CATL Q1 Revenue Exceeds 129 Billion Yuan, Net Profit Attributable to Shareholders Up 48.52% YoY

Edited by Greg From Gasgoo

Gasgoo Munich- Gasgoo reported on April 15 that CATL released its first-quarter earnings for 2026, revealing revenue of 129.13 billion yuan, a 52.45% increase from a year earlier. Net profit rose 48.52% to 20.74 billion yuan, while net profit after deducting non-recurring items climbed 52.95% to 18.09 billion yuan. Basic earnings per share advanced 44.03% to 4.58 yuan.

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Image credit: CATL

Gasgoo previously reported that CATL generated 423.7 billion yuan in revenue for 2025, up 17.04%. Net profit attributable to shareholders surged 42.28% to 72.2 billion yuan, translating to a net margin of 17% — or roughly 200 million yuan in profit every single day.

CATL further solidified its global leadership in 2025. The company sold 661 GWh of lithium batteries over the year, a 39% jump. According to SNE Research, its share of the global power battery market rose 1.2 percentage points to 39.2%, securing the top spot for a ninth consecutive year. Notably, its overseas market share jumped to 30%. Cumulatively, its power batteries have now been installed in over 24 million vehicles worldwide.

In the rapidly expanding energy storage sector, CATL is also standing out. SNE Research data shows the company held a 30.4% share of global energy storage battery shipments in 2025, ranking first worldwide for the fifth year running. Its solutions have been deployed in approximately 2,300 projects globally.

To meet robust global demand, CATL is continuously expanding its delivery capabilities. By 2025, the company boasted the world's largest production footprint at 772 GWh, with another 321 GWh under construction at year-end. Construction of the Hungary plant and the Indonesian battery supply chain is proceeding steadily.

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