Contemporary Amperex Technology Co., Limited (CATL) reported third-quarter (July–September 2026) revenue of RMB165.22 billion, a 58.58% year-on-year increase, driven by continued expansion in its power battery and energy storage businesses. Net profit attributable to shareholders rose 14.54% to RMB21.25 billion, implying a quarterly net margin of 12.9% versus roughly 17.8% in the prior-year period, reflecting faster growth in cost of sales and foreign-exchange effects.

For the nine months to 30 September 2026, revenue reached RMB442.14 billion, up 56.19% from a year earlier, while attributable net profit advanced 31.60% to RMB64.53 billion. Excluding non-recurring items, core net profit increased 32.68% to RMB57.88 billion. Basic and diluted earnings per share for the period were both RMB14.13, 28.22% higher year on year. Weighted average return on equity slipped 0.12 percentage points to 17.64%.

Operating costs climbed 61.61% to RMB341.70 billion for the nine-month period, outpacing revenue growth and exerting pressure on profitability. Net cash generated from operating activities fell 23.60% to RMB61.63 billion, reflecting higher working-capital requirements; inventories surged 53.15% to RMB144.77 billion and accounts receivable jumped 47.78% to RMB112.91 billion. Finance costs moved to a net expense of RMB1.45 billion from a RMB7.02 billion credit a year earlier, mainly due to foreign-exchange losses.

Total assets expanded 21.37% since year-end 2025 to RMB1.18 trillion, supported by a 10.9% rise in cash to RMB369.81 billion and a 25.8% increase in fixed assets, construction-in-progress and right-of-use assets to RMB231.86 billion. Net assets attributable to shareholders stood at RMB386.88 billion, up 14.76%. On the liability side, short-term borrowings more than tripled to RMB39.90 billion, notes payable rose 48.08% to RMB152.93 billion, and bonds payable reached RMB52.74 billion following new issuances, lifting total liabilities to RMB759.96 billion.

Key corporate actions in the quarter included:

1. Share repurchase: CATL initiated an A-share buyback program of up to RMB40 billion. By 30 September 2026, 10.95 million A-shares (0.25% of share capital) had been repurchased for RMB3.30 billion at prices between RMB286.53 and RMB331.61 per share.

2. Subsidiary bond plan: Guangdong Brunp Recycling Technology Co., Ltd., a CATL subsidiary, obtained shareholder approval to register and issue bonds of up to RMB5 billion to support capacity expansion and optimize its capital structure.

3. Second 2026 employee stock ownership plan (ESOP): The board approved an ESOP involving up to 8.08 million repurchased A-shares at a transfer price of RMB158.42 per share, pending shareholder approval.

Shareholder structure remained concentrated, with Xiamen Ruiting Investment holding 22.04% and Hong Kong Securities Clearing Company holding 17.30%. The total number of ordinary shareholders at quarter-end was 345,175.

The unaudited figures were prepared under China Accounting Standards for Business Enterprises and disclosed in compliance with Hong Kong Listing Rules and PRC regulations.