More than two-thirds of CATL’s business is still in China, accounting for 68.54% of revenue, with the remaining 31.48% from overseas markets.
Net profit for the first half of 2026 was RMB43.284 billion, which was a year-over-year increase of 41.98%.
ESS battery systems were also more profitable for CATL than EV battery systems in both H1 2025 and H1 2026. The company’s total gross profit stood at RMB66.26 billion at the end of H1 2026, with a gross profit margin of 23.93%. This was a slight decline from 25.02% gross profit margin from RMB44.76 billion gross profit a year before.
EV battery systems registered RMB39.6 billion gross profit and a 20.63% gross profit margin in the most recent period, a slight decline from 22.41% margin to RMB29.49 billion gross profit in H1 2025.
ESS battery systems’ margin also declined, but it remained higher at 23.96% gross profit margin from RMB12.76 billion in H1 2026. This was down from 25.52% margin from RMB7.25 billion in the first six months of last year.
