Contemporary Amperex Technology (CATL) reported robust full-year financial results that coincided with a marked rise in its share price on Tuesday. The battery maker said annual revenue reached about 423.7 billion yuan for 2025, an increase of 17% from the prior year, while net profit attributable to shareholders climbed by more than 42% to roughly 72.2 billion yuan.
The company attributed the stronger earnings to expanding demand for power batteries, which are deployed in electric vehicles and energy storage systems, and pointed to continued global growth in new-energy markets.
Market reaction was notable on both exchanges where CATL is listed. Hong Kong-listed shares rose 9.2% to HK$549.5, while the Shenzhen-listed stock increased 6% to 378.0 yuan.
In addition to the operating results, CATL proposed a final dividend of 21.78 yuan per 10 shares and a special cash dividend of 47.79 yuan per 10 shares. Management said the payouts reflect strong profitability and cash generation during the year.
Catalyzing the volume growth underlying revenue and profit, CATL reported that shipments of lithium batteries climbed by nearly 40% year-on-year to about 661 gigawatt-hours, reinforcing its standing as one of the world’s largest battery suppliers.
Headquartered in Ningde in China’s Fujian province, CATL remains a key supplier to global automakers, including Tesla Inc, and has expanded rapidly alongside the electric-vehicle sector.
Summary
CATL delivered a 17% rise in revenue and a more than 42% increase in net profit for 2025, supported by a near 40% jump in lithium battery shipments. The company proposed both a final dividend and a substantial special cash dividend, and its shares advanced strongly on the news.
Key points
- Revenue rose to about 423.7 billion yuan for 2025, up 17% year-on-year.
- Net profit attributable to shareholders increased to roughly 72.2 billion yuan, a rise of more than 42%.
- Shipments of lithium batteries reached about 661 GWh, an increase near 40% year-on-year; major customers include global automakers such as Tesla Inc.
Risks and uncertainties
- Demand sensitivity - The company’s results and cash generation are tied to demand for EV and energy storage batteries, which could affect future earnings and dividend capacity if conditions change.
- Market reaction - Share prices may remain volatile following large dividends and earnings announcements, which could influence investor returns in the short term.
These points and risks reflect the information provided by the company and the market moves recorded on the day of the announcement.