On the evening of July 24, Contemporary Amperex Technology Co., Limited (CATL) disclosed its 2026 half-year report, showing revenue of 276.92 billion yuan in the first half, a 54.8% year-on-year increase, and net profit attributable to shareholders of 43.28 billion yuan, up 42.0% year-on-year. The board also approved a 2026 interim dividend plan, proposing a cash dividend of 14.11 yuan (including tax) per 10 shares.

On the same day, CATL announced an A-share share buyback plan, intending to use its own or self-raised funds to repurchase company shares within 12 months following shareholder approval. The total buyback amount is set at no less than 20 billion yuan and no more than 40 billion yuan, with a maximum repurchase price of 573 yuan per share.

CATL stated that the buyback is based on confidence in the company's future development and recognition of its value. To enhance investor confidence, the repurchased shares will be canceled to reduce registered capital, thereby increasing earnings per share, maintaining company value, and effectively improving shareholder returns.

Public information indicates that this massive buyback plan by CATL sets a new record for a single buyback plan in A-share history.

Zhang Xiang, a visiting professor at Huanghe Science and Technology College, commented that CATL's performance continues to be outstanding. As a leading lithium battery supplier, the company is continuously building brand awareness and influence. With its significant industry advantages and pricing power, it leverages strong profitability to invest in innovation, drive business model innovation, and expand its industrial chain, forming a virtuous development cycle.

In terms of market position, in the power battery sector, data from SNE Research shows that from January to May 2026, CATL's global market share for power battery usage was 40.2%, up 2.2 percentage points year-on-year. According to data from the China Automotive Power Battery Industry Innovation Alliance, from January to June 2026, CATL's passenger car battery installation share in the domestic market reached 46.7%, up 5.6 percentage points year-on-year. In the energy storage battery field, per Xinluo Information data, CATL ranked first globally in energy storage battery shipments from January to June 2026.

CATL indicated that against the backdrop of global energy transition and industry growth, it is leveraging its innovation capabilities, industry insight, and efficient management to continuously enhance competitive advantages in technology R&D, product innovation, manufacturing, supply chain management, and sustainable development.

Regarding core competitiveness, the company possesses full-chain independent R&D capabilities covering materials, cells, systems, and recycling, and integrates AI into R&D and manufacturing. As of the end of the first half, CATL held or applied for a total of 60,319 domestic and international patents. In April this year, the company held a Super Technology Day, unveiling results such as the third-generation Shenxing fast-charging battery, third-generation Kirin battery, Kirin condensed battery, second-generation Xiaoyao super hybrid battery, and Naxin battery, further enriching its multi-chemistry product matrix.

In terms of production capacity, the company is promoting the adoption of super production lines and steadily advancing projects such as the Jining, Zhongzhou, Liyang, and Yibin bases, as well as factories in Indonesia, Hungary, and a joint venture in Spain, to continuously improve delivery quality and capacity.

In expanding application scenarios, CATL is extending electrification into low-altitude and maritime sectors, and advancing chocolate battery swapping and Qiji battery swapping. It is also exploring zero-carbon industry implementation models, such as participating in the construction of zero-carbon parks.

Mo Ke, chief analyst at Zhenli Research, commented that CATL is strengthening its competitive advantage as a lithium battery leader, enhancing profitability from multiple dimensions, and expanding lithium battery application scenarios. Under the global trend of green energy transformation, it is driving rapid performance growth with a dual-engine approach of power and energy storage batteries. Simultaneously, the company is actively laying out key upstream segments of the industrial chain and battery recycling, continuously ensuring supply chain stability and further enhancing earnings stability.