Chinese battery maker Contemporary Amperex Technology (CATL) reported a 42.3% year-on-year (YoY) increase in net profit attributable to shareholders for FY25, supported by stronger electric vehicle (EV) battery demand and overseas growth.
The battery supplier reported net profit attributable to shareholders of 72.2bn yuan ($10.44bn) for the year.
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Operating revenue increased 17% YoY to 423.7bn yuan.
EV batteries remained the company’s primary revenue source.
Revenue from this segment rose 25.1% to 316.5bn yuan and accounted for 74.7% of total revenue, compared with 69.9% a year earlier.
Revenue from energy storage system (ESS) batteries grew 9% to 62.4bn yuan, representing 14.7% of overall revenue.
In contrast, revenue from battery materials and recycling declined 23.8% YoY to 21.9bn yuan.
Geographically, domestic revenue rose 16.8% to 294.1bn yuan, while overseas revenue increased 17.5% to 129.6bn yuan.
During the year, CATL sold 661GWh of lithium-ion batteries, representing a 39.16% increase compared with the previous year.
Earnings per share increased to 16.14 yuan, compared with 11.58 yuan in the previous year.
For the fourth quarter, net profit increased 57.1% YoY to 23.2bn yuan, while operating revenue rose 36.6% to 140.62bn yuan.
The board recommended a cash dividend of 69.57 yuan per 10 shares (including tax) for 2025, comprising a final dividend of 21.78 yuan and a special dividend of 47.79 yuan.
In its statement, the company said: “Over the past year, our revenue structure and the quality of our growth have continued to optimise, with shipments of power and energy storage batteries continuing to lead the world, and sales of lithium batteries increasing by nearly 40% year-on-year to 661 GWh, as the business engine of all-domain growth began to take shape.”
