On the evening of March 9th, CATL disclosed its 2025 annual report and simultaneously released an announcement regarding the proposed registration and issuance of bonds. Data shows that CATL achieved dual growth in both operating revenue and net profit in 2025, and it plans to further optimize its debt structure and support business development by issuing large-scale bonds.
Dual Growth in Revenue and Net Profit, Thriving Battery Production and Sales
In 2025, CATL realized an operating revenue of RMB 423.702 billion, a year-on-year increase of 17.04%. Among this, the net profit attributable to shareholders of the listed company reached RMB 72.201 billion, a year-on-year increase of 42.28%. At the same time, the net cash flow generated from the company's operating activities was RMB 133.220 billion, marking a year-on-year growth of 37.35%.
In terms of business sales and market share, CATL achieved a lithium-ion battery sales volume of 661 GWh in 2025, representing a year-on-year increase of 39.16%. Specifically, the sales volume of power batteries was 541 GWh, a year-on-year increase of 41.85%; the sales volume of energy storage batteries was 121 GWh, up 29.13% year-on-year.
Proposed Issuance of RMB 40 Billion in Bonds to Further Optimize Debt Structure
Alongside the disclosure of its stellar performance, CATL announced a large-scale financing plan. To meet the needs of the company's production, operations, and business development, as well as to optimize its debt structure and reduce financing costs, the company proposes to register and issue bonds not exceeding RMB 40 billion (inclusive of RMB 40 billion).
The term of the bonds to be issued this time will not exceed 5 years (inclusive of 5 years). The funds raised will be primarily used for project construction, replenishing working capital, repaying interest-bearing debts, and other purposes that comply with laws, regulations, and regulatory requirements.
This issuance proposal was reviewed and approved at the 14th meeting of the company's Fourth Board of Directors on March 9, 2026. It is still subject to submission to the company's 2025 Annual General Meeting of Shareholders for review before it can be implemented.
Source：EnergyTrend
