CATL(300750) 搜狐财经·2025-03-26 08:38Core Insights - CATL has added over 6,000 patents in the past year, with a total of more than 16,000 patents authorized, marking a nearly 62% year-on-year increase [3][4] - The company has initiated supply chain due diligence in response to the EU Battery Regulation, which has come into effect, imposing stricter requirements on battery companies [8][9] - CATL's 2024 ESG report reveals a carbon emission of 5.9519 million tons of CO2 equivalent for operational scope, with a target for carbon neutrality by 2025 for core operations and by 2035 for the entire value chain [6][7] Patent and Legal Disputes - CATL has been involved in escalating patent disputes, particularly with Zhongxin Innovation, filing lawsuits for patent infringement and seeking compensation totaling 260 million RMB [4][5] - The company has won several cases against Zhongxin Innovation, receiving nearly 100 million RMB in compensation, although Zhongxin Innovation plans to appeal [4][5] Carbon Emission and Sustainability Efforts - The company reported a 5% increase in operational carbon emissions compared to 2023, but a reduction of over 20% in emission intensity [6][7] - CATL has achieved a recycling rate of 99.6% for nickel, cobalt, and manganese, and 93.8% for lithium, with a total of 128,700 tons of waste battery recycling in 2024 [7][8] Supply Chain Management - CATL has 799 direct material suppliers, with 97% based in mainland China, and has begun supply chain due diligence in line with the EU Battery Regulation [8][9] - The company has set zero-carbon electricity usage targets for core raw material suppliers, achieving a reduction in carbon footprints across various supplier categories [9][10] Financial Performance - In 2024, CATL reported revenue of 362.013 billion RMB, a decrease of 10% year-on-year, while net profit attributable to shareholders increased by 15% to 50.745 billion RMB [14] - The company holds a 37.9% global market share in power batteries and a 45.1% share in the domestic market, with a 48.6% year-on-year increase in energy storage battery shipments [14]