On January 21st, CATL announced that it expects the net profit attributable to shareholders of the listed company in 2024 to be between Yuan 49 billion and 53 billion, a year-on-year increase of 11.06% to 20.12%. During the reporting period, although the sales volume of the company's battery products increased, the prices of the company's products were adjusted accordingly due to the decrease in raw material prices such as lithium carbonate, resulting in a YoY decrease in operating revenue. The year-on-year increase in net profit is mainly due to the continuous enhancement of the company's technological research and development capabilities and product competitiveness.
Edited by Cassie Li, lixiangying@mysteel.com
