China CATL’s shares dip after it warns of revenue fall, slowing profit growth

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CATL to report record profit in 2024 as revenues decline amid lithium price slump · TechNode

CATL on Tuesday said it expected its annual profit to exceed RMB 49 billion ($6.7 billion), giving the company a record result, as the world’s largest battery maker maintains its leadership position by expanding its product offerings and strengthening ties with clients.Why it matters: Despite this, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015, due to the lith…

Electrek

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CATL stock slips as EV battery giant hints at first annual revenue decline in 2024

The world’s largest EV battery maker warned that it expects to report less revenue in 2024 than the previous year, sending share prices down on Wednesday. CATL (SHE: 300750) stock dipped after its 2024 Annual Performance Forecast was released. Here’s a preview of CATL’s financials for last year. more…

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China CATL’s shares dip after it warns of revenue fall, slowing profit growth

BEIJING (Reuters) – Shares in CATL, the world’s largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its annual revenue fell for the first time last year and that profit grew at its slowest pace since 2019. CATL said in a securities filing late on Tuesday that its revenue fell between 8.7% and 11.2% last year after it adjusted product prices to reflect a decline in the price of raw materials such as lithium…

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CATL seeking US$44 million in overdue payments from Powin for battery shipments in 2022/23

CATL has filed a complaint in a US court against system integrator Powin for alleged non-payment of shipments of battery cells for BESS.

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The Chinese company estimates that its 2024 revenue will decline by between 8.7 and 11.2 percent compared to the previous year. As a result, the company's shares fell nearly 4 percent on Wednesday morning. ... ...

YUAN TALKS

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JPMorgan raises CATL’s end-2025 target price by 33%, highlights accelerated sales growth, technological innovation - YUAN TALKS

In a report on January 23, JPMorgan expresses confidence in CATL's competitive advantages, citing accelerated sales growth, potential increases in unit economic efficiency, and its leading technological position.