The first limit-down since its listing, CATL's profit in the first half of the year fell by nearly half

On July 25, CATL (300750, SZ) plunged in the stock market today, and finally closed at the limit down, closing at 82.59 yuan per share, with a turnover of 4.03 billion yuan. This is the first limit down of CATL since its listing on June 11.

Since its listing, CATL has seen daily price increases several times, and soon became the largest company in the ChiNext by market value. On July 25, CATL's highest price during trading was 95.08 yuan per share, with a market value of 206.514 billion yuan, breaking through 200 billion yuan.

When CATL went public, its issue price per share was 25.14 yuan, corresponding to a price-earnings ratio of 22.99 times. As of today's closing, the company's stock price has more than tripled, with a dynamic price-earnings ratio as high as 108.52 times.

After CATL went public, the initial increase was already very large, and there is a risk of overdrawing future profit growth. The current correction is normal.

The forecast shows that in the first half of 2018, CATL's net profit attributable to shareholders of listed companies was 884 million yuan to 938 million yuan, a decrease of 51.20% to 48.19% compared with the same period last year.

In response, CATL stated that the transfer of equity in Beijing Pride New Energy Battery Technology Co., Ltd. in the previous year led to a decline in performance.

After deducting non-recurring gains and losses, CATL's net profit attributable to shareholders of listed companies was 671 million yuan to 713 million yuan, an increase of 31.43% to 39.56% over the same period last year.

The rapid development of the new energy vehicle industry has led to an increase in domestic power battery market demand compared with the same period last year, and CATL has also developed rapidly as a result.

CATL is constantly expanding its "circle of friends" and receiving large orders frequently. In July 2018 alone, CATL signed contracts with Dongfeng, BMW Brilliance, GAC and other vehicle manufacturers.

In the first half of 2018, CATL's leading position in power lithium batteries remained stable. According to statistics from the Power Battery Application Branch, from January to June this year, CATL's cumulative installed capacity exceeded 6.54GWh, with a cumulative market share of 42.33%.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.