CATL(SZ:300750) 智通财经网·2025-08-11 06:49Core Viewpoint - Citigroup's report indicates that CATL (宁德时代) demonstrates strong profit defense capabilities during lithium price fluctuations, suggesting its ability to withstand shocks is superior to its peers [1] Company Summary - CATL maintains a "highly confident outperform" rating for its A-shares with a target price of 390 RMB and an "outperform" rating for its H-shares with a target price of 535 HKD [1] - The Yichun lithium mine factory of CATL has suspended production since August 10 due to the expiration of its mining license, which is linked to the government's crackdown on illegal lithium mining since July [1] - The impact of the Yichun factory's suspension on CATL's operations is expected to be limited due to the company's diversified lithium resource supply channels, allowing for quick shifts to third-party procurement if necessary [1] Industry Summary - The suspension of the Yichun factory may have significant ripple effects on the global lithium supply landscape, potentially raising market sentiment towards lithium prices [1] - Short-term upward risks for lithium prices are anticipated, which could suppress battery manufacturers' profits in the second half of the year [1]