On April 30, CATL announced the report for the first quarter (Q1) of 2022, which was delayed by two days from the original date. Data show that in the first quarter, CATL’s revenue was 48.68 billion yuan, a year-on-year increase of 153.97%; the net profit attributable to shareholders of listed companies was 1.493 billion yuan, a year-on-year decrease of 23.62%. According to CATL’s 2021 financial report, CATL’s annual net profit attributable to shareholders of listed companies is about 15.931 billion yuan, a year-on-year increase of 185.34%, showing strong profitability. The financial report shows that in the first quarter, the company’s operating costs increased by 198.66% year-on-year. In addition to the normal growth of sales, the rapid rise in the price of some upstream materials caused the increase in cost is the main reason. The investment in research and development expenses has also continued to increase, with a year-on-year increase of 117.49%: the increase in research and development projects and the expansion of research and development teams, the corresponding expenditures have increased compared with the previous period. At the same time, investment income increased by 7246.98% to 460 million yuan. The financial report shows that investment income increased due to the sale of equity in some participating companies and the improvement of efficiency of some participating companies. In terms of cash flow, also affected by the tight supply of upstream materials and the rapid rise in prices, the company used to enhance supply chain protection.
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