CATL Raises H1 Net Profit Forecast 42%, Plans 20-40B Yuan Buyback—A-Share Record

Contemporary Amperex Technology Co., Ltd. (CATL) said on July 26 that its first-half net profit is expected to increase 42% year-over-year. The company announced plans to repurchase 20-40 billion yuan in stock, marking a record single buyback on China's A-share market. CATL will also distribute dividends of 14.11 yuan per 10 shares.
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