Cui Dongshu, the Secretary - General of the Passenger Car Association Branch, highlighted in an article that during the first half of 2025, certain listed companies within the battery industry chain reported revenues totaling 294.7 billion yuan, marking an 8% year - on - year rise. Their combined gross profit reached 64 billion yuan, a 2% increase compared to the same period the previous year, resulting in a gross profit margin of 22%. This margin, however, experienced a 1 - percentage - point decline when compared to the corresponding period in 2024.

Total expenses for these companies came to 26.6 billion yuan, showing a 16% year - on - year decrease. The industry's inventory cycle extended to 75 days, an increase of 17 days from the same time last year. Meanwhile, the accounts receivable turnover days stood at 80 days, a reduction of two days on a year - on - year basis.

Although the overall revenue and profit growth within the new energy battery industry chain has decelerated, the lithium battery segment stands out as the most profitable. It accounts for a staggering 70% of the profits across the entire industry chain. Companies like CATL and EVE Energy witnessed year - on - year growth in net profit during the first half of the year, a clear indication of significant industry differentiation.

Notably, CATL's gross profit margin in the first half of the year hit 25%, accompanied by a substantial increase in net profit. Battery enterprises, in general, enjoy a relatively higher profit advantage when compared to complete vehicle manufacturers and mining companies.