Added to YB: 2024-06-04
Pitch date: 2024-04-19
300750.SZ [bullish]
Contemporary Amperex Technology Co., Limited
+55.16%
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 179.50
Price Target
N/A
Dividend
2.80%
EV/EBITDA
9.40
P/E
15.96
EV/Sales
2.19
Sector
Electrical Equipment
Category
dividend
Harding Loevner Chinese Equity Composite Portfolio Holding: Contemporary Amperex Technology Co., Limited
CATL (300750.SZ), world's largest EV battery maker, unexpectedly raised dividend payout to 50% from 20% in 2023 after regulators pushed for better shareholder returns. Shift to less capex-heavy licensing model supports higher payout. Strong balance sheet & global demand despite rivals' struggles. Ditching wealth management products for dividends signals shareholder-friendly shift.
Read full article (2 min)