44亿分红后两度回购！宁德时代曾毓群：我们最不做的就是价格竞争，创新才是“反内卷”的解题思路

Core Viewpoint - The article discusses the recent performance and strategic actions of CATL, highlighting its resilience in the face of industry challenges and its commitment to innovation and quality over price competition [2][3][14]. Group 1: Financial Performance and Actions - CATL's stock has seen fluctuations, with a significant rise of over 30% in July, while its major holding, CATL, has been relatively stable [2]. - The company announced a cash dividend of 10.07 yuan per 10 shares, totaling approximately 4.41 billion yuan, and has engaged in share buybacks totaling around 2.07 billion yuan [2]. - In the first half of 2025, CATL reported revenues of 178.9 billion yuan, a year-on-year increase of over 7.2%, and a net profit of 30.5 billion yuan, up over 33% [12]. Group 2: Industry Context and Challenges - The lithium battery industry is facing significant challenges, with 65 out of 104 listed companies projected to see a decline in net profits in 2024, and over 60 companies experiencing a drop in gross margins [3]. - The recent suspension of CATL's lithium mine operations is expected to reduce domestic lithium supply by 8% monthly, leading to a significant increase in lithium carbonate futures prices [5][6]. Group 3: Strategic Direction and Innovation - CATL emphasizes the importance of value competition over price competition, advocating for high-quality products and innovation as key drivers for sustainable growth [14][22]. - The company is focused on developing advanced technologies and materials, aiming to lead in the electric vehicle battery sector and expand into new applications such as energy storage and electric maritime transport [26][29]. - CATL's commitment to sustainability is evident in its goal to achieve carbon neutrality across all battery factories by 2025, aligning with global trends towards zero-carbon infrastructure [31][32]. Group 4: Market Position and Future Outlook - CATL maintains a leading position in the global market, with a 38.1% share in the global power battery usage from January to May 2025 [12]. - The company is actively exploring new technologies and applications, including V2G (vehicle-to-grid) technology, which enhances the economic value of batteries beyond traditional uses [26][30]. - The future of the industry is seen as reliant on innovation and collaboration, with CATL positioning itself as a key player in the transition to a sustainable energy ecosystem [28][29].