CATL(SZ:300750) news flash·2025-06-25 03:16Core Viewpoint - Goldman Sachs initiates coverage on CATL (03750.HK) with a target price of HKD 343 and a "Buy" rating, projecting a strong growth trajectory for the company driven by robust sales growth, improved product mix, and unit profit expansion [1] Summary by Categories Financial Projections - The company is expected to achieve a compound annual growth rate (CAGR) of 25% in earnings per share from 2024 to 2030, supported by strong sales growth and product improvements [1] - Goldman Sachs forecasts that CATL's comprehensive unit gross margin will increase from RMB 152 per kWh this year to RMB 169 per kWh by 2030 [1] Market Position - CATL is anticipated to maintain approximately 40% of the global market share over the next five years, bolstered by supply integration in the Chinese domestic market and a strong presence in Europe and other regions [1] - The company's valuation is considered attractive compared to LG Energy Solution and Guoxuan High-Tech, with significant discounts in projected price-to-earnings ratios [1]