Added to YB: 2024-06-04
Pitch date: 2024-04-19
300750.SZ [bullish]
Contemporary Amperex Technology Co., Limited
+114.19%
current return
Author Info
No bio for this author
Company Info
Contemporary Amperex Technology Co., Limited engages in the development, production, sale, and after-sales service of power battery systems, energy storage battery systems, and battery materials formed by applying battery recycling technology worldwide.
Market Cap
CNY 1.7T
Pitch Price
CNY 182.93
Price Target
N/A
Dividend
0.53%
EV/EBITDA
17.01
P/E
26.36
EV/Sales
3.95
Sector
Electrical Equipment
Category
dividend
Harding Loevner Chinese Equity Composite Portfolio Holding: Contemporary Amperex Technology Co., Limited
CATL (300750.SZ), world's largest EV battery maker, unexpectedly raised dividend payout to 50% from 20% in 2023 after regulators pushed for better shareholder returns. Shift to less capex-heavy licensing model supports higher payout. Strong balance sheet & global demand despite rivals' struggles. Ditching wealth management products for dividends signals shareholder-friendly shift.
Read full article (2 min)