- CATL reported a net income of 13.1 billion yuan for the third quarter.
- This net income figure fell short of the estimated 14.71 billion yuan.
- The company’s revenue for the quarter was 92.28 billion yuan.
- Projected revenue had been higher, at an estimated 118.44 billion yuan.
- Earnings per share (EPS) were recorded at 2.9854 yuan.
- Analyst coverage included 47 buy recommendations.
- There were 2 hold recommendations and no sell recommendations from analysts.
Contemporary Amperex Technology (CATL) on Smartkarma
Independent analysts on Smartkarma have provided bullish insights on Contemporary Amperex Technology (CATL). Caixin Global reports that CATL’s Chairman, Zeng Yuqun, envisions a future where half of all lithium-ion batteries could be made with recycled lithium by 2042. This move towards eco-friendlier practices aligns with CATL’s focus on sustainable development, with the company already having a battery recycling capacity of 270,000 tons per year.
In a different report by Caixin Global, CATL’s use of artificial intelligence (AI) for discovering next-generation battery materials was highlighted. The company’s strong R&D efforts, with 20,000 people dedicated to innovation, have allowed CATL to maintain a leading position in the global power battery market, capturing 37.6% market share in the first seven months of 2024, as per South Korean research firm SNE Research.
A look at Contemporary Amperex Technology (CATL) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Contemporary Amperex Technology (CATL), a battery products manufacturing company, has received positive overall outlook scores according to Smartkarma Smart Scores. With a strong Growth score of 5 and Momentum score of 5, the company seems poised for long-term success in the market. CATL’s focus on innovation and expanding its product offerings is reflected in these scores, indicating a promising future ahead.
Despite not scoring as high in Value and Dividend factors, CATL demonstrates Resilience with a score of 4, showcasing its ability to weather market challenges. As a company that produces power battery materials and offers energy storage solutions, CATL is well-positioned to capitalize on the growing demand for sustainable energy solutions globally. Investors may find CATL an attractive option for long-term investment based on its strong growth prospects and resilience in the market.
Summary: Contemporary Amperex Technology Co., Limited is a battery products manufacturing company specializing in power battery materials, energy storage solutions, and battery recycling services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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