Analysis
CATL 2025 Annual Results: 121 GWh ESS Shipped, RMB 62.4 Billion ESS Revenue
CATL
📍 Ningde, China · Est. 2011Listed · SZSE: 300750 / HKEX: 3750
Researched by 88 professionals in the last 30 days
概述
CATL, founded in 2011 and headquartered in Ningde, Fujian, is the world's largest battery manufacturer by shipped energy storage capacity, selling 121 GWh of storage batteries in 2025. The company is vertically integrated from LFP cell production to containerised DC block systems and has held the leading position in global energy storage battery shipments for consecutive years. Manufacturing runs across thirteen bases in China plus Thuringia in Germany and Debrecen in Hungary.
概覽
RMB 424B (~US$59.8B)
營收
185,839
員工人數
121 GWh
ESS 出貨量
產品
CATL offers 9 BESS products across 2 categories: Battery Cell, DC Block.
Battery Cell
LFP
280Ah, 0.5P
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LFP
306Ah, 0.5P
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LFP
314Ah
查看規格
LFP
587Ah
查看規格
DC Block
TENER
6.25 MWh
查看規格
TENER Stack
9 MWh
查看規格
TENER Flex
752 kWh
查看規格
EnerC+
4.07 MWh
查看規格
EnerOne+
407 kWh
查看規格
全球據點
CATL is headquartered in Ningde, China with manufacturing in China, Germany, Hungary. 15 known facilities worldwide.
HQ
Manufacturing
設施
總部
Ningde, Fujian, China
生產
Yibin, Sichuan, ChinaLiyang, Jiangsu, ChinaZhaoqing, Guangdong, ChinaJining, Shandong, ChinaXiamen, Fujian, ChinaYichun, Jiangxi, ChinaGuiyang, Guizhou, ChinaLuoyang, Henan, ChinaShanghai, ChinaXining, Qinghai, ChinaChongqing, ChinaChengdu, Sichuan, ChinaThuringia, GermanyDebrecen, Hungary
財務數據及報告
CATL is publicly listed (SZSE: 300750 / HKEX: 3750). Key figures from FY2025. Annual report available for download.
關鍵數據
RMB 424B (~US$59.8B)
營收
RMB 72.2B (~US$10.2B)
淨利
26.5%
毛利率
RMB 22.1B (~US$3.1B)
研發支出
185,839
員工人數
121 GWh
ESS 出貨量
RMB 62.4B (~US$8.8B)
ESS 營收
A- (S&P)
信用評等
Source: 2025 annual report (CNINFO). Revenue +17.04%, net profit +42.28%. Energy storage battery sales 121 GWh, up 29.13%; storage system revenue RMB 62.4B at a 26.7% gross margin. Total lithium battery sales 661 GWh. Capacity 772 GWh with a further 321 GWh under construction. Headline gross margin is the electrical machinery segment, 98.6% of revenue. Credit rating carried over from the previous profile, not re-verified.
獨立分析
›
股價表現
永續發展
CATL publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2025.
ESG 關鍵數據
54,538
專利
22,901
研發人員
-77% intensity vs 2022
CO2 Reduced
Source: 2025 ESG report. Carbon emission intensity per unit product down about 77% against 2022 and energy intensity down 28% over the same period. All core operational battery bases reached carbon neutrality in 2025, certified to ISO 14068-1. Patents are held or under application, domestic and international.
認證與合規
CATL holds 3 certifications covering quality management, environmental standards, and safety compliance.
ISO 9001
ISO 14001
ISO 45001
參考案例與個案研究
Selected BESS projects officially disclosed by CATL. 2 documented projects with case studies available for download.
