CATL Shares Slide 12% on Earnings Caution but Company Says 2027 Demand Remains Solid
On October 21 CATL's A-share price closed down about 12%, shedding over 100 billion yuan of market value, after its third-quarter report showed record quarterly revenue but a slower profit pace and a third straight quarter of falling gross margin. For the first nine months CATL posted revenue of 442.1 billion yuan, up 56.2% year on year, and net profit of 64.5 billion yuan, up 31.6%, with third-quarter revenue of 165.2 billion yuan setting a single-quarter high. Management pushed back on investor worries about next year's demand, saying global power and storage battery demand may be less pessimistic than the market expects, with rising electrification rates in China, steady European momentum and strong overseas storage demand. CATL also bought back about 800 million yuan of shares that day, part of a repurchase program that has now reached 4.6 billion yuan, signaling confidence in its long-term outlook.
Source: d1ev / First Electric News, Oct 22, 2026 | 2026-10-22
- Ant's Bai Ling and Kunlun Wanwei Open-Source New Models at Sustainability Leaders Conference
- Chinese Scientists Reportedly Use a Homegrown LLM to Crack a World-Class Math Problem
- U.S. Moves to Bar DeepSeek From Federal Use; Chinese Lab Doubles Down on Open Source
- SenseTime Open-Sources SenseNova-RoboRSI Embodied-AI Harness and 27B Robot-Brain Model
- Xiaomi Open-Sources Xiaomi-Lens-0, a 4-Billion-Parameter Multimodal Grounding Model
- China Issues Top-Level Plan to Deepen Tech-Industry Fusion, Launching Full 'AI+' Action
- Eight Ministries' 15th Five-Year Plan Backs General and Industry LLMs, Agent Decision Models
- China Proposes Export Controls on 40 AI, Biomedicine and PV Technologies; Open Source Exempt
- 2026 'Gold-Trade Global' Matchmaking for Middle East and ASEAN Opens at Yiwu Fair
- Zhejiang Lands Six Projects in First National Landmark Application Scenarios, Including Yiwu Digital-Trade Hub
