CATL(SZ:300750) Xin Lang Cai Jing·2025-07-31 05:01Core Viewpoint - Bank of America Securities reported that CATL's revenue for the second quarter reached 94 billion yuan, representing an 8% year-on-year increase and an 11% quarter-on-quarter increase, driven by increased overseas sales, appreciation of the euro against the yuan, and more licensing income [1] Financial Performance - The company's gross margin exceeded expectations due to the aforementioned factors [1] - Net profit for the period grew by 34% year-on-year and 18% quarter-on-quarter, surpassing forecasts [1] Earnings Forecast - Bank of America raised CATL's earnings estimates for 2025 to 2027 by 3%, 5%, and 7% respectively, primarily reflecting upward revisions in electric vehicle battery revenue forecasts and increased unit net profit predictions [1] Target Price Adjustment - The target price for CATL was increased from 400 HKD to 475 HKD, with a reiterated "Buy" rating [1]