New Stock News | CATL has passed the Hong Kong Stock Exchange hearing, and the company is actively promoting the construction of overseas factories

Zhitong
2025.05.06 01:43
portai
I'm PortAI, I can summarize articles.

CATL has passed the listing hearing on the main board of the Hong Kong Stock Exchange, with sponsors including China International Capital Corporation, JP Morgan, Goldman Sachs, and UBS. The company is actively promoting the construction of factories in Hungary, Spain, and Indonesia, primarily engaged in the research, development, production, and sales of power batteries and energy storage batteries. The revenues for the years 2022, 2023, and for the period ending September 30, 2024, were 328.6 billion yuan, 400.9 billion yuan, and 259.0 billion yuan, respectively, with net profits of 33.5 billion yuan, 47.3 billion yuan, and 38.8 billion yuan, respectively. In 2023, 32.7% of the operating revenue came from overseas

According to the Hong Kong Stock Exchange's disclosure on May 6, CATL (Contemporary Amperex Technology Co., Limited) has passed the listing hearing on the main board of the Hong Kong Stock Exchange, with sponsors including China International Capital Corporation, JP Morgan, Goldman Sachs, and UBS. According to the prospectus, the company is actively promoting the construction or preparation of its factory in Hungary, the joint venture factory with Stellantis N.V. in Spain, and the battery industry chain project in Indonesia.

According to the prospectus, the company mainly engages in the research and development, production, and sales of power batteries and energy storage batteries, aiming to promote the replacement of mobile fossil energy and fixed fossil energy, and achieve integrated innovation in market applications through electrification and intelligence. As of September 30, 2024, the company has established six major R&D centers and thirteen battery manufacturing bases globally, with service outlets covering 64 countries and regions. The company serves the widest range of customers and end-users globally, and as of the end of November 2024, it has achieved a cumulative installation of approximately 17 million power batteries, with one in every three new energy vehicles globally equipped with CATL batteries, and energy storage batteries applied in over 1,700 projects worldwide.

In terms of finance, the company's revenue for 2022, 2023, and the nine months ending September 30, 2024, was RMB 328.6 billion, RMB 400.9 billion, and RMB 259 billion, respectively. The net profit for 2022 and 2023 was RMB 33.5 billion and RMB 47.3 billion, respectively, with a year-on-year growth of 41.5% in 2023; for the nine months ending September 30, 2023, and September 30, 2024, the net profit was RMB 32.5 billion and RMB 38.8 billion, respectively, with a year-on-year growth of 19.2% in the first nine months of 2024.

In 2023, 32.7% of the company's operating revenue came from overseas. As of September 30, 2024, the company has established over 730 after-sales service stations globally, including 156 overseas after-sales service stations. As of September 30, 2024, the company has 13 battery production bases worldwide. In addition to China, the company has built a battery production base in Thuringia, Germany, becoming the first battery manufacturer in the world to obtain module certification from the Volkswagen Group and the first in Europe to obtain cell certification from the Volkswagen Group

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.