Shanghai (Gasgoo)- On February 11, 2025, CATL officially submitted its application for an H-share listing on the Stock Exchange of Hong Kong Limited, following an earlier disclosure regarding its plans.
The proceeds from the Hong Kong listing will be primarily allocated to overseas capacity expansion, international business development, and operational funding, supporting the company's long-term globalization strategy.
According to market speculation, CATL's fundraising target could reach $5 billion.
Official financial data reveal that in the first three quarters of 2024, CATL generated 259 billion yuan in total revenue, with a net profit of 36.1 billion yuan attributable to shareholders, marking a 15.7% year-on-year increase. Notably, its gross profit margin rose 5.7 percentage points over a year earlier to 25%, highlighting both strong pricing power amid raw material cost fluctuations and premium product advantages driven by technological innovation.CATL's dominance in the global market is evident. According to its prospectus, since 2017, it has held the No.1 global market share by EV battery installations for eight consecutive years. Additionally, since 2021, it has led the global market in energy storage battery shipments for three straight years.
As of September 2024, the company maintained a cash reserve of 281.8 billion yuan, including 22 billion yuan in wealth management and structured deposits, while keeping a stable debt-to-asset ratio, ensuring ample financial support for further global expansion.
Leveraging strong in-house R&D capabilities, CATL has established a comprehensive industry chain, spanning material development, cell production, module integration, and system design. This covers R&D, design, testing, intelligent manufacturing, and recycling, ensuring full lifecycle management.
According to its prospectus, CATL has invested a cumulative 66.3 billion yuan in R&D over the past decade, with its R&D team exceeding 20,000 employees as of September 30, 2024.
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