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<Research>UBS: CATL 1Q26 Results Beat on Accelerated Deliveries
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UBS said in its report that CATL (03750.HK) managed to deliver forecast-beating results for 1Q26. Thanks to accelerated deliveries, CATL's net profit rose by 49% YoY to RMB20.7 billion, an amount accounting for 23% of UBS' and the market's full-year forecasts. Due to seasonality, however, it dropped by 10% on a QoQ basis. Excluding non-recurring items, the net profit would have increased by 53% YoY to RMB18.1 billion. Auto-translated by AI AASTOCKS Financial News |
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