Flash | 24 Jul 2026 12:44:31 ET │ 14 pages CATL (300750.SZ) 1H26 NP +42% YoY, Share Buyback Plan a Positive Surprise; Maintain Top Pick CITI'S TAKE CATL reported in-line results with 1H26 net profit at Rmb43.3bn, +42% YoY, and core net profit at Rmb39bn, +43.4% YoY. 1H26 net profit represents 42%/45% of Citi/Bloomberg full-year estimates. 2Q26 bottom line came in at Rmb22.5bn (+36.5% YoY, +8.7% QoQ) and core net profit at Rmb20.9bn (+36.1% YoY, +15.6% QoQ). 2Q26 GP margin was 22.7% vs 24.3% in 1Q26 and 27.5 ...