CATL(SZ:300750) Sou Hu Cai Jing·2025-07-31 01:21Group 1 - The solid-state battery sector is experiencing significant inflows, with the battery ETF (561910) seeing net inflows for three consecutive days as of July 30, and a nearly 40% increase in shares year-to-date [1] - Contemporary Amperex Technology Co., Ltd. (CATL) reported a revenue of 178.886 billion yuan for the first half of 2025, representing a year-on-year growth of 7.27%. The net profit attributable to shareholders was 30.485 billion yuan, up 33.33% year-on-year [1] - CATL's gross and net profit margins continue to recover, driven by the decline in lithium carbonate prices and long-term pricing agreements for overseas resources, along with product confirmation and market structure optimization [1] Group 2 - CATL's production capacity utilization rate was 90% in the first half of the year, indicating a positive trend for the second half based on inventory levels [1] - Regarding solid-state batteries, CATL is optimistic, stating that current challenges are engineering-related rather than scientific, with small capacity samples being developed. The goal is to achieve commercial production, with small-scale production targeted for 2027 and full commercialization expected by 2030, contingent on supply chain maturity [1]