China Market Update: CATL Sees 3rd Massive Net Buy Day While …

Mar 13, 2024 · The buying was concentrated in the Hong Kong Tracker ETF and, to a lesser degree, the Hang Seng Tech and China Enterprise ETFs as they bought the dip. Hong Kong …

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Exclusive-Chinese Giant CATL Pushes Beyond Batteries Into Power …

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2 days ago · A GIANT 'GREEN GRID' MARKET. CATL’s energy-storage business grew 33% last year, outpacing its EV-battery business. But Zeng sees a much bigger opportunity for CATL by …

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China Market Update: Third Plenum Communique Release And …

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Jul 18, 2024 · Mainland investors used the Hong Kong dip as a buying opportunity via Southbound Stock Connect with $306mm of net buying, with Tencent a large net buy for the …

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China Market Update: CATL & Tesla In Talks, Tencent Buyback …

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Mar 26, 2024 · Hong Kong-based developer China Resources Land Group gained +2.26%; its results were a miss, but not a disaster. Hong Kong’s most heavily traded stocks by value were …

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China's CATL Sees Faster Profit Growth In Q3 | Reuters

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Oct 18, 2024 · CATL made a net profit of 13.14 billion yuan ($1.85 billion) in July-September, while its revenue fell 12.5% year-on-year to 92.3 billion yuan.

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China EV Battery Maker CATL Expects Weaker Earnings Growth For …

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Jan 30, 2024 · CATL expects 2023 net profit of between 42.5 billion yuan and 45.5 billion yuan ($5.92-6.34 billion), up 38.3-48.1% from a year earlier, a Shenzhen Stock Exchange filing …

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China’s Battery Giant CATL Hit By Profit Fall - Financial Times

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Mar 15, 2024 · CATL ’s revenues were Rmb401bn ($56bn) in 2023, up 22 per cent year on year but missing analysts’ forecasts of Rmb411.1bn and much slower growth than the 152 per cent …

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CATL Charges Up While Investors Should Ask If It’s Not ... - Forbes

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Jan 31, 2024 · Preliminary results roll in, with CATL gaining +7.7% after yesterday’s strong release though Tianqi Lithium fell -7.72% as net income is expected to fall from -62% to -72%. …

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China Market Update: Mainland Sees Massive Buying, Hong Kong …

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Apr 26, 2024 · Real estate was the top-performing sector in Mainland China, where it gained +5.42% and Hong Kong, where it gained +7.09%, following the Bloomberg article highlighting …

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FAQs about China Market Update: CATL Sees 3rd Massive Net Buy Day While … Coupon?

How much did mainland investors buy in southbound stock connect?

Southbound Stock Connect volumes were light as Mainland investors bought $306mm of Hong Kong stocks and ETFs, with Tencent a large net buy, the Hong Kong Tracker ETF a moderate net sell, and Meituan a small net sell. ...

Will CATL make a profit in 2023?

CATL expects 2023 net profit of between 42.5 billion yuan and 45.5 billion yuan ($5.92-6.34 billion), up 38.3-48.1% from a year earlier, a Shenzhen Stock Exchange filing showed. That compares with a 92.89% net profit gain in 2022. ...

Does CATL have a global EV battery market?

CATL enjoyed a 37 per cent share of the global EV battery market last year, 21 percentage points ahead of its biggest competitor, Chinese rival BYD, according to South Korea’s SNE Research. However, CATL’s international ambitions are clouded by geopolitical tensions. ...

How did CATL perform in 2023?

CATL ’s revenues were Rmb401bn ($56bn) in 2023, up 22 per cent year on year but missing analysts’ forecasts of Rmb411.1bn and much slower growth than the 152 per cent in 2022. Fourth-quarter net income fell 1.2 per cent from a year earlier to Rmb13bn, CATL’s first quarterly profit decline since January-March 2022. ...

What percentage of China's EV battery market is CATL vs BYD?

Last year, CATL made up 43.11% of its home market, as measured by battery installations in China-made EVs, down from 48.2% in 2022, data from the China Automotive Battery Innovation Alliance (CABIA) showed. BYD and third-placed CALB saw their combined market share rise to 35.7% in 2023 from the prior year's 29.98%, the data showed. ...

How much EV batteries did CATL sell last year?

CATL sold $40 billion worth of EV batteries last year, up from $33 billion a year earlier. Hitting Zeng’s goal for electric grids of tenfold revenue growth would put the battery maker on par with state oil giants Sinopec and PetroChina, China’s largest companies. ...