CATL posts record half‑year profit, launches $5‑9 bn share buyback and unveils Sichuan hydro project
Contemporary Amperex Technology Co Ltd (CATL) reported first‑half 2026 net profit of 43.28 billion yuan, a 41.98% year‑over‑year increase, and revenue of 276.92 billion yuan, up 54.8% from a year earlier. Energy‑storage sales surged 87.54% while power‑battery revenue grew 46.02%, with gross margin holding at 23.93%.
The board announced a share‑repurchase programme of between 20 billion and 40 billion yuan, priced up to 573 yuan per share. At the upper limit the buyback could retire about 1.51% of the company’s total share capital, making it one of the largest such programmes for a Chinese‑listed firm.
Separately, CATL disclosed a joint‑venture investment of 33.4 billion yuan with SDIC Power Holdings to build a 2.4‑GW hydroelectric plant in Sichuan Province. The project is expected to generate 8.65 TWh per year and will begin operation in 2035, with CATL holding a 10% equity stake.
Entities: China · Contemporary Amperex Technology Co Ltd (CATL) · SDIC Power Holdings · Shenzhen Stock Exchange · Sichuan Province
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- [○ 1 SOURCE] CATL's first‑half net profit was 43.28 billion yuan, a 41.98% increase year‑over‑year. (c1c4ff83-39be-4566-adb7-212f0f9855a7)