Shares in battery maker Contemporary Amperex Technology Co., Limited (CATL) fell 11.41% in Hong Kong on Oct. 21, a steep loss during a broader decline in Chinese equities.
CATL reported third-quarter revenue of 165.22 billion yuan, up 58.58% from a year earlier, while net profit attributable to shareholders rose 14.54% to 21.25 billion yuan. The figures cover July through September and are unaudited.
For the first nine months of 2026, CATL’s operating costs increased 61.61% from a year earlier, compared with a 56.19% rise in revenue. The company linked its revenue growth to an expansion in business scale. Its filing did not identify a cause for the gap between third-quarter revenue and profit growth.
CATL’s Hong Kong shares closed at HK$364.80. The CSI 300 lost 0.97% to 4,111.93, and the Shanghai Composite fell 0.60% to 3,713.03.
In Hong Kong, the Hang Seng Index declined 0.90% to 23,651.87, while the Hang Seng Tech Index dropped 1.26% to 3,994.77. Shares of Pop Mart International Group Limited fell 4.84% to HK$129.80.
China’s National Bureau of Statistics reported that September retail sales rose 1.1% from a year earlier to 4,243.3 billion yuan. Sales excluding automobiles grew 3.9%. Motor vehicle sales by enterprises and units above the designated size fell 21.2%; that figure does not cover all motor vehicle retailers.
