Financial Wire

CATL's Q1 Profit Jumps 49% as Revenue Soars 52%; Shares Up 4%

-- Contemporary Amperex Technology's (SHE:300750, HKG:3750) net profit attributable to shareholders in the first quarter rose 49% to 20.74 billion yuan from the year-ago profit of 13.96 billion yuan, according to a Hong Kong bourse filing on Wednesday.

The battery maker's Hong Kong shares jumped 4% and Shenzhen shares rose 2% during the morning trade.

Earnings per share climbed 44% year on year to 4.58 yuan from 3.18 yuan.

Operating revenue jumped 52% to 129.13 billion yuan from 84.70 billion yuan in the previous year.

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CATL's Q1 Profit Jumps 49% as Revenue Soars 52%; Shares Up 4% | Financial Wire