Contemporary Amperex Technology Co., Limited (CATL) reported a 41.98% year-over-year increase in net profit for the first half of 2026. Net profit reached 43.28 billion yuan during the period.
Revenue surged 54.8% compared to the previous year. Total revenue reached 276.92 billion yuan.
The energy storage division drove growth with an 87.5% revenue increase. This segment helped offset a slowdown in the electric vehicle battery market. The company's overall gross margin decreased slightly to 23.93%.
CATL announced a plan to repurchase 20 billion to 40 billion yuan of its A-shares. The buyback aims to boost investor confidence.