Photo taken on September 11, 2019 shows the engineering center of CATL. (Xinhua/Lin Shanchuan)
BEIJING, Oct. 11 (Xinhua) -- China's battery giant Contemporary Amperex Technology Co., Ltd. (CATL, 300750.SZ) predicted a 112.87 -132.22 percent growth in its net profit attributable to listed shareholders in the first three quarters of this year, the Xinhua-run China Securities Journal reported on Monday.
CATL forecasted that its net profit attributable to listed shareholders could reach 16.5 to 18 billion yuan during the January-September period of this year.
In the third quarter of this year alone, the company’s net profit was expected to grow 169.33- 199.94 percent year on year to between 8.8 billion and 9.8 billion yuan.
According to CATL, the company beefed up efforts to strengthen market layout, promote the rapid growth of production and sales, which helped it secure the persistently leading position in the global market and result in the rapid profit growth. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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