Huangde Times has reported that the company’s annual revenue has exceeded 500 billion yuan. This milestone was reached on March 15, 2025, as indicated by the financial report presented on March 14, 2025. The total revenue for the previous year was 362 billion yuan, which reflects a 9.7% decline—the lowest since 2018.
In terms of energy production, Huangde Times reported a total of 475 GWh generated, representing a 21.79% increase compared to the previous year. Despite fluctuations in electricity prices due to carbon market policies, energy production and storage accounted for 310.2 billion yuan, which also saw a 10% decrease.
The primary revenue sources for the company include energy storage and electric vehicle production, which together contribute to 85% of total revenue. Other revenue sources are derived from electric materials and recycling, which have also shown a downward trend.
Looking ahead, Huangde Times has projected a 15% increase in annual revenue, reaching 507 billion yuan, marking a historic high for the company. This figure is comparable to the 58 billion yuan from the previous year. The company has consistently reported significant annual revenue increases over the past few years, with expectations of 147 billion yuan for the fourth quarter of this year.
Due to robust demand, Huangde Times is aiming for a production capacity target of 200 billion yuan in the coming year. With the revenue growth trajectory still on the rise, the company is set to maintain its position as a leader in the electric vehicle and energy storage sectors.
For 2024, Huangde Times anticipates an increase in electricity production to 219 GWh, which would exceed the 2023 target. The company is also expanding its operations internationally, focusing on various overseas projects.
In summary, Huangde Times has demonstrated impressive growth and resilience despite recent market challenges, positioning itself for continued success in the energy and electric vehicle markets.
