The Only New Energy Battery! Standard & Poor's Raises Catl's Rating And Gets Full A Certification!

 

On May 7, S&P raised CATL's long-term issuer rating from "BBB+" to "A-" and gave a "stable" outlook. At present, CATL's ratings in the three major international rating agencies have all risen to the A range, and it is the only company in the new energy battery sector with all ratings in the A range.

 

S&P believes CATL's overseas expansion should mitigate the impact of slowing domestic growth. Profit expansion will drive operating cash flow growth, and CATL's strict control of capital expenditures will help the company maintain a net cash position in 2024-2025. S&P predicts that CATL's overseas sales will increase by 34% to 37% in 2024, and global sales will increase by 19% to 23% year-on-year.

Reflected on the revenue side, it will increase by 8% year-on-year. In addition, benefiting from the decline in raw material prices in the next two years, CATL's EBITDA profit margin is expected to further expand to 19.7%-19.8% in 2024-2025.

 

S&P's rating upgrade is closely related to the increase in market confidence. Judging from yesterday's data, CATL has received continuous buying from northbound funds for five consecutive trading days, with a cumulative net inflow of 2.392 billion yuan.

 

Since the beginning of the year, many institutions have been optimistic about CATL and raised their ratings. In early March, Morgan Stanley issued a report, raising CATL's rating to "overweight" and setting a target price of 210 yuan. On April 15, Moody's rated both CATL and the secured senior unsecured bonds issued by Contemporary Ruiding Development Limited, a wholly-owned subsidiary of CATL, to A3, and gave a stable outlook to the entity of CATL.

 

Behind the continued optimism of authoritative institutions is the continued and steady growth of CATL's performance and innovation.

 

CATL recently released its first quarter report for 2024, showing that net profit attributable to shareholders of listed companies achieved a year-on-year growth of 7%. For the full year of 2023, CATL achieved an operating income growth of 22.01% and a net profit growth of 43.58%.

 

According to global power battery statistics released by South Korean research organization SNE Research, CATL continued to rank first in the world in terms of power battery installations in the first quarter of this year. Its power battery installed in vehicles was 60.1 GWh, a year-on-year increase of 31.9%, and its market share was 37.9%, nearly three percentage points higher than the same period last year. CATL has ranked first in global power battery installations for seven consecutive years.

 

Innovation must be implemented, innovation must be fast, and innovation must be forward-looking. This is CATL's persistent pursuit of the spirit of innovation. From the world's first launch of CTP technology in 2019, to the release of ultra-long-lasting Kirin batteries in 2022, to the condensed matter batteries released last year to realize the application of electric manned aircraft, CATL has always been at the forefront of technology, promoting the development of battery technology. improve dramatically. Especially this year, CATL has successfully achieved the first flight of a ton-level demonstrator equipped with condensed matter batteries, once again proving its innovative strength in the new energy field.

 

Not only that, CATL also shows an astonishing speed in innovation speed. In August last year, Ningde Times launched the world's first Shenxing battery that realizes 4C ultra-fast charging. It only needs 10 minutes of charging to last 400 kilometers, bringing great convenience to electric vehicle users. Then, on April 9 this year, CATL released the world's first five-year zero-degradation energy storage system that can be mass-produced - Tianheng Energy Storage System, which provides strong support for the large-scale application of new energy storage. Strong support. At the Beijing International Automobile Exhibition on April 25, CATL released a new lithium iron phosphate battery product with 1,000km of endurance and 4C overcharging characteristics - Shenxing PLUS, further consolidating its position in the field of battery technology. leading position.

 

In addition, CATL not only continuously optimizes and upgrades existing technologies, but also actively explores key technologies for next-generation batteries, such as perovskite batteries and lithium-air batteries. Through a large amount of technology accumulation and reserves, CATL is moving towards a breakthrough from quantitative change to qualitative change.

 

CATL has performed stably in the field of battery manufacturing, continues to innovate in technology, gradually expands its global influence, and strives to provide stable returns to shareholders. Facing the growth trend of the global electric vehicle market, CATL will maintain its steady pace and continue to play an active role in the new energy field.

CATL continues to innovate battery manufacturing technology and steadily promote the development of the electric vehicle market. We are a company specializing in the production of aluminum battery casings. We have advanced production technology and a professional processing team. If you want to know more product details, you can Click on the link below:
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