Apr 16, 2024 22:39
Against the backdrop of declining revenue, Contemporary Amperex Technology Co. Limited (CATL) continues to maintain an upward trend in net profits, remaining at a scale of over 10 billion yuan, thanks to the improvement in the company's gross profit margin. According to Choice data, the company's sales gross profit margin of 26.42% is the highest in nearly two years. This Q1 performance report has been considered by the industry to exceed expectations, possibly leading to Moody's Investors Service upgrading CATL's issuer rating from Baa1 to A3 today.
Apr 16, 2024 19:11
Today's lithium carbonate market faced a downturn, with the SMM index falling to 111,085 yuan/ton (~15,343.23 USD/ton) and futures declining by 3.78%, reflecting cautious market sentiment.