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<Research>BofAS: CATL (03750.HK) TP Elevated to $635 as 4Q25 Earnings Impressive
Recommend 1 Positive 3 Negative 2 |
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CATL (03750.HK) delivered impressive 4Q25 results, with revenue reaching RMB141 billion, up 37% YoY and 35% QoQ, BofA Securities issued a research report saying. Gross profit margin was 28.2%, up 5.1 ppts YoY, beating the broker's forecast, primarily due to improved capacity utilization. Considering the Group's 4Q25 results and its higher EV and energy storage battery shipment expectations, BofA Securities raised its 2026/ 2027 earnings forecasts by 4%/ 6% respectively. The broker also elevated its target prices for CATL's H-/ A-shares from $615/ RMB504 to $635/ RMB520. Given the solid growth outlook for energy storage batteries, coupled with new battery technologies that should help boost market share, maintain solid profit margins and strong overseas shipment growth prospects, BofA Securities reiterated rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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