CATL(SZ:300750) Xin Lang Cai Jing·2026-01-12 02:58Group 1 - The core viewpoint of the article highlights the significant drop in the stock price of CATL (宁德时代), which fell over 4% to 477.2 HKD, with a trading volume of 675 million HKD [1] - Lithium carbonate prices have surged dramatically since early December, breaking through multiple price thresholds, reaching 156,060 RMB per ton, reflecting a rebound of over 150% from the low in June of the previous year [1] - The Ministry of Finance and the State Taxation Administration announced a reduction in the export tax rebate rate for battery products from 9% to 6% starting April 1, 2026, and the complete cancellation of the rebate from January 1, 2027 [1] Group 2 - Huatai Securities views the adjustment of the export tax rebate as a staggered reduction, providing a buffer period for the lithium battery industry, anticipating two rounds of export rush before the rebate changes take effect [1] - The reduction in export tax rebate rates is expected to elevate the overseas prices of corresponding products, benefiting companies with existing overseas production capacity and potentially enhancing their profitability [1] - The article emphasizes a positive outlook for leading battery manufacturers with established overseas production capabilities in light of the anticipated price increases [1]