CATL posts 42% H1 profit jump, unveils record buyback

CATL reported first-half 2026 net profit of RMB43.28 billion (about $6.4 billion), up 41.98% year over year, on revenue of RMB276.92 billion, up 54.8%, as energy storage revenue jumped 87.54% to offset a cooling Chinese EV market. Alongside the July 24 results, CATL announced a plan to buy back and cancel RMB20 billion to 40 billion of A-shares, the largest single buyback in Chinese A-share market history, plus an interim dividend, saying its own stock is severely undervalued. Shenzhen-listed shares rose on the announcement.