CATL Earns 21.2 Billion Yuan in 92 Days! Latest Results Announced
Deep News
Oct 20
On the evening of October 20, CATL (ASX: 03750) announced that its third-quarter revenue was 165.221 billion yuan, up 58.58% year-on-year; net profit was 21.246 billion yuan, up 14.54% year-on-year.
This is equivalent to the company earning 230 million yuan per day in the third quarter.
For the first three quarters, revenue was 442.137 billion yuan, up 56.19% year-on-year; net profit was 64.530 billion yuan, up 31.60% year-on-year.
The revenue growth was mainly driven by business expansion leading to increased income.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.