CATL Surges on Buyback Plan and Strong Earnings
Shares of Contemporary Amperex Technology Co. Ltd. jumped after the world's largest electric-vehicle battery maker announced a share buyback plan following strong first-half earnings.
全球最大的电动汽车电池制造商宁德时代公布上半年强劲盈利并宣布股票回购计划后，该公司股价上涨。
CATL climbed as much as 5.4% in Shenzhen to 403.8 yuan, its biggest intraday gain in more than a month. The stock ended 4.4% higher at 400 yuan. Its Hong Kong-listed shares closed up 2.1% at HK$635.
7月27日，宁德时代在深圳上市的股票一度上涨5.4%至403.8元，创一个多月来最大盘中涨幅，最终收涨4.4%，报400元。其港股股价收涨2.1%至635港元。
The company plans to buy back between 20 billion yuan to 40 billion yuan worth of its A-shares, with the purchase price capped at 573 yuan per share. All repurchased shares will be canceled.
该公司计划回购A股股份，回购资金总额不低于200亿元且不超过400亿元，回购价上限为573元/股，回购所得股份将全部注销。
"Considering the company's financials, industry position, and capital market factors, the company sought the buyback in order to address the potential for a significant drop in the company's stock price and a mismatch between valuation and actual value due to market volatility," CATL said in a filing on Sunday, citing minutes from an investor call on Friday.
宁德时代上周日在一份投资者关系活动记录表中表示：“综合考虑公司财务状况、行业地位、资本市场等因素，且为应对未来可能因市场波动而出现公司股价大幅下滑、估值与公司实际价值不匹配的情况，公司推出了回购计划。”
The battery maker joins a growing number of Chinese companies announcing share buybacks in recent weeks after a selloff in artificial-intelligence and semiconductor stocks spilled over into the broader market.
在人工智能和半导体板块的抛售蔓延至整体市场后，宁德时代成为近期宣布股票回购的多家中国企业之一。
CATL reported a 42% increase in first-half net profit to 43.3 billion yuan, while revenue surged 54.8% to 276.9 billion yuan, the company said Friday. The strong results were driven in part by robust demand for energy-storage systems.
宁德时代上周五公告称，上半年净利润增长42%至433亿元，营收飙升54.8%，达到2769亿元。强劲业绩得益于市场对储能系统的旺盛需求。
The energy-storage market "is expected to maintain a relatively rapid growth this year and next," CATL told investors on Friday. "While domestic sales of new-energy passenger vehicles faced some pressure in the first half."
宁德时代周五向投资者表示，预计今明年储能市场将保持较快增长，而上半年国内新能源乘用车销量面临一定压力。
END
GreenergyDaily
向世界讲好中国能源故事
