【CATL: Net profit expected to increase by 38% to 48% in 2023】
CATL has released its performance forecast, expecting a net profit of 42.5 billion to 45.5 billion yuan in 2023, an increase of 38.31% to 48.07% year-on-year. The domestic and international new energy industry maintains a rapid growth rate, with the market for power batteries and energy storage continuing to expand. The trend of transitioning to clean energy under the "dual carbon" goal is clear. During the reporting period, the company's new technologies and products have been successively implemented, overseas market expansion has accelerated, customer cooperation relationships have been further deepened, and both production and sales volumes have grown rapidly, achieving good economic benefits. Notably, Q3 net profit was 10.428 billion yuan, based on which, Q4 net profit is expected to be 11.355 billion to 14.355 billion yuan, an increase of 9% to 38% quarter-on-quarter.
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