CATL estimated that the net profit in the first three quarters will be 16.5 billion yuan to 18 billion yuan

The power battery leader CATL today released a performance forecast for the first three quarters of 2022. It is expected that the net profit attributable to the parent in the first three quarters will be 16.5 billion to 18 billion yuan, a year-on-year increase of 112.87%-132.22%. Among them, the net profit in the third quarter was 8.8 billion-9.8 billion yuan, a year-on-year increase of 169.33%-199.94%.

The announcement stated that the main reason for the increase in the performance of the reporting period compared with the same period of the previous year was that with the rapid development of the new energy industry at home and abroad, the market for the power battery and energy storage industry continued to grow. The company has continuously launched industry-leading product solutions, strengthened market development efforts, and increased the production capacity released in the previous layout, resulting in a significant increase in production and sales. While promoting the company's global market position, it has also achieved rapid growth in profit scale.

According to a report released by the research institute SNE Research, in August this year, among the top ten electric vehicle battery manufacturers by installed capacity, 6 were from domestic manufacturers, namely CATL, BYD, and China Innovation. The airline, Guoxuan Hi-Tech, Xinwangda, Honeycomb Energy. CATL is the largest supplier, with an installed capacity of 18GWh in August, compared with 7.9GWh in the same period last year, a year-on-year increase of 128.6%, and its share also increased from 32.7% in the same period last year to 39.3%.

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