Contemporary Amperex Technology, CNE100003662

Goldman Sachs sets RMB 565 target for Contemporary Amperex Technology stock

Published on 10/05/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached CNY 147.79 billion. Contemporary Amperex Technology stock closed at CNY 291.11 on September 30, 2026.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

Goldman Sachs set an RMB 565 12-month price target for Contemporary Amperex Technology A-shares on October 2, 2026, naming the battery maker its top China battery pick. The recommendation adds a valuation reference to a company whose second-quarter revenue reached CNY 147.79 billion and net income reached CNY 22.55 billion, according to EconoTimes.

Goldman targets battery scale

Goldman Sachs cited CATL's scale, technology leadership and cost advantages as the basis for its view. The bank also highlighted the shift from battery-cell manufacturing toward integrated energy-storage solutions, which could allow CATL to capture more value from large projects.

The target is paired with identifiable risks. EconoTimes cites weaker global electric-vehicle and energy-storage demand, higher raw-material costs and stronger competition as potential pressures on the investment case.

First-half growth accelerates

CATL reported first-half 2026 operating revenue of RMB 276.92 billion, up 54.80 percent from the prior-year period, while net profit attributable to shareholders rose 41.98 percent to RMB 43.28 billion, according to StockSentinel. Operating cash flow reached RMB 60.22 billion in the same period, up 2.61 percent year over year.

Energy storage was the standout operating area in that report. Its revenue increased 87.54 percent to RMB 53.26 billion, while the segment gross margin reached 23.96 percent compared with 20.63 percent for power batteries, giving investors a measurable reason to examine the business mix rather than battery volumes alone.

Stock remains below its yearly high

Contemporary Amperex Technology stock closed at CNY 291.11 on the Shenzhen Stock Exchange on September 30, 2026. The price stood within a 52-week range of CNY 285.74 to CNY 468.75, leaving the stock 37.90 percent below its high based on the same quote data.

That market backdrop makes the growth figures and the valuation call point in different directions. Earnings and energy-storage revenue are expanding quickly, while the share price remains near its yearly low and the Goldman Sachs target implies a materially higher valuation reference in the original share currency.