--- title: "CATL Net Profit Jumps 42%" type: "News" locale: "en" url: "https://longbridge.com/en/news/294079586.md" description: "CATL reported a 42% year-over-year increase in H1 2026 net profit to 43.28 billion yuan, with revenue reaching 276.92 billion yuan. The company approved a share buyback plan of 20-40 billion yuan to cancel shares and boost returns. Battery revenue grew 46% to 192.12 billion yuan, while energy storage revenue surged 87.5% to 53.26 billion yuan." datetime: "2026-07-28T14:07:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294079586.md) - [en](https://longbridge.com/en/news/294079586.md) - [zh-HK](https://longbridge.com/zh-HK/news/294079586.md) --- # CATL Net Profit Jumps 42% CATL is the largest battery maker in the world. Based in China, it definitely feeds off of the ginormous electric vehicle industry in the country. However, it also quickly became a popular supplier for Western automakers as well in the past decade. Previous leaders like LG Chem (now LG Energy Solution), SK Innovation, Samsung SDI, and others got left in the dust a bit as CATL scaled up — not to say they don’t still have good battery businesses. If it didn’t look good already, it looks even better now. The company just saw a 42% year-over-year jump in its net profit in the first half of 2026. (And that’s in a time that the Chinese EV market — and overall auto market — has been in a bit of a lull.) It scored a net profit attributable to shareholders of 43.28 billion yuan ($6.4 billion). Its revenue in the same period was 276.92 billion yuan ($40.9 billion). The core of CATL’s business is batteries for EVs. However, it has also increasingly gotten into stationary energy storage. Here’s a bit more info on both: **Battery Business** - Revenue: 192.12 billion yuan ($28.4 billion), +46.02% YoY - Gross margin: 20.63% **Energy Storage Business** - Revenue: 53.26 billion yuan ($7.9 billion), +87.54% YoY - Gross margin: 23.86% Looking good. As a boost to shareholders, the company is also doing a share buyback. “Alongside the earnings report, CATL’s board of directors today approved a share buyback plan, under which the company intends to use no less than 20 billion yuan and no more than 40 billion yuan of its own or self-raised funds to repurchase some of its A-shares through centralized bidding,” _CnEVPost_ shares. “The buyback price will not exceed 573 yuan per share, or 150% of the average trading price of the stock in the 30 trading days before the board resolution. “Based on the 40 billion yuan buyback cap and the 573 yuan price ceiling, the number of shares to be repurchased is expected to be about 69.81 million, or about 1.51% of the company’s current total share capital. “CATL said the repurchased shares will be canceled to reduce its registered capital, boosting earnings per share and improving returns for shareholders. “Based on the buyback cap, the repurchase funds would account for about 10.75% of CATL’s cash holdings as of June 30, and the company’s management believes it will not have a material impact on its operations and financial position.” Kudos to CATL. It’s hard to imagine anyone displacing it as the world’s battery leader. ### Related Stocks - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [HCCD.SG](https://longbridge.com/en/quote/HCCD.SG.md) ## Related News & Research - [Chinese battery giant CATL rides green energy boom as revenue soars 57%](https://longbridge.com/en/news/293808672.md) - [CATL H1 net profit jumps 42%, announces massive share buyback](https://longbridge.com/en/news/293753432.md) - [Weekly Recap: QIJI swap commercialization and European battery output boost](https://longbridge.com/en/news/293855747.md) - [CATL Calls August Extraordinary Meeting to Vote on Bond Mandate and Share Buyback](https://longbridge.com/en/news/293845274.md) - [CATL-Stellantis battery plant in Spain to employ average of 1,000 Chinese workers during construction](https://longbridge.com/en/news/293916534.md)