continues to be good news, healing the injured stock price of "King Ning". On October 11, CATL opened 2.84% higher, rising continuously during the session. As of the closing of the day, the stock price per share was 416.3 yuan, with a 5.97% increase at the closing, with a transaction amount of 7.583 billion yuan and a total market value of 1.02 trillion yuan.
Previously, CATL's stock price has continued to fall for more than a month. Oriental Fortune shows that from August 24 to October 10 this year, the cumulative decline of CATL range reached 29.31%, while the cumulative decline of market during the same period was 15.52%. Analysts believe that CATL's market value returns to its trillion-dollar market value is its impressive performance expectations that give the capital market confidence.
CATL released its performance forecast for the first three quarters of this year, showing that the net profit attributable to shareholders of listed companies was 16.5 billion to 18 billion yuan, a year-on-year increase of 112.87% to 132.22%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 15 billion to 16.5 billion yuan, a year-on-year increase of 127.15% to 149.86%. This figure has exceeded the net profit attributable to shareholders of listed companies of 15.931 billion yuan last year. At the same time, CATL expects that the net profit attributable to shareholders of listed companies in the third quarter will be 8.8 billion to 9.8 billion yuan, a year-on-year increase of 169.33% to 199.94%, which also exceeds the total net profit of 8.168 billion yuan in the first half of this year. Regarding the reasons for the improvement in performance, relevant persons from CATL said that with the rapid development of the new energy industry at home and abroad, the market of power battery and energy storage industries continues to grow. The company continues to launch industry-leading product solutions, strengthen market development efforts, and release production and sales volumes in previous layouts, which significantly increases, while promoting the company's global market position to continue to lead, while also achieving rapid growth in profit scale.
Data released by the China Association of Automobile Manufacturers shows that the production and sales of new energy vehicles in the first nine months of this year were 4.717 million and 4.567 million respectively, an increase of 1.2 times and 1.1 times year-on-year, with a market share of 23.5%. Driven by the rapid growth of the new energy vehicle industry, the demand for power batteries has also continued to increase. Data released by the China Automobile Power Battery Industry Innovation Alliance shows that the cumulative installed capacity of domestic power batteries in the first nine months of this year was 193.7GWh, a year-on-year increase of 110.5%. In the first nine months of domestic power battery companies' vehicle loading volume rankings, CATL's cumulative vehicle loading volume reached 92.02GWh, with a market share of nearly 50%.
At the same time, data from South Korean research institute SNE Research shows that the cumulative installed capacity of CATL was 102.2GWh in the first eight months of this year, exceeding the installed capacity of 96.7GWh last year. It is understood that CATL customers include Tesla , Hyundai, Ford, Daimler , Great Wall, Ideal, NIO , etc. Not only in terms of power batteries, CATL also helps it increase its profits by establishing a "circle of friends" in energy storage. At present, CATL has signed a strategic cooperation agreement for with National Energy Group , China Energy Construction, China Huadian , Three Gorges Group , Sungrow Power Supply , Artes , Eaton and other companies.
In addition to its impressive performance forecast, CATL's continuously expanding production capacity has also continued to boost capital confidence. At present, CATL has 13 wholly-owned production bases around the world, distributed in Ningde, Fujian, Xining, Qinghai, Liyang, Jiangsu, Yibin, Sichuan, Zhaoqing, Guangdong, Yichun, Jiangxi, Xiamen, Guizhou, Gui'an, Shandong, , Luoyang, Henan, as well as Thuringian and , Hungary . The total planned battery production capacity is as high as 775GWh. Yan Jinghui, member of the Expert Committee of the China Distribution Association, believes that automobile electrification has become a future trend. As a core component, the demand for power batteries will continue to increase in the future, and CATL's continuous expansion will also lay the foundation for future production in advance.
In fact, CATL's profitability has been questioned due to the soaring price of raw materials. In the first quarter of this year, CATL's net profit was only 1.493 billion yuan, and the gross profit margin dropped to 14.48%, a decrease of 11.8 percentage points compared with the whole year of last year. CATL said that the decline in gross profit margin is because the company has been under pressure to increase the price of some raw materials. CATL Chairman Zeng Yuqun publicly stated, "The price of raw materials is too high, not ordinary high, and at the same time, the market supply is tight and the industrial chain surplus coexist."In this regard, CATL once revealed that in the third quarter of this year, due to the adjustment of the power battery system price, the improvement of capacity utilization rate and the implementation of cost reduction measures, the gross profit margin of the power battery sector will slightly improve compared with the first half of the year.
Beijing Business Daily reporter Liu Yang Liu Xiaomeng
