Added to YB: 2026-10-15
Pitch date: 2026-10-13
3750.HK [bullish]
Contemporary Amperex Technology Co., Limited
-7.7%
current return
Author Info
No bio for this author
Company Info
Contemporary Amperex Technology Co., Limited, together with its subsidiaries, engages in the research, development, production, and sale of electric vehicle and energy storage system batteries in China and internationally.
Market Cap
CNY 1.4T
Pitch Price
CNY 486.00
Price Target
784.40 (+75%)
Dividend
2.80%
EV/EBITDA
9.40
P/E
15.96
EV/Sales
2.19
Sector
Electrical Equipment
Category
growth
CATL: The Moat, The Margin, The Upside
3750.HK: CATL is evolving from a Chinese EV-battery supplier into a global electrification platform; the two catalysts are sodium-ion commercialization and overseas revenue mix moving from 30.6% toward 40%+. A 60 GWh HyperStrong agreement supports sodium-ion demand, while overseas gross margin was 29.97% in H1 2026 versus 21.16% domestically. The three-year blended target is HKD784.4 versus ~HKD654, but domestic competition and localization costs could prolong margin compression.
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