CATL: Net profit in the first half of the year increased by 10.37% year-on-year

On July 26, CATL released its 2024 semi-annual report, achieving total operating income of 166.77 billion yuan; net profit attributable to the parent company was 22.87 billion yuan, a year-on-year increase of 10.37%. As of the close of trading on July 26, CATL’s stock price was 189.35 yuan per share, with a total market value of approximately 832.9 billion yuan.

From January to May 2024, CATL’s global power battery usage market share was 37.5%, a year-on-year increase of 2.3 percentage points, ranking first in the world for 7 and a half consecutive years. According to statistics from relevant agencies, from January to June 2024, the company's energy storage battery shipments also maintained the world's largest market share.

In the first half of the year, the company launched a number of new products, such as Shenxing Plus battery, new generation Kirin high-power battery, the world's first 4C super-charged light commercial vehicle power battery "Tianxing L-Supercharged Edition", Tianheng Energy Storage system, fully demonstrating the company's continuous iterative innovation capabilities and industry-leading technical strength.

At present, domestically, some production lines at the Xiamen base and Guiyang base have been put into production, and the construction of the Beijing base started in June; overseas, the German factory has obtained the Volkswagen Group's module testing laboratory and battery cell testing laboratory. Certification, the Hungarian factory has completed the capping of some factory buildings and equipment debugging, and related construction work is progressing in an orderly manner. During the reporting period, the company's battery system output was 211GWh.

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Editor in charge: Guan Xuetao