- CATL’s net income for the financial year was 44.12 billion yuan, a 44% increase from the previous year. This surpassed estimates which were set at 43.7 billion yuan.
- The company’s revenue was 400.92 billion yuan, showing a 22% increase year on year. However, this was slightly below the estimated 411.06 billion yuan.
- Power battery revenue reached 285.25 billion yuan, growing by 21% compared to the previous year. This figure was lower than the estimated 293.15 billion yuan.
- Energy Storage revenue stood at 59.9 billion yuan, a 33% increase from the previous year. This was below the estimated revenue of 63.17 billion yuan.
- Other revenue was 14.43 billion yuan, a decrease of 12% from the previous year. This was lower than the estimated 18.19 billion yuan.
- Research and Development expenses were 18.36 billion yuan, an increase of 18% from the previous year. This was lower than the estimated 21.04 billion yuan.
- The Power battery gross margin was 22.3%, higher than the estimated 20.6%.
- EPS was 11.7790 yuan, a significant increase from 7.1553 yuan the previous year.
- CATL’s net income increased by 43.6%.
- The company received 42 buys, 3 holds, and 0 sells.
Contemporary Amperex Technology (CATL) on Smartkarma
Contemporary Amperex Technology (CATL) has been receiving a lot of attention from independent analysts on Smartkarma, an investment research network. In a recent report by Travis Lundy, it was noted that Mainland Connect NORTHBOUND net flows were heavily on the buy side for the fifth week in a row. This buying trend was seen across almost every sector, with a total net buying of RMB 23.5 billion in A-shares. This increase in buying activity could be attributed to the upcoming Two Sessions starting on Monday. Lundy’s report also includes a monitor for Mainland Connect NORTHBOUND flows, which provides insights and charts for investors to analyze.
In another report by Caixin Global, it was revealed that CATL has set up a joint venture with ride-hailing company Didi Global Inc. to provide battery swapping services for Didi’s electric vehicles. This move by CATL is seen as a way to expand beyond production and into downstream businesses, as it faces competition from other EV battery producers like BYD Co. Ltd. This partnership with Didi is not CATL’s first foray into battery swapping, as it aims to broaden its market reach.
In a report by Travis Lundy, it was noted that there was a significant amount of net selling in Mainland NORTHBOUND Connect, reaching its peak on Wednesday before pausing on Thursday and resuming on Friday. This selling trend was seen across most sectors, including renewables, which saw persistent net selling. It is still unclear what is causing this trend, but Lundy’s report provides charts and tables for investors to make informed decisions.
In a recent report by Travis Lundy, it was revealed that CATL was the big buy of the week for Mainland NORTHBOUND Connect. Although the week ended with a slight net sell of RMB 2.2 billion, it was observed that CATL was the top buy during this period. Lundy’s report includes charts and tables that show the change in weekly positions for the past year, making it easier for investors to track market trends.
A look at Contemporary Amperex Technology (CATL) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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) has a positive long-term outlook, according to the Smartkarma Smart Scores. The company scores a 2 out of 5 in Value, indicating its stock may be undervalued. However, it scores a 5 out of 5 in Growth, suggesting strong potential for future growth. CATL also scores a 4 out of 5 in Resilience, showing its ability to weather economic downturns. While its Dividend score is only a 3 out of 5, indicating moderate dividend potential, CATL’s Momentum score of 3 out of 5 suggests a stable and consistent performance in the stock market.
CATL is a battery products manufacturing company, specializing in power battery materials, energy storage batteries, and other related products. With a focus on sustainability, the company also offers battery recycling services. The Smartkarma Smart Scores show that CATL has a strong potential for growth and resilience, making it an attractive investment option for the long-term. While its dividend potential may not be as high as other companies, its consistent performance in the stock market makes it a stable choice for investors.
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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