CATL(SZ:300750) Zhi Tong Cai Jing·2025-09-25 05:46Core Viewpoint - The stock prices of CATL (Contemporary Amperex Technology Co., Limited) have surged over 4%, reaching a new high of 531.5 HKD, driven by strong demand in the electric vehicle and energy storage system markets [1] Group 1: Stock Performance - CATL's H-shares increased by 4.45%, trading at 528.5 HKD with a transaction volume of 1.039 billion HKD [1] - A-shares also rose nearly 5%, achieving a historical high [1] Group 2: Analyst Upgrades - CITIC Securities raised CATL's H-share target price by 25.2%, from 535 HKD to 670 HKD [1] - The upgrade is based on discussions at the 2025 World Energy Storage Conference, highlighting full production capacity and strong demand, particularly in the overseas energy storage system market [1] Group 3: Earnings Forecast - The earnings per share forecast for 2026 and 2027 has been increased by 9%, primarily due to a 10% upward revision in battery shipment projections [1] Group 4: Product Development - CATL is set to launch a new series of high-nickel batteries in the coming year, which will be used in leading new energy vehicles [1] - CATL maintains its leading position in the power battery and energy storage battery sectors, serving as a battery supplier for Chery Automobile, which recently listed on the Hong Kong Stock Exchange [1]