CATL (.SZ)_ 2024 NP +15% YoY, Maintain as Top Pick
2025-03-19 15:50
Flash | 16 Mar 2025 16:03:30 ET │ 16 pages CATL (300750.SZ) 2024 NP +15% YoY, Maintain as Top Pick CITI'S TAKE CATL reported 2024 net profit at Rmb50.7bn, up 15% YoY, and core net profit at Rmb45.0bn, up 12% YoY, both in line with the results pre- announcement. 4Q24 bottom line came in at Rmb14.7bn, up 13.6% YoY and up 12.2% QoQ, and core net profit at Rmb12.8bn, -2.2% YoY and +5.7% QoQ. Adjusted 4Q GP margin at 26.1%, down 4.5ppt QoQ while still 0.9ppt higher YoY. The company proposed Rmb4.553/sh cash divi ...