According to the latest news from Hangjiashuo Energy Storage, on the evening of October 20, 2026, CATL (300750.SZ) disclosed its "Q3 2026 Report". Key data are as follows:
In Q3 2026, CATL achieved an operating revenue of CNY 165.221 billion, a year-on-year increase of 58.58%; net profit attributable to shareholders of the parent company reached CNY 21.246 billion (CNY 18.549 billion in the same period last year), a year-on-year increase of 14.54%; net profit after deducting non-recurring gains and losses was CNY 18.862 billion, a year-on-year increase of 14.86%.
In the first three quarters of 2026, CATL achieved an operating revenue of CNY 442.137 billion, a year-on-year increase of 56.19%; net profit attributable to shareholders of the parent company reached CNY 64.53 billion (CNY 49.034 billion in the same period last year), a year-on-year increase of 31.60%; net profit after deducting non-recurring gains and losses was CNY 57.876 billion, a year-on-year increase of 32.68%.
The net profit margin in Q3 was 12.9%, compared to 15.3% in Q2 and 17.8% in Q3 last year. This represents a quarter-on-quarter decrease of 2.4 percentage points and a year-on-year decrease of nearly 5 percentage points. In the first three quarters of 2026, the net cash flow generated from operating activities was CNY 61.625 billion, a year-on-year decrease of 23.60%.
Calculated based on 273 days from January to September 2026 and a net profit attributable to shareholders of the parent company of CNY 64.53 billion, CATL's average daily profit exceeded CNY 236 million.
Regarding energy storage revenue, CATL has not yet disclosed relevant data for Q3. According to relevant forecast data from Goldman Sachs, CATL's combined sales of power and energy storage batteries in Q3 exceeded 260 GWh, with energy storage sales growing by nearly 60% year-on-year, indicating strong market demand.
According to previous reports, the gross profit margin of CATL's energy storage battery systems in the first half of 2026 was 23.96%, a slight year-on-year decrease of 1.56 percentage points, still higher than the 20.63% of power battery systems. Moreover, energy storage revenue surged by 87.54% year-on-year to CNY 53.26 billion in the first half of the year, accounting for 85.3% of the total energy storage revenue for the entire last year (click here).
Ten days ago, CATL just secured a 3 GWh sodium-ion battery energy storage order: reaching an agreement with the German system integrator Intilion. Over the next five years, Intilion will implement BESS projects in the DACH region (Germany, Austria, and Switzerland) using CATL's sodium-ion battery solutions, with a target total capacity of up to 3 GWh (click here).
In addition, according to incomplete statistics from Hangjiashuo Energy Storage, since 2026, CATL has disclosed 18 energy storage orders with a total capacity of 96.96 GWh, of which sodium-ion battery energy storage orders reached 70 GWh, accounting for approximately 72.19%.
As of the market close on October 20, the total A-share market capitalization of CATL was CNY 1.199 trillion.
Note: The content of this article is only for sorting out public information in the energy storage industry, industrial research, and objective analysis. The listed companies mentioned in the article are only for reference as industry chain cases and do not serve as any investment basis. The market has risks, and investment requires caution.