<div id="readability-page-1"><blockquote><ul><li>CATL achieved a net profit of 20.74 billion yuan in the first quarter, representing a 48.52% year-on-year increase.</li><li>Despite strong annual growth, the first-quarter net profit saw a 10% quarter-on-quarter decline.</li></ul></blockquote><figure id="attachment_139392"><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/04/2026041512174945.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/04/2026041512174945.jpg"/><figcaption id="caption-attachment-139392">(Image credit: CnEVPost)</figcaption></figure><p>CATL reported a 48.52% year-on-year increase in its first-quarter net profit, primarily driven by the continued strong growth of its main business.</p><p>The Chinese power battery giant's net profit attributable to shareholders of the listed company reached 20.74 billion yuan ($3.04 billion) in the first three months of 2026, according to an earnings report released on Wednesday.</p><p>The company realized a revenue of 129.13 billion yuan in the first quarter, representing a 52.45% year-on-year increase.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>Despite achieving strong annual growth, the first-quarter net profit saw a 10% quarter-on-quarter decline compared to the 23.167 billion yuan recorded in the fourth quarter of 2025.</p><p>After deducting non-recurring gains and losses, the net profit attributable to shareholders of the listed company was 18.09 billion yuan, marking a 52.95% increase.</p><p>CATL attributed this financial performance in its quarterly report to the continuous growth of its main business, as well as the corresponding cost increases brought by the expansion of its business scale.</p><p>The performance this quarter follows the company's record results in 2025, when its full-year net profit surged 42.28% to 72.2 billion yuan.</p><p>As the world's largest EV battery manufacturer, CATL continued to dominate the global EV battery market with a 39.2% share in 2025, according to data from South Korean market research firm SNE Research.</p><p>The company is the only battery supplier globally with a market share exceeding 30%, which has helped it consolidate its absolute leadership position in a highly competitive industry.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/04/2026040708342067-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/04/2026040708342067-768x432.jpg"/>                            </p>        </div>        <div>            <p>Global EV battery market share in Jan-Feb 2026: CATL 42.1%, BYD 13.4%</p>            <p>CATL and BYD held a combined 55.5% of the global market in Jan-Feb, down from 59.0% in January.</p>                    </div>    </div>    <p>($1 = 6.8212 yuan)</p>                                                                                </div>

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<p>CATL reported a net profit of 20.74 billion yuan in Q1 2026, a 48.52% year-on-year increase, with revenue rising 52.45% to 129.13 billion yuan. However, the profit declined 10% quarter-on-quarter from Q4 2025. The company attributes its performance to strong business growth despite rising costs. CATL maintains a dominant position in the global EV battery market with a 39.2% share in 2025, and a combined market share of 55.5% with BYD in early 2026.</p>

CATL sees Q1 profit climb 48.5% as revenue jumps over 50%