The third quarter report of 2022 released by CATL showed that the company achieved operating income of 210.34 billion yuan in the first three quarters, a year-on-year increase of 186.72%; net profit attributable to shareholders of listed companies was 17.592 billion yuan, a year-

The third quarter report of 2022 released by CATL shows that the company achieved operating income of 210.34 billion yuan in the first three quarters, and increased by 186.72% year-on-year; net profit attributable to shareholders of listed companies was 17.592 billion yuan, a year-on-year increase of 126.95%; net profit attributable to shareholders of listed companies was 16.038 billion yuan, a year-on-year increase of 142.87%; basic earnings per share of was 7.47 yuan, a year-on-year increase of 123.24%.

Among them, the company achieved operating income of 97.369 billion yuan in the third quarter, a year-on-year increase of 232.47%; achieved net profit attributable to shareholders of 9.424 billion yuan, a year-on-year increase of 188.42%; and achieved net profit excluding non-operating items of 8.987 billion yuan, a year-on-year increase of 234.70%.

The company's gross profit margin fell by 8.56% in the first three quarters, and the period expense ratio decreased by 2.58%

2022 The company's gross profit margin was 18.95%, a year-on-year decrease of 8.56 percentage points; the net profit margin was 9.33%, a year-on-year decrease of 3.14 percentage points.

During the reporting period, the company's period expense ratio was 9.62%, a year-on-year decrease of 2.58 percentage points. Among them, the sales expense rate was 3.34%, a year-on-year decrease of 0.24 percentage points; the management expense rate was 2.13%, a year-on-year decrease of 0.91 percentage points; the R&D expense rate was 5.03%, a year-on-year decrease of 1.23 percentage points; the financial expense rate was -0.88%, a year-on-year decrease of 0.20 percentage points.

Cash flow In terms of the company's operating activities, the net cash flow generated by the company was 25.968 billion yuan, a year-on-year decrease of 9.48%.

Q3 gross profit margin was 19.27%, a decrease of 8.63 percentage points in the same period; net profit margin was 10.23%, a decrease of 2.81 percentage points in the same period last year. The period expense ratio was 8.94%, a year-on-year decrease of 3.23 percentage points. Among them, the sales expense rate was 3.65%, an increase of 0.12 percentage points year-on-year; the management expense rate was 1.87%, a decrease of 0.87 percentage points year-on-year; the R&D expense rate was 4.94%, a decrease of 1.21 percentage points year-on-year; the financial expense rate was -1.52%, a decrease of 1.27 percentage points year-on-year.

's global leading position in power batteries continues to increase

SNE data shows that the company's global power battery installed capacity from January to August 2022 was 102.2GWh, a year-on-year increase of 114.7%, and its global market share reached 35.5%. In August, the company's global installed capacity was 18GWh, with a global market share of 39.3%, an increase of 6.7 percentage points year-on-year, setting a record high. The company's global leading position in power batteries continues to increase.

Energy storage demand exploded, large-value orders are in hand

CATL has launched in-depth business cooperation with important North American reserve customers such as Nextera, Fluence, Powin, FlexGen, and Primergy, and won large-value orders.

html In September, the company announced a cooperation agreement with FlexGen, a U.S. energy storage technology platform and solution supplier, to supply 10GWh of advanced energy storage products to the latter within three years.

In October, the company announced an agreement with US utility and distributed photovoltaic and energy storage developer PrimergySolar to provide exclusive battery supply for Gemini photovoltaic and energy storage projects. The total investment of the project reached US$1.2 billion, and 690MWac/966MWdc solar panel and 1.416GWh energy storage system were deployed. After the project is completed, it will become one of the largest photovoltaic energy storage projects in the United States.

Looking ahead to the fourth quarter, the global wave of automobile electrification and energy storage is becoming more and more intense, and it continues to promote the company's shipments to increase. Leading battery companies are starting a new round of larger-scale production expansion. Energy storage business is accompanied by cost transmission, and profitability is expected to continue to be restored, and the company's growth will become increasingly prominent.