CATL’s annual net profit in 2022 is expected to jump 82.66% to 97.22% year-on-year

Shanghai (Gasgou)- CATL on Thursday expected annual net profit attributable to shareholders to rise 82.66% to 97.72% year-on-year to 29.1 billion yuan to 31.5 billion yuan ($4.326 billion to $4.682 billion) in 2022. He said he was.

Excluding the impact of certain non-recurring gains and losses, CATL’s full-year 2022 net profit will be between RMB 26.8 billion ($3.984 billion) and RMB 29.0 billion ($4.311 billion) Most likely, this should go up between 99.37% and 115.74%. Previous year.

Photo courtesy of CATL

CATL will increase investment in R&D and innovation business, relentless efforts to develop industry-leading products, solutions and services, stronger efforts to develop markets and deepen cooperation with customers, and This not only boosted both production and sales volumes significantly, but also contributed to rapid growth in profitability.

In addition, the company continued to implement cost reduction and efficiency measures and strengthened cost control, which improved overall profitability.

According to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA), China’s annual power battery installed capacity in 2022 will jump 90.7% year-on-year to 294.6GWh. Among China’s power battery manufacturers, CATL leads the way with an annual installed capacity of 142.02GWh, accounting for 48.2% of China’s total.