Added to YB: 2024-06-04
Pitch date: 2024-04-19
300750.SZ [bullish]
Contemporary Amperex Technology Co., Limited
+36.71%
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 and energy storage batteries, and battery materials in China and internationally.
Market Cap
CNY 1.1T
Pitch Price
CNY 183.59
Price Target
N/A
Dividend
1.87%
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.
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