Gasgoo Munich- On April 15, CATL reported a robust start to 2026, with first-quarter revenue reaching 129.131 billion yuan, surging 52.45% year-on-year. Net profit attributable to shareholders soared 48.52% over a year earlier to 20.738 billion yuan, while net profit excluding non-recurring items jumped 52.95% to 18.093 billion yuan. Earnings per share came in at 4.58 yuan, marking a 44.03% increase from a year earlier.Image source: CATLThe company attributed the strong top-line performance primarily to continued expansion in its core battery businesses.On the same day, CATL announced its 2025 A-share dividend plan, proposing a cash payout of 69.57 yuan (tax included) for every 10 shares. The total cash dividend for A-share investors will amount to approximately 30.45 billion yuan. The plan does not include bonus shares or capital reserve transfers.April 21, 2026 has been set as the record date, with both the ex-dividend date and the dividend payment date scheduled for April 22, 2026.In a separate filing, CATL said its board has approved the establishment of a wholly owned subsidiary, tentatively named Times Resources Group (Xiamen) Co., Ltd. The new entity will serve as a dedicated investment, operation, and management platform for the company's upstream new energy mineral assets.The subsidiary is planned with a registered capital of 30 billion yuan, funded through a combination of cash and equity contributions. The cash portion will come from internal and self-raised funds, while equity contributions will include stakes in relevant subsidiaries and affiliated companies.CATL said it has already been building positions in key upstream resources such as lithium, nickel, and phosphorus to secure stable raw material supply. The creation of Times Resources Group represents a further push upstream, aimed at strengthening vertical integration and enhancing supply chain resilience.The platform will consolidate existing mining-related assets and pursue high-quality resource projects both domestically and internationally, ensuring long-term security of raw materials for CATL's core battery business.Besides, CATL plans to host its 2026 "Super Tech Day" event on April 21. The company described it as its most technology-intensive launch to date, promising new technologies, products, and ecosystem developments targeting key industry challenges. Specific details, however, have yet to be disclosed.
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