Contact Us

Home> New Energy> News detail

CATL sees significant improvement for Q2 net profit, compared with Q1

Shirley From Gasgoo| July 18 , 2018

China battery market news, CATL H1 net profit forecast

Shanghai (Gasgoo)- CATL's net profit attributable to shareholders of the parent company is expected to reach RMB 883.7616 million to RMB 938.4272 million in the first half of 2018, slumping 48.19% to 52.2% compared to the same period last year, according to the company's H1 financial forecast report.

During the first six months, it is expected that the net profit attributable to shareholders of the parent company excluding the extraordinary gains or losses will range between RMB 671.1016 million and RMB 712.613million, increasing from 31.43% to 39.56% year on year, thanks to the robust growth of battery shipment.

In the first half of 2017, CATL transferred the equity of Pride Power and gained profits from the equity transfer. Therefore, during the first half of 2018, CATL suffered an expected YoY revenue decline.

During the first half of 2018, CATL's shipment of battery reached 7.3GWh, leaping 90% year on year. As the NEV subsidies are phasing out, the battery prices slipped around 30%.

CATL forecasted that the net profit attributable to shareholders of the parent company excluding the extraordinary gains or losses in the second quarter will range between RMB 402.0318 million and RMB 443.5432 million with YoY drop ranging between 35.32% and 42.38% and MoM increase ranging from 49.41% to 64.84%. During the second quarter of 2018, CATL posted battery shipment of 4.2GWh with a YoY growth of 30%. 

From January to May, CATL's market shares continued to rise, with installed capacity reaching 5.7GWh and market share increasing to 46.5%. CATL also forecasted that the battery shipment will reach 21GWh, 31GWh and 43 GWh in 2018, 2019 and 2020 respectively with EPS of RMB 1.61, RMB 1.94 and RMB 2.25 respectively.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods.

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com.

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.