Phoenix Technology News (Author/Yu Lei) On April 14, CATL released its first quarter financial report for 2025 today, with revenue reaching 84.7 billion yuan, and net profit exceeding 13.9 billion yuan, a year-on-year increase of more than 30%, and gross profit margin continues to rise month-on-month. While the global market share of the leading companies in the battery industry continues to expand, they have accelerated the pace of international layout.

According to the financial report, the company's net profit attributable to the parent company in the first quarter reached 13.96 billion yuan, a significant increase of 32.9% year-on-year, and the comprehensive gross profit margin increased to 24.4%, an increase from the previous quarter and the same period last year. It is worth noting that CATL's R&D investment has not diminished, and its R&D expenditure exceeded 4.8 billion yuan in the first quarter, indicating its continued investment in technological innovation.

The company's operating cash flow performed well, reaching 32.87 billion yuan in the first quarter, showing strong business growth momentum. Since its A-share listing in 2018, CATL has accumulated dividends and repurchase amounts of nearly 60 billion yuan, and shareholder returns have continued to increase. Recently, the company announced that it plans to repurchase 4 billion to 8 billion yuan of shares, demonstrating management's confidence in the company's future development.

In terms of internationalization strategy, the process of listing of CATL H shares is accelerating. On April 10, the Listing Committee of the Hong Kong Stock Exchange held a hearing to review its H-share issuance application. The company's joint sponsor received a letter from the Hong Kong Stock Exchange the next day confirming that the Listing Committee had reviewed the company's listing application. It took only about two months from submitting the application in February to receiving the hearing in April, reflecting the capital market's recognition of the company.

The battery swap business has become a new strategic growth point for CATL. The company has recently reached a cooperation with Sinopec Group. The two parties plan to build no less than 500 battery swap stations in 2025, and the long-term goal is expanded to 10,000. In addition, CATL has reached a strategic cooperation with NIO. The new models of the Firefly brand under NIO will be introduced into CATL’s chocolate battery swap standards and network in a timely manner. The battery swap networks of both parties will adopt the "dual network parallel" model to jointly promote the standardization of battery swap technology.

In the field of zero-carbon ecological construction, CATL signed a strategic cooperation agreement with Dongying City, Shandong Province, and plans to rely on the 40GWh lithium battery production base built in Kenli District, Dongying to create the first high-proportion green electricity direct supply zero-carbon industrial park in the country, and promote the application of the company's zero-carbon solutions in high-energy-consuming fields such as chemicals and oil fields.

According to data from the China Association of Automobile Manufacturers, my country's production and sales of new energy vehicles in the first quarter of 2025 reached 3.182 million and 3.075 million respectively, a year-on-year increase of 50.4% and 47.1%. Against this background, CATL's global market position has been further consolidated. SNE data shows that after ranking first in the world in power battery usage for eight consecutive years from 2017 to 2024, CATL's global market share reached 38% from January to February 2025, of which the European market share was as high as 43%, an increase of 8 percentage points year-on-year, 13 percentage points ahead of the second place.

In the energy storage market, CATL has also made important breakthroughs and has become the preferred battery energy storage system supplier for the UAE RTC 19GWh data center project. In addition, the world's first 8-hour battery energy storage system, EnerQB, developed in collaboration with Quinbrook, will deploy a 24GWh scale project in Australia.

With the continuous expansion of the new energy vehicle market and the acceleration of global energy transformation, CATL is expected to maintain a good growth trend with its technological advantages and production capacity layout.