The analyst rating for CATL (300750.SZ) is positive due to several key factors highlighted in the report by Citi Research. Firstly, CATL's net profit for the first three quarters of 2025 reached RMB49 billion, reflecting a significant year-over-year increase of 36.2%, which indicates strong financial performance. Additionally, the core net profit also showed a robust growth of 35.6% year-over-year, aligning with the broker's expectations.
Furthermore, CATL's 3Q25 net profit of RMB18.5 billion, which was up 41.2% year-over-year and 12.3% quarter-over-quarter, demonstrates consistent growth. The report notes that both net profit and battery sales volume for this quarter met the broker's expectations, reinforcing confidence in the company's performance.
Citi Research also pointed out that the supply and demand dynamics in the battery industrial chain are rebalancing, with a booming demand for energy storage systems indicating the start of a new growth cycle. This positive outlook on the industry further supports CATL's position as a top pick for investors, alongside other companies in the sector.
