Contemporary Amperex Technology Co Ltd Class A
300750: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|c@ | LOCK|ssH#& | LOCK|D>wQG# |
CATL Earnings: Revenue In Line and Profit Beat; Solid Margin Gain Despite Sluggish Battery Price
Contemporary Amperex Technology Co. Limited, or CATL, reported 8% revenue growth year over year and 34% net profit growth in the second quarter. The margin recovery trend remains intact. With further production ramp-up, the company’s German plant turned profitable during the period.
