CATL's first half performance declines -Lithium - Ion Battery Equipment

CATL's first-half results are expected to decline -Lithium - Ion Battery Equipment

On July 12, the power lithium battery "unicorn" CATL announced its 2018 semi-annual performance forecast. The company expects to achieve a net profit of 883.7616 million yuan to 938.4272 million yuan in the first half of the year, a decrease of 51.20% to 48.19% compared with the same period last year.

Regarding the reasons for the decline in performance, CATL said that the main reason is the impact of the disposal income obtained from the transfer of the equity of Beijing Pride New Energy Battery Technology Co., Ltd. in the same period last year.(Lithium - Ion Battery Equipment)

According to public information, CATL's predecessor, CATL Limited, was established by CATL Investment with monetary capital, with a registered capital of 1 million yuan. On December 16, 2011, CATL Co., Ltd. obtained the business license issued by the Administration for Industry and Commerce of Jiaocheng District, Ningde City. On November 25, 2015, CATL Co., Ltd. held a shareholders' meeting. All shareholders unanimously agreed to set up a joint stock limited company with the base date of October 31, 2015, and the company name was changed to "CATL New Energy Technology Co., Ltd. company".

On June 11 this year, CATL was officially listed, and several daily limits continued to appear, surpassing Wen's Shares (300498) to top the largest stock market value on the GEM. However, CATL stock price turned downward.

On July 9, German time, CATLCATL and the state government of Thuringia, Germany signed an investment agreement to invest 240 million euros to set up a battery production base and an intelligent manufacturing technology research and development center in Erfurt, Thuringia, Germany. On the same day, BMW said it would purchase batteries worth $4.7 billion (about 31.07 billion yuan) from CATL, and the new Erfurt plant in Thuringia will be responsible for supplying batteries worth $1.76 billion. Affected by the news, the company's stock price rose again.

This afternoon, CATL's share price directly rose to the daily limit, at 84.77 yuan, a new high since its listing, and the corresponding market value reached 184.2 billion yuan, continuing to lead other GEM stocks.

CATL said on the interactive platform today that it has not yet supplied TSLA. In addition, in response to Typhoon Marysu, which will hit Ningde, Fujian, in the near future, CATL stated that the current production and operation are normal.



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