According to the annual report launched by Chinese battery large CATL on March 9, the corporate’s whole working earnings in 2022 exceeded 300 billion yuan ($43 billion) for the primary time, reaching 328.59 billion yuan, up 152.1% year-on-year, and the corporate’s internet revenue was 30.73 billion yuan, up 92.9% year-on-year.
While attaining such excessive income, the corporate shared the expansion and operation outcomes with the vast majority of shareholders. It will distribute money of 25.2 yuan (together with tax) for each 10 shares that shareholders personal, with a complete money dividend of 6.16 billion yuan.
Another spotlight of the annual report comes from the truth that CATL disclosed the efficiency of its mining, choice and smelting of mineral sources for the primary time. In 2022, the corporate achieved income of 4.509 billion yuan on this sector, accounting for 1.37% of the full earnings.
In 2022, the CATL’s R&D funding reached 15.51 billion yuan, a year-on-year enhance of 101.7%. As of December 31, 2022, the corporate had 16,322 R&D technicians in its make use of. CATL’s R&D primarily focuses on 5 main areas: sodium ion batteries, Qilin batteries, second technology thermal diffusion-free expertise, M3P multi-component phosphate batteries and condensed matter batteries.
During the reporting interval, CATL achieved battery gross sales of 289GWh, up 116.6% year-on-year, together with 242GWh energy battery techniques, up 107.1% year-on-year.
According to SNE Research, in 2022, the worldwide market share of energy battery system utilization by CATL reached 37%, a rise of 4 share factors over the identical interval of 2021, rating first on the planet for the sixth consecutive yr. The firm’s world market share of vitality storage battery system shipments reached 43.4%, a rise of 5.1 share factors over the identical interval in 2021, rating first on the planet for the second consecutive yr.
However, SNE Research’s information in January this yr confirmed that the Top 1 enterprise for world energy battery loading in January was nonetheless CATL, with a year-on-year development charge of solely 6.5%, far decrease than the typical market development charge, and decreased by 56.8% month-on-month.
As of the top of the third quarter of 2022, Tesla was CATL’s largest buyer, adopted by Geely, NIO, FAW-Volkswagen, GAC Group and Li Auto.
In order to consolidate its market share, CATL put ahead a plan this previous February. In the subsequent three years, the lithium carbonate worth of some energy batteries produced by CATL might be settled at 200,000 yuan/ton, and the automotive firms that signed the settlement ought to promise to supply about 80% of the battery buy quantity to CATL. This plan was extensively considered a worth battle launched by CATL towards its rivals.
SEE ALSO: Battery Giant CATL Cuts Prices in China
However, CATL has positioned this plan as a mutual profit and win-win scenario. “Our goal is not a price reduction. We have our own mineral resources and hope to share them with long-term strategic customers based on a lower profit potential,” the corporate defined.
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