CATL (HKG: 3750) reported third-quarter net income of RMB 18.5 billion ($2.6 billion), a 41.21 percent year-on-year increase, according to financial results released today.
The Chinese battery giant recorded third-quarter revenue of RMB 104.2 billion, up 12.90 percent year-on-year.
Net income excluding non-recurring gains and losses reached RMB 16.4 billion, a 35.47 percent year-on-year increase.
From January to September, the company’s net income totaled RMB 49 billion, up 36.20 percent year-on-year.
Its revenue for the January-September period totaled RMB 283.1 billion, a 9.28 percent increase year-on-year.
CATL, China’s largest battery supplier, installed 32.51 GWh of power batteries in September, according to data from the China Automotive Battery Innovation Alliance (CABIA).
It maintained its top position in September with a 42.81 percent market share, up 0.47 percentage points from August’s 42.35 percent share.
In the third quarter, the company’s power battery installations in China reached 82.07 GWh, up 27.46 percent year-on-year and up 15.46 percent quarter-on-quarter, according to data compiled by CnEVPost.
From January to September, its power battery installations totaled 210.67 GWh, a 33.59 percent increase year-on-year.
($1 = RMB 7.1232)
