CATL net profit jumps 42% to RMB43.3B, unveils RMB40B buyback plan

CATL reported H1 net profit of RMB43.284 billion, up 42% YoY, and announced a buyback plan of as much as RMB40 billion.

The buyback plan, which is four to five times the size of the company's prior program, will see repurchased shares canceled to reduce registered capital, the company said in a filing. CATL completed an earlier RMB8 billion buyback plan in April 2026, repurchasing 15.9908 million A-shares for a total of RMB4.386 billion.

Earnings per share came in at RMB9.51 for the six months ended late June. The company declared an interim dividend of HKD1.629 per share, up 47.6% from HKD1.104 a year earlier. Revenue for the period was not yet disclosed.

CATL shares opened up 2.89% in Hong Kong on Monday, reaching HKD640 on turnover of HKD72.9 million. The stock's short-selling ratio stood at 36.4% as of July 24.

The battery maker's results come as China's EV market continues to expand, with CATL maintaining its position as the world's largest battery manufacturer by installed capacity. The enlarged buyback program signals management's confidence in the company's cash flow generation and capital position. Investors will watch for the company's full interim report for revenue details and segment margin breakdown.

This article is for informational purposes only and does not constitute investment advice.