CATL(SZ:300750) 智通财经网·2025-11-17 05:43Core Viewpoint - CATL's stock price has declined nearly 4% amid news of a significant share reduction by a major shareholder, raising concerns about potential selling pressure and market sentiment [1] Group 1: Shareholder Actions - CATL's co-founder and third-largest shareholder, Huang Shilin, plans to reduce his stake by transferring 45.6324 million shares, representing 1% of the total share capital [1] - The estimated market value of this share reduction is approximately 18.44 billion yuan based on the closing price of 404.12 yuan on the announcement day [1] - Even at a minimum transfer price of 70% of the market value, the shares would still be worth over 10 billion yuan [1] Group 2: Market Analysis - JPMorgan has advised caution regarding the actual constraints of CATL's recent 200GWh energy storage battery order from Haibosi [1] - Starting from November 20, nearly 50% of the H-share IPO locked shares will be unlocked, with about 77.5 million shares facing potential selling pressure [1] - Despite these concerns, CATL is expected to be included in the Hang Seng Tech Index, which may trigger passive fund inflows [1] Group 3: Price Target Adjustments - JPMorgan has lowered its price target for CATL from 600 HKD to 575 HKD, while the A-share target price is set at 480 yuan [1]