Contemporary Amperex Technology Co Ltd Class A

300750: XSHE (CHN)
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CATL Earnings: Net Profit in Line; Stronger Gross Margin Offsets Sluggish Battery Prices

Contemporary Amperex Technology reported 26% year-over-year net profit growth in the third quarter. Thanks to the lower lithium price, the gross margin recovery trend remains intact, with 9 percentage points gain in the quarter from a year ago.

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