CATL Reportedly Mulling HK Listing to Raise at Least $5 Billion
CATL Reportedly Mulling HK Listing to Raise at Least $5 Billion
The company is in talks with potential advisers, and a listing in Hong Kong could take place as early as the first half of 2025, according to Bloomberg.CATL is in talks with potential advisers and a listing in Hong Kong could take place as early as the first half of 2025, according to Bloomberg.
根据彭博社的报道，宁德时代正在与潜在顾问进行会谈，香港上市最早可能在2025年上半年进行。
Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) is considering a second listing in Hong Kong that could raise at least $5 billion, making it the biggest listing in the city since early 2021, Bloomberg said in a report today, citing people familiar with the matter.
宁德时代（CATL，深证：300750）正在考虑在香港进行第二次上市，预计至少筹集50亿，使其成为自2021年初以来在该市最大的上市，彭博社今日在一份报告中引用了知情人士的话。
CATL, the world's largest maker of electric vehicle (EV) batteries, was listed on the Shenzhen Stock Exchange on June 11, 2018, and has a current market capitalization of RMB 1.19 trillion ($163 billion).
宁德时代是全球最大的电动汽车（EV）电池制造商，于2018年6月11日在深股通上市，当前市值为1.19万亿人民币（约合1630亿USD）。
The company is in talks with potential advisers, and a listing in Hong Kong could take place as early as the first half of 2025, according to Bloomberg.
该公司正在与潜在顾问进行会谈，香港上市最早可能在2025年上半年进行，彭博社指出。
CATL's deliberations are still ongoing and plans could change, the report said, adding that a second listing is still subject to approval from China's securities regulator.
报告指出，宁德时代的讨论仍在进行中，计划可能会有所变化，第二次上市仍需获得中国证券监管机构的批准。
CATL, based in Ningde, Fujian province in southeastern China, has seen its Shenzhen-traded shares rise about 70 percent this year.
位于中国东南部福建省宁德市的宁德时代，今年在深证交易的股票上涨了约70%。
In the third quarter of the year, the company reported revenue of RMB 92.28 billion, down 12.48 percent year-on-year but up 6.07 percent from the second quarter, according to financial results announced on October 18.
根据10月18日公布的财务结果，该公司在今年第三季度报告的营业收入为922.8亿人民币，同比下降12.48%，但比第二季度增长6.07%。
The company saw better cost control in the third quarter, with operating costs coming in at RMB 63.52 billion, down 22.34 percent year-on-year and down 0.48 percent from the second quarter.
该公司在第三季度更好地控制了成本，运营成本为635.2亿人民币，同比下降22.34%，比第二季度下降0.48%。
CATL's net income in the third quarter was RMB 13.14 billion, the second highest in its history and second only to the fourth quarter of 2022. This is up 25.97 percent year-on-year and 6.32 percent from the second quarter.
宁德时代第三季度的净利润为131.4亿人民币，创下历史第二高，仅次于2022年第四季度。同比增长25.97%，较第二季度增长6.32%。
It achieved a record gross margin of 31.17 percent in the third quarter, the first time it exceeded 30 percent. This is an increase of 8.75 percentage points from the same period last year and up 4.53 percentage points from the second quarter.
第三季度其毛利率创下31.17%的新高，这是首次超过30%。相比去年同期增长8.75个百分点，较第二季度增长4.53个百分点。
The company is the world's largest EV battery maker, with 252.8 GWh of power batteries installed in the January-October period, for a global share of 36.8 percent, according to South Korean market researcher SNE Research.
该公司是全球最大的电动汽车电池厂家，根据韩国市场研究机构SNE Research的数据显示，在1月至10月期间，安装了252.8 GWh的动力电池，全球市场份额为36.8%。
In China, CATL continued to rank first with a 42.71 percent share of 28.7 GWh of installed power batteries in November, according to China Automotive Battery Innovation Alliance (CABIA).
在中国，宁德时代在11月继续排名第一，28.7 GWh的已安装动力电池市场份额为42.71%，根据中国汽车动力电池创新联盟（CABIA）的数据。
CATL reveals ambitious plans aimed at standardizing swappable batteries
宁德时代透露了旨在标准化可更换电池的雄心勃勃的计划。
