China CATL's shares dip after it warns of revenue fall, slowing profit growth
Shares in CATL, the world's largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its annual revenue fell for the first time last year and that profit grew at its slowest pace since 2019.
CATL to report record profit in 2024 despite revenue decline amid lithium price slump
Meanwhile, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015.
CATL Faces First Revenue Decline, Shares Drop 4%
Shares of CATL, the worlds largest battery maker, fell nearly 4% on Wednesday after the company announced its first annual revenue decline since 2015. In a securities filing, CATL revealed an 8.7%11.2% revenue drop
CATL forecasts YoY drop in 2024's revenue, but net profit expected to rise
On January 21, CATL announced its 2024 earnings forecast, revealing a year-on-year decline in revenue but an increase in net profit attributable to shareholders. Shanghai (Gasgoo)- On January 21, CATL announced its 2024 earnings forecast, revealing a year-on-year decline in revenue but an increase in net profit attributable to shareholders.
CATL shares drop as company warns of first annual revenue fall
Shares in CATL, the world's leading battery manufacturer, fell by nearly 4% on Wednesday following the company's announcement of an expected decline in annual revenue for the first time since it began disclosing its operating figures in 2015.
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