[Epoch Times, April 21, 2022]Shares in CATL, China’s largest battery manufacturer, plummeted again. On April 20, the stock price of CATL fell sharply, and its market value fell below 1 trillion yuan.
As of the close of the day, CATL fell 7.55% to 407 yuan, with a total market value of 948.66 billion yuan.
Since the end of May 2021, the market value of Ningde era has exceeded 1 trillion yuan for the first time, and the market value of Ningde era has fallen below one trillion yuan for the first time. On December 3, 2021, CATL hit its highest price of 692 yuan since its listing, and its market value once exceeded 1.6 trillion yuan. So far, the stock price has fallen by more than 39%, and its market value has evaporated by more than 630 billion yuan.
This plunge may be related to performance. After the market close on April 19, there were market rumors that the performance of CATL in the first quarter of 2022 was lower than expected, which may not reach 5 billion yuan, and there may be a significant decrease from the previous quarter.
The performance forecast released by CATL in January this year showed that the net profit last year was between 14 billion and 16.5 billion yuan, a year-on-year increase of 150% to 195%.
It is reported that CATL’s 2021 annual report will be officially disclosed on April 22, and the 2022 first quarter report will be disclosed on April 28.
On April 20, it was reported that relevant sources of CATL revealed that the company will be preparing to release new power battery technology in the near future, and the stock price is expected to decline.
In this regard, Ningde Times told The Paper that the company has not announced any news about the recent release of new technologies. The company will release new technologies from time to time. The previously disclosed “Kirin battery” will be officially released in April.
A researcher said that whenever the reporting season comes, there will be many versions of rumors, and the accuracy is difficult to assess. If it is true that it is less than 5 billion, there may only be one reason for the lower than expected price. The price increase of lithium carbonate is not timely.
Caixin.com reported that a number of industry insiders said that the price of raw materials for power batteries will skyrocket in 2021. CATL has maintained a much higher gross profit margin than its peers through the relatively low-priced raw materials previously reserved, but with the gradual consumption of low-priced inventory, and The prices of metals such as lithium and nickel have risen further this year, and the profits of CATL are bound to be eroded.
CATL is a leading lithium battery company and the only company with a market value of over one trillion yuan on the Growth Enterprise Market. According to public information, as of September 30, 2021, CATL had 134,200 shareholders.
Responsible editor: Xu Menger