On March 17th, CATL, the global leader in power batteries, announced its financial report for 2023.
The report reveals that CATL achieved a total revenue of 400.92 billion CNY in 2023, marking a 22.01% increase year-over-year; the net profit attributable to shareholders of the listed company was 44.121 billion CNY, up 43.58%.
The company plans to distribute a total of 22.06 billion CNY in annual cash dividends and special dividends, nearing a 50% payout ratio. Both the dividend amount and payout ratio have set new records for CATL.
During the reporting period, the company sold 390 GWh of lithium-ion batteries, a 34.95% increase from the previous year. Specifically, sales of power battery systems reached 321 GWh, up 32.56%; storage battery systems achieved 69 GWh, witnessing a 46.81% increase.
According to SNE Research, CATL's global market share for power battery usage in 2023 reached 36.8%, maintaining its top position globally for the seventh consecutive year; its market share for global shipments of storage batteries stood at 40%, securing the world leader position for the third consecutive year.
At the China EV100 Forum held on March 17th, Liu Jincheng, chairman of EVE Energy, commented, "Our industry is one where many aspire to compete, but few qualify. Who can outperform BYD or CATL? How can you possibly do so?"
He believes that in the power battery sector, the dominance of CATL and BYD is pronounced, and they already possess considerable profitability. For second-tier companies, engaging merely in price wars is a dead end.
