CATL(SZ:300750) Cai Jing Wang·2025-10-21 10:39Core Viewpoint - CATL reported strong financial performance in Q3 2023, with significant growth in revenue and net profit, indicating robust operational capabilities and market position [1][5]. Financial Performance - In Q3 2023, CATL achieved total revenue of 104.19 billion yuan, a year-on-year increase of 12.90% [2][5]. - The net profit attributable to shareholders reached 18.55 billion yuan, reflecting a substantial growth of 41.21% compared to the same period last year [2][5]. - For the first three quarters of 2023, CATL's revenue totaled 283.07 billion yuan, up 9.28% year-on-year, while net profit grew by 36.20% to 49.03 billion yuan [5]. Market Position - CATL maintained a leading position in the domestic power battery market with a market share of 42.75% as of September 2023, despite a year-on-year decline of 3.1 percentage points [6][7]. - In the global market, CATL's battery installation volume was 254.5 GWh for the first eight months of 2023, with a market share of 36.8%, down 0.9 percentage points from the previous year [8][9]. Production Capacity and Expansion - CATL is accelerating its global production capacity expansion, with significant projects underway in China and abroad. The company plans to add over 100 GWh of energy storage capacity at its Jining facility by 2026 [10]. - The German factory is expected to start production in 2024, while the Hungarian factory's first production line is set to be completed by the end of 2025 [10].