Battery Giant CATL Postpones Release of Q1 Report
Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) announced on Sunday night that in order to ensure the quality and accuracy of its information disclosure, the release time of its first quarterly report for 2022 has been postponed from April 28 to April 30.
Analysts said that the delayed disclosure of the Q1 report has caused speculation among the company’s shareholders. After April 30, the five-day May Day holiday in China may have been considered by the firm to reduce the report’s impact. At present, the overall operation conditions of the market might make it difficult to support a strong reversal by CATL.
On the evening of April 21, CATL released its 2021 financial report. It shows that the firm’s operating income last year was 130.356 billion yuan ($20.1 billion), a year-on-year increase of 159.06%. The net profit attributable to shareholders of listed companies was 15.931 billion yuan, a year-on-year increase of 185.34%.
As of December 31, 2021, the total assets of CATL were about 307.667 billion yuan, an increase of 96.44% compared with the end of 2020.
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Power battery sales represent CATL’s main source of income, and the company’s operating income for this sector was about 91.5 billion yuan, accounting for over 70% of the total. Data show that in 2021, the sales volume of lithium-ion batteries by CATL was 133.41 GWh, up 184.82% year-on-year, among which the sales volume of power battery systems was 116.71 GWh, up 162.56% year-on-year.
In addition, since December last year, the stock price of CATL has fallen by nearly 40%. Public information indicates that as of the close of April 22, CATL’s share price was reported at 415.34 yuan per share, with a total market value of 968.1 billion yuan – showing that the market value has fallen below the trillion yuan scale.