CATL Interim Net Profit Up 37%, Plans RMB 20-40 Billion A-Share Buyback and Cancellation; H-Shares Reverse
CATL reported a 37% rise in interim net profit, with earnings per share of RMB 9.51, up 37.4% year-on-year. The company announced an interim dividend of RMB 14.11 per 10 A-shares and HKD 16.29 per 10 H-shares, a 48% increase. It also plans to buy back A-shares worth between RMB 20 billion and RMB 40 billion within 12 months for cancellation. Following the announcement, CATL's H-shares initially surged to HKD 650 before reversing to HKD 614, down 1.3%.
CATL reported a 37% rise in interim net profit, with earnings per share of RMB 9.51, up 37.4% year-on-year. The company also announced an interim dividend plan: RMB 14.11 per 10 A-shares (including tax) and HKD 16.29 per 10 H-shares, representing a 48% increase year-on-year.
The company plans to use no less than RMB 20 billion and no more than RMB 40 billion to repurchase A-shares within 12 months from the approval date of the buyback plan. The repurchased shares will be cancelled to reduce registered capital.
CATL's share price initially rose after the earnings release, hitting an intraday high of HKD 650, up 4.5%, before turning lower. As of 10:07 a. m. , the stock was trading at HKD 614, down 1.3%, with turnover exceeding HKD 980 million.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Batteries & Energy Storage, with intensity 80/100 and 80% confidence over a short term horizon.
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