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<Research>Haitong Int'l: CATL (03750.HK) Shows Strong Operational Gains, Seizing Energy Storage Opportunities
Recommend 6 Positive 12 Negative 4 |
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CATL (03750.HK) recorded a total revenue of RMB283.1 billion in 1-3Q25, up 9.3% YoY, according to Haitong International's research report. Net profit attributable to the parent company was RMB49 billion, up 36.2% YoY, while net profit attributable to parent company excluding non-recurring items amounted to RMB43.6 billion, up 35.6% YoY. Considering the Company's leading position in the global lithium battery industry, with a dominant market share and continuous product iterations, Haitong International assigned a 2026 PE ratio of 30x for the Company, corresponding to a target total market value of RMB2.583 trillion. Based on the H-shares' proportionate representation of 3.42% of the total share capital, the corresponding target market value for the H-share segment is estimated at RMB88.3 billion, implying a target price of $618 per share, with rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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