Key Figures
- Revenue: 276.9 billion yuan (+54.8% YoY)
- Net income: 43.3 billion yuan (+42% YoY)
Highlights
- Strong results despite weaker momentum in the electric vehicle market.
- The main driver of growth was the energy storage business (Battery Energy Storage Systems).
- CATL announces a share buyback program worth 20–40 billion yuan — a strong signal from management and positive for earnings per share.