- CATL reported a net income of 13.96 billion yuan for the first quarter, which is a 33% increase compared to the previous year and exceeded the market estimate of 13.8 billion yuan.
- The company’s revenue for the first quarter was 84.71 billion yuan, showing a 6.2% year-on-year increase, though it fell short of the expected 95.46 billion yuan.
- Earnings per share (EPS) increased to 3.18 yuan from 2.39 yuan in the same quarter last year.
- Research and development (R&D) expenses for the quarter were 4.81 billion yuan, marking an 11% increase year-on-year.
- Market analysts have a positive outlook on CATL, with 54 buy ratings, 1 hold, and no sell recommendations.
Contemporary Amperex Technology (CATL) on Smartkarma
Analyst coverage of Contemporary Amperex Technology (CATL) on Smartkarma has been positive recently. In one report by Sumeet Singh titled “CATL A/H Listing – Thoughts on A/H Premium,” CATL, a leading battery solutions provider, aims to raise at least US$5bn in its H-share listing. Singh highlights CATL’s position as a global leader in new energy vehicle battery solutions and discusses the company’s past performance. Another report by Singh, “A/H Premiums and past A/H Listings Performance Data – Mixed Results but Size Matters,” delves into the overall A/H premiums currently and past A/H listing performance, indicating mixed results with some exceptions.
Additionally, Manishi Raychaudhuri‘s report “Asian Equities: Keep an Eye on These Earnings Inflections” focuses on earnings inflections in Asia, with a particular emphasis on sectors showing upward earnings trends. Financials dominate the identified market-sectors undergoing positive earnings inflections, suggesting a broader macroeconomic recovery in Asia. The report identifies nine market-sectors across various Asian regions driving upgrades, highlighting the potential share price catalysts associated with these positive earnings trends.
A look at Contemporary Amperex Technology (CATL) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Contemporary Amperex Technology (CATL) is set to thrive in the long term, based on its impressive Smart Scores. With a top score of 5 in both Growth and Resilience, CATL is positioned to experience substantial expansion and weather market challenges effectively. Additionally, the company earns a solid score of 3 in Dividend, indicating a promising potential for dividend payouts. Although scoring lower in Value and Momentum at 2 each, CATL’s high scores in key areas bode well for its future prospects.
Contemporary Amperex Technology Co., Limited, known for manufacturing battery products, showcases a strong outlook with its high Growth and Resilience scores. Specializing in power battery materials and energy storage solutions, CATL is at the forefront of innovation in the battery industry. Furthermore, the company’s commitment to sustainability is evident through its batteries recycling services, aligning with the growing focus on environmental consciousness in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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