CATL Q1 Profit Tops Estimates, Shares Reach Records

Contemporary Amperex Technology Co. Limited (CATL), the world's leading electric vehicle battery manufacturer, reported first-quarter results on April 15 that exceeded analyst expectations, driving its shares to record highs while announcing a new subsidiary to bolster its supply chain amid global energy market disruptions.

The company posted revenue of 129.1 billion yuan ($18.93 billion) for the quarter ended March 31, a 52.5 percent increase from the previous year that surpassed estimates of 108.16 billion yuan. Net profit attributable to shareholders reached 20.74 billion yuan, up 48.5 percent year-over-year and ahead of forecasts ranging from 16.94 billion to 17.6 billion yuan. Operating profit stood at 26.7 billion yuan, with earnings per share rising to 4.58 yuan from 3.18 yuan a year earlier. These figures build on CATL's full-year profit of 72.2 billion yuan in 2025, which grew 42 percent from 2024.

The strong performance propelled CATL's shares higher across exchanges. Hong Kong-listed shares surged more than 10 percent to a record high of HK$724.50, while Shenzhen-listed shares climbed 7 percent to 460 yuan, also an all-time peak. Over the past 12 months, CATL's stock...