ETNET NEWS AGENCY (Oct 21) - CATL (03750) is currently down 2.9%, trading at 400 yuan, with approximately 500,000 shares traded, involving a turnover of 202 million yuan.
CATL announced that its net profit for the third quarter ended September 30 was approximately 21.25 billion yuan, up 14.5%, lower than the expected 26.03 billion yuan. Earnings per share were 4.62 yuan. After deducting non-recurring gains and losses, net profit was 18.86 billion yuan, up 14.9%. Operating revenue reached 165.2 billion yuan, up 58.6%, also below market expectations of 175.05 billion yuan. The weighted average return on equity was 5.56%.
For the first three quarters, CATL's net profit was 64.53 billion yuan, up 31.6%, with earnings per share at 14.13 yuan. After deducting non-recurring gains and losses, net profit was 57.88 billion yuan, up 32.7%. Operating revenue was 442.1 billion yuan, up 56.2%. The weighted average return on equity was 17.64%, driven by business expansion.
According to data released by CATL for the first two quarters, net profit in the first quarter was 20.74 billion yuan, up 48.52% year-on-year; net profit in the second quarter was 22.54 billion yuan, up 36.46% year-on-year; while net profit in the third quarter was 21.25 billion yuan, up 14.54% year-on-year but down 5.8% quarter-on-quarter.
Currently, the Hang Seng Index stands at 24,139, up 271 points or 1.1%, with turnover on the main board nearing 3.1 billion yuan. The Hang Seng China Enterprises Index is at 8,139, up 108 points or 1.4%. The Hang Seng Tech Index is at 4,110, up 64 points or 1.6%. (vs)
CATL announced that its net profit for the third quarter ended September 30 was approximately 21.25 billion yuan, up 14.5%, lower than the expected 26.03 billion yuan. Earnings per share were 4.62 yuan. After deducting non-recurring gains and losses, net profit was 18.86 billion yuan, up 14.9%. Operating revenue reached 165.2 billion yuan, up 58.6%, also below market expectations of 175.05 billion yuan. The weighted average return on equity was 5.56%.
For the first three quarters, CATL's net profit was 64.53 billion yuan, up 31.6%, with earnings per share at 14.13 yuan. After deducting non-recurring gains and losses, net profit was 57.88 billion yuan, up 32.7%. Operating revenue was 442.1 billion yuan, up 56.2%. The weighted average return on equity was 17.64%, driven by business expansion.
According to data released by CATL for the first two quarters, net profit in the first quarter was 20.74 billion yuan, up 48.52% year-on-year; net profit in the second quarter was 22.54 billion yuan, up 36.46% year-on-year; while net profit in the third quarter was 21.25 billion yuan, up 14.54% year-on-year but down 5.8% quarter-on-quarter.
Currently, the Hang Seng Index stands at 24,139, up 271 points or 1.1%, with turnover on the main board nearing 3.1 billion yuan. The Hang Seng China Enterprises Index is at 8,139, up 108 points or 1.4%. The Hang Seng Tech Index is at 4,110, up 64 points or 1.6%. (vs)
