3750（於中華人民共和國註冊成立的股份有限公司） . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49 Contemporary Amperex Technology Co., LimitedCATL2352100https://www.catl.comCATL-IR@catl.com29LKF29 13 20593-89016660593-8901999CATL-IR@catl.com 20593-89016660593-8901999CATL-IR@catl.com    3   1  1 1 IEA20262026327130(NDC) 2026 (1) SNEResearch20261-5775.43.5%20261-6509.0459.455.4%49.640.2%30.4%20261-6235.131.7%32.5%SNEResearch20261-5108.691.2%20261-5469.2GWh16.3% (2) IEA2026(AI)Ember20261-512.73.3%19.4%1.52026SMM2026486GWh93%AIAI (3) SMM20261-6312.262.4%20261-647.221.6% 2 SNE Research20261-540.2%2.220261-6 1 2 (1) BEVREV PHEV HEV (2) CTPEnerOneEnerOne PlusEnerDEnerS EnerH EnerX6.25MWh9MWhTENERStackPCS AIAIAI (3) 3 4 SNE Research20261-540.2%2.220261-6 AI60,319• 432.8441.98% 1 20261-646.7%5.675.2%4.3• SNEResearch20261-533.7%3.7VWStellantis BMW DMG Volvo Toyota8 •15CII 2 EPC360GWh2GWh 6.25MWh587Ah9MWhTENERStackTENER HWoodMackenzie2025GradeATOP10 3 5eVTOL2VTCeVTOLAIAI 2,0003118020B-C800V26#1.55 4 5 ESG2026ESGESG2025 1 276,916,5802025178,886,25354.80% 2 66,261,690202544,762,65048.03%23.93%202525.02%1.09 3 4 (1) (2) 202663063.65%2025123161.94%202663020251231 (3) 202663016,543,8002025123126,918,971 5 152.61%10740.58%3717.97%H 6 2026630340,586,21620251231299,929,741 2026630146,535,36820251231117,850,62142,254,8272026630 7 8 20266305% 2026630 9 1 2 (1) +++ (2) CTPCTC DPPB3DTWh 3 1 C12C.2.1 2C.2.1(a)(b)(c) C .2.1 2  3 C3 1 20266304,626,650,861 2 2026630270,033H54A269,979 3 19A.28B(2) 1 2026630AHXV23336 (1)202663055%45% (2)2026630(i)420,388,947A(ii)5357893,599,999A535789 (3)2026630(i)84.11%0.12%(ii)40%20%(iii)60.07%(iv)99.01%0.50%(v)59.59% (4)20266304,626,650,8614,408,350,561A218,300,300H 2026630XV23336 2 2026630XV352XV78 2026630XVXV78352 1H (1)HIPO 135,578,600H2025520202552320,336,700H155,915,300H263.0041,005,72440,627,103260.57 H2026630 (1) (2)H 202643062,385,000H62,385,000628.202026428HH629H39,190,25739,123,267627.13 2026630 (1) 2A [2022]901202274A109,756,097410.0045,000,00044,870,113408.82 A2026630 202663028,319,044A 2021202220232026 1 H17 A. B. (i)(ii)202120222023 (i)(A)1(B)60/12050%(ii)(A)1(B)60/120 A C. 20251225 D. (i)(ii)(iii)(i)(ii)(iii)5% E. A1% K F. 6012 727584 G. (i)(A)(B)(C)36(D)(E) (ii)(A)12(B)12(C)12(D)(E)(F) H. (i)25%(ii)66(iii) I. (i)G(ii) 12 J. A K. (i)(ii)(iii)(iv)(v) L. 22026 2026 A. B. C. 5% D. A 404.6802 50.000012.36% E. 183.64 111150% 220202050% F. 60 12/3 2/3 123630%30%40% 1230% 2430% 3640% =× G. 3 202663010,339,838A0.24%2026630 1 2 (1)1322801191026805261026817781026819791026823693+23 4 2026630213,22622,358,6868.07% 1  8%13.1613.22 2  8%13.1313.20 3  4  13.18 5  6  14.36B14A.63 12026 20264320252026 202615%6,492,600,307.644,598,335,8754,626,654,91928,319,0441014.11AHH2026202672310.8661610H16.292026 2026 2 HH20268102026813H2026813HH202687430H183171712-1716 3 2026932026813HA A A. [2012]85[2015]101111 B. (QFII)QFII[2009]4710%QFII[2016]127A10%10% H A. [1993]045[2011]34810%10%10%(1)10%(2)10%20%(3)20% B. H[2008]897H200810% C. HHHH[2016]127(1)HH20%(2)(3)HH12 H D. HHHH[2014]81(1)HH20%(2)(3)HH12 H E. H 5 HHHHH202693H 20266302026  1 2026630 1 1 2 2 2 3 3 3 4 4 5 5 6 6 201112163509021000276412015103120151215400,00091350900587527783P 2018518[2018]829A217,2442018611A3007502020624[2020]1268A122,3602020842022429[2022]901A109,75620227420234251082,442,3854,396,293135,579H2025520202552320,337H155,915H202643062,385H62,385 20266304,626,651 2 2026724 1 152023 2 151724 1 202663020261-6 2 111231 3 12 4 5  5%10% 10%10% 5%5% 6 (1) (2) 7 (1) (2) 7 (3) (4) 8 9 10 (1) (2) 11 11 (1) (2) •• 11 (2) •• 11 (2) (3) 11 (3) (4) 11 (5) 12 (6) • ••14 12 12 121212 11 (6) A •1•2 B •1•2 C •1 11 (6) •1•2•3•4 12 A •1•2 11 (6) 12 •••• 11 (6) ••••• 11 (7) (8) 12 12 13 (1) (2) (3) (4) (5) 14 (1) (2) 14 (3) 20%20%50%20% (4) 19 15 (1) (2) A.B.1,000 15 (3)19 (4) (5) 16 19 17 (1) 19 18 18 19 20 21 (1) (2) (3) (4) 22 (1)(2)(3) 23 (1) (2) ABCDEF (3) (4) 23 (4) (5) 24 (1) 24 (1) (2) 24 (2) 25 (1) 25 (2) (3) (1)(2) 26 1 27 (1) (2) (1) (2) (1)(2) 28 (1) (2) 29 12 12 28 (2) (3) 2223 28 (3) 22 29 (1) 13 (2) (3) 19 30 [2022]136 31 32