Contemporary Amperex Technology, CNE100003662

Contemporary Amperex Technology stock keeps Guosheng Buy view

Published on 11/11/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Contemporary Amperex Technology stock retains a Buy view from Guosheng Securities. The broker sees market-share gains supporting long-term growth.

Guosheng Keeps Buy Rating

Guosheng Securities expects CATL's net profit to rise through 2028 despite near-term margin pressure.
The battery maker held a 39.1 percent global power-battery installation share in the first nine months of 2026.
Battery swapping agreements are broadening CATL's position beyond traditional battery supply.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

Contemporary Amperex Technology stock remains supported by a positive research view after the battery maker's third-quarter update. In a report published on Wednesday, November 11, 2026, Guosheng Securities maintained its Buy rating, according to a report carried by Gelonghui Finance via Futubull.

Market Share Supports Long-Term View

Guosheng said CATL's third-quarter earnings showed short-term fluctuations, while its global position continued to strengthen. The company held a 39.1 percent share of global power-battery installations in the first nine months of 2026, an increase of 1.6 percentage points from a year earlier.

Net profit attributable to shareholders reached 64.53 billion yuan in the first three quarters, up 31.6 percent year on year. Third-quarter net profit was 21.25 billion yuan, down 5.8 percent from the second quarter.

Battery Swapping Expands Strategic Scope

The research report also highlighted CATL's expansion into battery swapping. Since October, the company has signed cooperation agreements with several partners, including a strategic framework involving Yinwang and Times Electric Service and a million-unit battery-swapping agreement with BAIC Group.

That strategy could broaden CATL's role from battery supplier to energy-service provider. For investors, the opportunity comes with execution and profitability risks, particularly as consumption taxes and lower export-tax rebates affect the battery sector.

Profit Forecasts Reflect Continued Growth

Guosheng Securities projects attributable net profit of 88.0 billion yuan for 2026, 106.73 billion yuan for 2027 and 126.11 billion yuan for 2028. Based on the November 10 closing price, the report cited forward price-to-earnings ratios of 13.1, 10.8 and 9.2 times, respectively.