Contemporary Amperex Technology, CNE100003662

Goldman Sachs sets RMB 565 target for Contemporary Amperex Technology stock

Published on 10/02/2026 at 14:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 54.80 percent to CNY 276.92 billion. For Contemporary Amperex Technology stock, profit rose 41.98 percent to CNY 43.28 billion.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

Goldman Sachs set a 12-month target of RMB 565 for Contemporary Amperex Technology A-shares and HKD 947 for H-shares on October 2, 2026, according to Investing.com. The targets put valuation back at the center of the battery maker's investment case.

First-half growth stays strong

Revenue reached CNY 276.92 billion in the first half of 2026, up 54.80 percent from the same period a year earlier. Net profit attributable to shareholders rose 41.98 percent to CNY 43.28 billion, according to Stockinsky in its September 24, 2026 research report.

The earnings mix also matters. Energy storage revenue reached CNY 53.26 billion in the first half, up 87.54 percent year over year, while the segment's gross margin was 23.96 percent, according to the same report from Stockinsky.

Buyback adds a capital-return angle

Contemporary Amperex Technology announced a share repurchase program worth up to CNY 40.0 billion on September 3, 2026. The program covers A-shares, sets a maximum purchase price of CNY 573 per share and requires shareholder approval, according to MarketScreener.

That authorization gives the growth figures a second angle: earnings expansion is being paired with a potential reduction in the share count. The approval condition means the announced CNY 40.0 billion is a program ceiling rather than completed spending.

Shenzhen quote remains below the target

On Shenzhen, the stock was quoted at CNY 291.11 on September 30, 2026 at 3:04 p.m. China Standard Time, versus a prior close of CNY 286.80. Market capitalization stood at CNY 1.3 trillion on that date.

Contemporary Amperex Technology is listed on the Shenzhen Stock Exchange under ticker 300750 and operates in electric vehicle batteries and energy storage. The next valuation question is whether the 54.80 percent first-half revenue increase can support the targets while margins and capital spending remain under scrutiny.