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Net profit for the first half of the year reached nearly 43.3 billion yuan! Contemporary Amperex Technology Co., Limited (CATL) has unveiled two major shareholder return plans: a share buyback of up to 40 billion yuan and a cash dividend of nearly 6.5 billion yuan.

CATL, semi-annual report, counter-trend high growth

First-half net profit of 43.3 billion yuan, up 42% year-on-year. CATL launches the largest buyback plan in A-share history.

CATL plans to spend between 20 billion and 40 billion yuan to repurchase its A-shares.

On the evening of July 24, CATL released several major announcements in succession, covering its semi-annual results, dividend distribution, and share repurchase.

CATL's semi-annual report for 2026 showed that the company achieved operating revenue of 276.917 billion yuan in the first half of the year, a year-on-year increase of 54.8%. Net profit attributable to shareholders of the parent company reached 43.284 billion yuan, a year-on-year increase of 41.98%.

Regarding the interim dividend, CATL announced that its board of directors has formulated a 2026 interim dividend plan. The company intends to distribute 15% of the net profit attributable to shareholders of the parent company in the consolidated report for the first half of 2026, totaling 6.493 billion yuan, as a cash dividend. Based on the 4.598 billion shares eligible for participation, a cash dividend of 14.11 yuan (including tax) will be paid for every 10 shares held by all shareholders.

Alongside the semi-annual report, a share repurchase plan was also announced. CATL stated that it plans to use its own funds or self-raised funds to repurchase its A-shares through centralized bidding transactions. The total amount of repurchase funds will be no less than 20 billion yuan and no more than 40 billion yuan, with a maximum repurchase price of 573 yuan per share. The repurchased shares will be cancelled to reduce the company's registered capital, and the repurchase period is within 12 months from the date of approval by the shareholders' meeting. This will be the largest share repurchase plan in A-share history.

Regarding the repurchase quantity, the announcement noted that, based on the upper limit of the total repurchase funds of 40 billion yuan and the maximum repurchase price of 573 yuan per share, the estimated number of shares to be repurchased is 69,808,028, accounting for approximately 1.51% of the company's current total share capital. Based on the lower limit of the total repurchase funds of 20 billion yuan and the maximum repurchase price of 573 yuan per share, the estimated number of shares to be repurchased is 34,904,014, accounting for approximately 0.75% of the company's current total share capital. The specific number of shares repurchased will be based on the actual quantity repurchased at the end of the repurchase period.

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Responsible Editor: Shi Xiuzhen SF183