Contemporary Amperex Technology's Net Profit Exceeds Combined Profits of 13 Automakers

[Company Financial Report] In 2025, Contemporary Amperex Technology (CATL) reported a net profit of RMB 72.2 billion, earning nearly RMB 200 million per day—surpassing the combined profits of 13 A-share listed automakers.

Key Developments: Record-High Net Profit of RMB 72.2 Billion, with Traction Battery Business Contributing Over 70% of Revenue

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  In 2025, CATL achieved revenue of RMB 423.702 billion, up 17.04% year-over-year; attributable net profit reached RMB 72.201 billion, a significant increase of 42.28% year-over-year.

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  Revenue from traction battery systems totaled RMB 316.5 billion, accounting for 74.7% of total revenue; energy storage battery revenue exceeded RMB 62.4 billion, representing 14.74% of total revenue.

Industry Impact: Automakers' "Contract Manufacturer" Reality Deepens Amid Intensifying Profitability Challenges

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  The combined 2025 profits of 13 A-share passenger vehicle manufacturers that have disclosed results fell short of CATL’s profit alone.

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  As the price war in the new energy vehicle market continues, automakers face mounting pressure on gross margins, while leading battery makers like CATL continue to capture industry profits through scale and technological advantages.