CATL Announced 2021 Financial Report And Again Invested RMB 13 Billion in Power Battery Project

In recent days, CATL announced its 2021 financial report. According to the announcement, the Company achieved the operating income of RMB 130.356 billion, with a YOY increase of 159.06%; among this, net profit attributable to shareholders of listed companies is RMB 15.931 billion, with a YOY increase of 185.34%.

During the reporting period, the Company’s lithium-ion battery sales volume reached 133.41GWh, with a YOY increase of 184.82%, including power battery system sales volume of 116.71GWh, with a YOY increase of 162.56%. Specifically, by business division, the Company mainly relies on power battery system as its principal operating income; in terms of lithium battery material sales, customers raise great demands for battery materials due to the great demands for NEV in downstream field. Therefore, the Company’s lithium battery material sales volume rises accordingly. In the meantime, there is an increase in the price of primary metal market, leading to an increase in the Company’s product price, thus resulting in a rise in operating income. Additionally, the nickel-iron project in Indonesia has been put into operation, which helps to improve the capacity of lithium battery.

On the same day when the financial report was announced, the Company also announced that it plans to construct a Xiamen CATL new energy battery industry base in Xiamen of Fujian, with total investment of no more than RMB 13 billion. According to information, the project covers an area of 900 acres, and it will probably take more than 26 months for the entire project to get completed, since the start of construction. The actual construction situation shall prevail.

According to CATL, the investment in the construction of the manufacturing base will further improve the Company’s capacity deployments and satisfy its demands for business development and market expansion. The investment is of great significance for the Company’s development in the long run, and will generate positive influence to its business deployments and operating performance in the long run.