CATL 3750

[winston]

vested

China's CATL beats estimates as battery profit growth quickens

Fourth-quarter profit rose 57.1 percent from a year earlier to 23.17 billion yuan (HK$26.18 billion), compared with a 41.2 percent rise in the third quarter,

Revenue was up 36.6 percent to 140.6 billion yuan versus a 12.9 percent increase in the third quarter.

CATL - which supplies the biggest EV brands including Tesla, Xiaomi and Nio - has dialled up investments in battery swapping stations and mounted advertising campaigns at railway stations and airports.

Source: The Standard

https://www.thestandard.com.hk/innovati ... le/326240/

[winston]

not vested

Solid profitability likely to sustain in FY26F

CATL delivered better-than-expected 4Q25 results.

We believe raw material prices should have limited impact on CATL given the company’s experience in last lithium carbonate price surge cycle.

We expect its sales volume of power battery and ESS battery to reach 646 GWh and 176 GWh, respectively, in FY26F, with capacity expansion.

Reiterate Add, with a higher TP of HK$638.

Source: CGS

https://rfs.cgsi.com/api/download?file= ... DC360727C3

[winston]

not vested

CATL: FY25 net profits up by 42% y/y, 4Q25 battery shipment beats expectations

Long-term operational stability underpinned by global leadership and a resilient supply chain

Strong growth in battery shipment volumes, driven by demand from both EV and ESS sectors

Overseas expansion to support profit growth and drive higher margins

Maintain BUY with higher TPs of RMB500 / HKD675, based on higher sales volume assumptions

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=30022

[winston]

not vested

CATL poised to boost lead over rivals in global battery race

CATL reported its revenue rose 17% last year to 423.7 billion yuan

The leading electric vehicle battery maker’s profit for the year surged 42% to 72.2 billion yuan

Source: Bamboo Works

https://thebambooworks.com/catl-poised- ... tery-race/