CATL profit growth slows: JPMorgan cuts target for Contemporary Amperex Technology stock

Contemporary Amperex Technology (ISIN CNE100003662) reported third-quarter net profit of CNY 21.25 billion, up 14.5 percent from a year earlier. Reuters reported the results on October 20, 2026, when competition in China's electric vehicle battery market had slowed profit growth.

Revenue rises but profit growth slows

Revenue climbed 58.6 percent year over year to CNY 165.22 billion in the third quarter of 2026, while profit growth slowed from 36.5 percent in the second quarter. Reuters said the result fell short of the 41.2 percent profit-growth estimate and the 60.2 percent revenue forecast.

The comparison matters because sales expanded faster than earnings. Reuters linked the pressure to fierce competition and cooling Chinese auto sales, while CATL's share of China's power-battery installation market fell to 40.9 percent in September from 49.8 percent in January.

What does 14.5 percent growth mean?

The result points to a wider margin challenge. Investing.com reported on October 20, 2026, that JPMorgan downgraded CATL's H shares to Neutral from Overweight and cut its target from HKD 725 to HKD 500. The report cited deteriorating profitability across the electric vehicle supply chain.

Three dated stock developments

On October 19, 2026, JPMorgan cut its target from HKD 725 to HKD 500, according to Investing.com. On October 20, 2026, CATL reported CNY 21.25 billion in third-quarter net profit, as Reuters reported. On October 26, 2026, the Shenzhen-listed stock was last quoted at CNY 238.00, with a market capitalization of CNY 1.0 trillion.

Stock valuation and next dates

The latest quotation puts the company below its 52-week high of CNY 468.75 and above its 52-week low of CNY 216.51. The next two dated items substantiated for investors are the October 20, 2026 results release and the October 26, 2026 market quotation.

CATL stock stays tied to margins

The central issue is not sales growth alone but how much of that growth reaches profit. CATL's third-quarter net profit rose 14.5 percent to CNY 21.25 billion, while revenue increased 58.6 percent to CNY 165.22 billion.

Its last available Shenzhen quotation was CNY 238.00 on October 26, 2026 at 3:04 p.m. CST, after the session, and the company's market capitalization was CNY 1.0 trillion on that date.

Contemporary Amperex Technology stock facts

• Company: Contemporary Amperex Technology Co., Limited
• ISIN: CNE100003662
• Ticker: 300750
• Primary exchange: Shenzhen Stock Exchange
• Last price on Shenzhen Stock Exchange (as of October 26, 2026, 3:04 p.m. CST): CNY 238.00
• Market capitalization: CNY 1.0 trillion (as of October 26, 2026)
• 52-week range: CNY 216.51-468.75 (as of October 26, 2026)

Market context: Market report Shanghai Composite.

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