On the evening of April 29, CATL disclosed its first quarterly report for 2022. According to the financial report, CATL’s revenue in the first quarter was 48.678 billion yuan, a year-on-year increase of 153.97%; net profit was 1.493 billion yuan, a year-on-year decrease of 23.62%. Increasing revenue without increasing profits is relatively rare in the Ningde era. The previous time the net profit fell was in the first quarter of 2020, when production and operations were generally affected by the epidemic. The decrease in net profit was mainly due to the surge in operating costs. The financial report shows that in the first quarter, the operating cost of CATL increased by 198.66% year-on-year, which far exceeded the revenue. In addition to the normal growth of sales, the main reason is the increase in cost caused by the rapid rise in the price of some upstream materials. The rapid growth of raw materials in the industrial chain has also led to a decline in the growth rate of cash flow in the CATL era. According to the financial report, affected by the tight supply of upstream materials and the rapid rise in prices, the funds used by CATL to enhance supply chain protection increased accordingly. The net cash flow from operating activities in the first quarter was 7.076 billion yuan, a year-on-year decrease of 35.48%. The price of raw materials has skyrocketed, and the pressure of competition has risen. .
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