's revenue from abroad in the first half of the year amounted to RMB 67.17 billion, contributing 35.49 percent of its total revenue.

Chinese power battery giant CATL achieved revenue of RMB 100.21 billion ($14 billion) in the second quarter, the second highest on record after RMB 118.25 billion in the fourth quarter of last year, according to its financial report released today.

This represents a 55.87 percent increase from the same period last year and a 12.54 percent increase from the first quarter.

CATL reported a net profit of RMB 10.9 billion in the second quarter, up 63.13 percent year-on-year and up 10.97 percent from the first quarter.

Its gross margin was 21.96 percent in the second quarter, up from 21.27 percent in the first quarter and 21.85 percent in the same period last year.

In the first half of the year, CATL reported revenue of RMB 189.25 billion, up 67.52 percent year-on-year. Its net profit in the first half of the year was RMB 20.72 billion, up 153.64 percent year-on-year.

In the January-June period, CATL invested RMB 9.85 billion in research and development, up 70.77 percent year-on-year.

The power battery business contributed the most revenue for CATL in the first half, at RMB139.4 billion, or 73.7 percent. The gross profit margin of the business was 20.35 percent in the first half.

Its energy storage battery business contributed RMB 28 billion, or 14.8 percent, in the first half, with a gross margin of 21.32 percent.

Battery materials and recycling contributed RMB 12.68 billion, or 6.7 percent, of revenue in the first half, with a gross margin of 16.95 percent.

Battery mineral resources generated revenue of RMB 2.85 billion in the first half of the year, contributing 1.5 percent of revenue with a gross margin of 11.93 percent.

CATL's revenue from overseas in the first half amounted to RMB 67.17 billion, contributing 35.49 percent of total revenue.

CATL's installed battery volume in January to May was 86.2 GWh, up 59.6 percent from 54.0 GWh in the same period last year, according to data released earlier this month by South Korean market researcher SNE Research.

The power battery giant continued to rank No. 1 in the world with a 36.3 percent share, remaining the only battery supplier in the world with a market share of more than 30.0 percent.

($1 = RMB 7.1410)

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