Core Viewpoint - The announcement presents the interim financial results of Contemporary Amperex Technology Co., Limited (CATL) for the six months ending June 30, 2025, highlighting significant growth in revenue and profit, driven by the increasing demand for electric vehicle batteries and energy storage solutions [1][3]. Financial Summary - Revenue for the reporting period reached RMB 178.89 billion, representing a 7.27% increase compared to RMB 166.77 billion in the same period last year [3]. - Profit attributable to shareholders was RMB 30.51 billion, up 33.02% from RMB 22.94 billion year-on-year [3]. - The net cash generated from operating activities was RMB 58.69 billion, a 31.26% increase from RMB 44.71 billion in the previous year [3]. - Basic earnings per share rose to RMB 6.92, reflecting a 32.82% increase from RMB 5.21 [3]. - Total assets at the end of the reporting period were RMB 867.18 billion, a 10.24% increase from RMB 786.66 billion at the end of the previous year [3]. Industry Overview - The global demand for electric vehicles (EVs) continues to grow, with 7.52 million units sold in the first five months of 2025, marking a 32.4% year-on-year increase [11]. - In China, 5.88 million new energy vehicles were sold in the first half of 2025, with a penetration rate of 50.4%, indicating a 34.3% increase year-on-year [11]. - The global battery usage for electric vehicles reached 401.3 GWh in the first five months of 2025, reflecting a 38.5% increase compared to the same period last year [11]. Energy Storage Sector - The energy storage battery market is experiencing rapid growth, with China's new energy storage installations reaching 42.6 GWh in the first half of 2025, a 27.5% increase year-on-year [4]. - Globally, the total installed capacity of battery energy storage systems reached 86.7 GWh in the first half of 2025, representing a 54% increase [4]. Battery Materials and Recycling - The production of ternary and lithium iron phosphate cathode materials in China reached 192.3 million tons in the first half of 2025, a 61.1% increase year-on-year [5]. - The company holds a 38.1% market share in global power battery usage as of the first five months of 2025, an increase of 0.6 percentage points from the previous year [5]. - The recycling of lithium batteries in China reached 388,000 tons in the first half of 2025, a 5.2% increase year-on-year [9]. Company Operations - The company is a leading global player in the research, production, and sales of power batteries and energy storage batteries, with a focus on innovative solutions for fossil energy replacement [6]. - It has established six R&D centers and thirteen manufacturing bases worldwide, covering a broad customer base in both power and energy storage sectors [6]. - The company emphasizes a comprehensive and advanced product matrix, catering to various applications including passenger vehicles, commercial vehicles, and emerging applications [12].