Contemporary Amperex Technology Co., Limited Class H (HK:3750)
:3750
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Contemporary Amperex Technology Co., Limited Class H
(3750)
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Rating:77Outperform
Price Target:
HK$712.00
▲(13.47% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by strong financial performance—material profitability and cash-flow growth alongside an improving balance sheet. Technicals are bullish due to a strong uptrend, but overbought indicators raise near-term volatility risk. Valuation is mixed: a higher P/E tempers the score, while the high dividend yield provides meaningful support.
Positive Factors
Strong cash generation
Consistent, large-scale operating and free cash flow provides durable funding for capacity expansion, R&D and debt reduction. This cash-generation trajectory increases strategic flexibility, supports capital-intensive rollouts, and cushions against cyclical downturns over the next 2–6 months and beyond.
Negative Factors
Very capital-intensive asset base
A huge asset footprint requires ongoing high capex and fixed costs, which compress return on capital during weaker demand. This structural intensity makes free cash flow and ROE sensitive to utilization and slows adaptation if end-market growth decelerates.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent, large-scale operating and free cash flow provides durable funding for capacity expansion, R&D and debt reduction. This cash-generation trajectory increases strategic flexibility, supports capital-intensive rollouts, and cushions against cyclical downturns over the next 2–6 months and beyond.
Read all positive factors
Contemporary Amperex Technology Co., Limited Class H (3750) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.05T
Dividend Yield0.21%
Average Volume (3M)2.47M
Price to Earnings (P/E)28.1
Beta (1Y)1.24
Revenue Growth5.28%
EPS GrowthN/A
CountryHK
Employees131,988
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)4.47
Shares Outstanding155,915,300
10 Day Avg. Volume2,151,963
30 Day Avg. Volume2,474,948
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)6.03
Price to Sales (P/S)4.79
P/FCF Ratio22.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$667.06Price Target Upside6.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)22.96
Revenue Forecast (FY)HK$641.22B
Contemporary Amperex Technology Co., Limited Class H Business Overview & Revenue Model
Company Description
Contemporary Amperex Technology Co., Limited engages in the development, production, sale, and energy storage batteries and systems worldwide. It offers EV batteries, such as battery cells, battery modules/racks, and battery packs; ESS batteries c...
How the Company Makes Money
CATL primarily makes money by selling lithium-ion battery products and related solutions, with revenue mainly coming from (1) power battery systems supplied to automakers for use in battery electric and plug-in hybrid vehicles and (2) energy stora...
Contemporary Amperex Technology Co., Limited Class H Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 423.70B | 362.01B | 400.92B | 328.59B | 130.36B |
| Gross Profit | 111.32B | 88.49B | 76.93B | 66.54B | 34.26B |
| EBITDA | 117.43B | 90.21B | 78.91B | 51.16B | 27.14B |
| Net Income | 72.20B | 50.74B | 44.12B | 30.73B | 15.93B |
Balance Sheet | |||||
| Total Assets | 974.83B | 786.66B | 717.17B | 600.95B | 307.67B |
| Cash, Cash Equivalents and Short-Term Investments | 392.51B | 317.79B | 264.31B | 193.02B | 90.44B |
| Total Debt | 97.42B | 113.52B | 118.15B | 93.27B | 50.49B |
| Total Liabilities | 603.80B | 513.20B | 497.28B | 424.04B | 215.04B |
| Stockholders Equity | 337.11B | 246.93B | 197.71B | 164.48B | 84.51B |
Cash Flow | |||||
| Free Cash Flow | 90.88B | 68.89B | 60.95B | 14.02B | -620.69M |
| Operating Cash Flow | 133.22B | 100.64B | 94.60B | 63.26B | 42.42B |
| Investing Cash Flow | -94.48B | -49.65B | -27.99B | -64.11B | -52.33B |
| Financing Cash Flow | -6.31B | -16.79B | 11.80B | 81.87B | 22.49B |
Contemporary Amperex Technology Co., Limited Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.05T | 28.13 | 22.82% | 0.21% | 5.28% | ― | |
73 Outperform | HK$94.22B | 9.94 | 7.51% | ― | 11.05% | 81.01% | |
72 Outperform | HK$61.07B | 7.92 | 11.78% | 5.34% | 3.68% | 7.86% | |
65 Neutral | HK$12.31B | 17.06 | 4.42% | 2.52% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$58.49B | 27.82 | 2.28% | ― | 16.36% | 102.93% | |
53 Neutral | HK$11.69B | -63.97 | -43.42% | ― | -33.94% | -119.13% |
* Industrials Sector Average
HK:3750
Contemporary Amperex Technology Co., Limited Class H
627.50
322.11
105.48%
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0.92
71.32%
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14.12
3.82
37.09%
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129.81%
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Contemporary Amperex Technology Co., Limited Class H Corporate Events
CATL Sets April Board Meeting to Approve First-Quarter 2026 Results
Mar 31, 2026
Contemporary Amperex Technology Co., Limited has scheduled a board meeting for April 15, 2026, to review and approve the first-quarter results for the period ended March 31, 2026. The company also plans to authorize the publication of these quarte...
CATL Sets 2025 AGM to Approve Dividends, Financing Mandates and ESOP Plan
Mar 10, 2026
Contemporary Amperex Technology Co., Limited has called its 2025 annual general meeting for April 3, 2026 in Ningde, Fujian, where shareholders will review the 2025 annual report, board work report and profit distribution plan, and authorize the b...
CATL Announces Final 2025 Dividend and Details Cross-Border Tax Treatment
Mar 10, 2026
Contemporary Amperex Technology Co., Limited has declared a final ordinary cash dividend of RMB 21.78 per 10 shares for the financial year ended 31 December 2025, equivalent to HKD 24.68 per 10 shares, subject to shareholder approval on 3 April 20...
CATL Declares 2025 Special Dividend and Outlines Cross-Border Tax Treatment
Mar 10, 2026
Contemporary Amperex Technology Co., Limited has announced a special cash dividend for the financial year ended 31 December 2025, declaring RMB 47.79 per 10 shares, equivalent to HKD 54.15 per 10 shares based on a set exchange rate. The distributi...
CATL Publishes Unaudited 2025 Annual Results and Details Forthcoming Full Report
Mar 9, 2026
Contemporary Amperex Technology Co., Limited has released its unaudited annual results for the year ended December 31, 2025, fulfilling Hong Kong listing requirements for a preliminary disclosure of full-year performance. The full 2025 annual repo...
CATL Sets March Board Meeting to Approve 2025 Results and Mull Final Dividend
Feb 25, 2026
Contemporary Amperex Technology Co., Limited has scheduled a board meeting for March 9, 2026, to review and approve the annual results for the year ended December 31, 2025. The board will also consider the publication of these financial results an...
CATL Proposes 2026 A Share Employee Stock Ownership Plan to Boost Incentives
Feb 10, 2026
Contemporary Amperex Technology Co., Limited plans to introduce a 2026 A share employee stock ownership plan, subject to approval at a general meeting, to strengthen its long-term incentive mechanisms and corporate governance. The scheme aims to a...
CATL Aligns Reporting to Chinese Accounting Standards, Drops Separate Overseas Auditor
Jan 9, 2026
Contemporary Amperex Technology Co., Limited has approved a shift to prepare and disclose all its financial statements solely under the China Accounting Standards for Business Enterprises from the 2025 annual report onward, citing the substantial ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.