Battery product sales are increasing. Contemporary Amperex Technology (300750.SZ) expects net profit for 2024 to be between 49 billion and 53 billion yuan, an increase of 11.06% to 20.12%.

Contemporary Amperex Technology (300750.SZ) disclosed its 2024 annual performance forecast, with the company expecting operating income to be between 356 billion yuan and 366 billion yuan, a year-on-year decrease of 8.71% to 11.20%; net profit attributable to the company's shareholders is expected to be between 49 billion yuan and 53 billion yuan, a year-on-year increase of 11.06% to 20.12%; net profit attributable to the company's shareholders after deducting non-recurring gains and losses is expected to be between 44 billion yuan and 47 billion yuan, a year-on-year increase of 9.75% to 17.23%. During the reporting period, although the company's battery product sales volume increased, the decrease in prices of raw materials such as lithium carbonate led to a corresponding adjustment in product prices, resulting in a decrease in operating income year-on-year; net profit attributable to the company's shareholders increased year-on-year, mainly due to the continuous enhancement of the company's technological research and development capabilities and product competitiveness. During the reporting period, the company has continuously promoted innovation, actively introduced new products and technologies, continued to deepen cooperation with customers, achieved good performance in different markets and application fields, thereby driving stable growth in performance.