- CATL shares jumped 9% in early Hong Kong trading on Thursday, following the release of its first-quarter earnings.
- The battery giant saw its first-quarter net profit climb 48.5%, as revenue surged over 50%.
Shares of CATL surged in Hong Kong trading on Thursday, following the company's release of a strong first-quarter earnings report yesterday.
As of press time, the Chinese battery manufacturing giant's stock jumped 9% to HK$714.5 per share in early trading, pushing its market capitalization to HK$3.26 trillion.
The company achieved a net profit of 20.74 billion yuan ($3.04 billion) in the first quarter, representing a 48.52% year-on-year increase.
CATL realized a revenue of 129.13 billion yuan in the first quarter, representing a 52.45% year-on-year increase, primarily driven by the continued strong growth of its main business.
Despite achieving strong annual growth, the first-quarter net profit still saw a 10% quarter-on-quarter decline compared to the fourth quarter of 2025.
CATL also said yesterday that its board has approved the establishment of a new subsidiary with a registered capital of 30 billion yuan, to serve as a management and operation platform in the new energy mining sector.
The company recently hired Chen Jinghe, founder and former chairman of Zijin Mining, as a senior advisor, who will be used to help CATL expand its mineral supply chain business.
In addition, Bloomberg reported on Monday that CATL is considering a share offering to raise up to $5 billion in Hong Kong.
Investors are now also looking forward to the CATL Tech Day 2026 event, which the company will host at 7 pm on April 21.
At the upcoming event, CATL is expected to announce the latest battery technology advancements, which could further consolidate its leadership position in the industry.
As the largest EV battery maker, CATL continued to dominate the global market with a 39.2% share in 2025, according to data from SNE Research.
($1 = 6.8212 yuan)
