According to preliminary statistics from Tonghuashun iFind, as of October 27, according to the Shenwan industry classification, 19 A-share companies in the lithium battery sector have disclosed their 2026 three-quarter reports, achieving total revenue of 620.371 billion yuan and net profit of 75.50 billion yuan to mother. The reporter further combed through and found that the overall revenue of the industry has risen, and profit recovery has spread step by step along the “copper foil - structural parts - some battery companies” chain, but internal segmentation is remarkable: the profit growth rate in the Ningde era, the industry leader, was lower than the revenue growth rate, copper foil companies achieved multiple levels of growth due to a recovery in capacity utilization, and the tail companies were still hovering near the profit and loss line. The level of capacity utilization and the ability to adjust the product structure are becoming the core variables that determine the elasticity of corporate profits.

According to preliminary statistics from Tonghuashun iFind, as of October 27, according to the Shenwan industry classification, 19 A-share companies in the lithium battery sector have disclosed their 2026 three-quarter reports, achieving total revenue of 620.371 billion yuan and net profit of 75.50 billion yuan to mother. The reporter further combed through and found that the overall revenue of the industry has risen, and profit recovery has spread step by step along the “copper foil - structural parts - some battery companies” chain, but internal segmentation is remarkable: the profit growth rate in the Ningde era, the industry leader, was lower than the revenue growth rate, copper foil companies achieved multiple levels of growth due to a recovery in capacity utilization, and the tail companies were still hovering near the profit and loss line. The level of capacity utilization and the ability to adjust the product structure are becoming the core variables that determine the elasticity of corporate profits.