Contemporary Amperex Technology, a Leading Power Battery Manufacturer Took in ¥3.5 Billion in Net Profit in the First Quarter of 2019, a Year-on-Year Increase of 46%
by Zach 2019-10-28
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Contemporary Amperex Technology (SZSE‎: 300750, CATL), a leading power battery manufacturer released a report on the first three quarters of 2019. According to the report, the company took in ¥32.856 billion in revenue during this period, a year-on-year increase of 71.7% with a net profit of ¥3.464 billion, a year-on-year growth of 45.65%. Its revenue in Q3 reached ¥12.592 billion, a year-on-year growth of 28.8%, with a net profit of ¥1.362 billion, a year-on-year decrease of 7.2%.

Contemporary Amperex Technology  ranked the forth on the Fortune The Future 50 list released on October 23rd . The magazine notes that “This company is the biggest seller of EV battery. Its profits stood at $512 million in 2018. It is the battery provider for Volkswagen, BMW, Honda, and some major Chinese automobile manufacturers. It is working with Toyota on technology development.”