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    300750   CNE100003662

CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED

(300750)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2023-03-21
399.20 CNY   +1.38%
03/23Bolivia president calls for joint Latin America lithium policy
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China's battery maker CATL plans $3.5 billion new project

01/29/2023 | 08:41am EDT
Chinese battery maker CATL's plant in Arnstadt

BEIJING (Reuters) - Chinese battery giant CATL plans to build a new project to recover waste batteries and make lithium materials, with investment of up to 23.8 billion yuan ($3.5 billion), the company said on Sunday.

Guangdong Bangpu Recycling Technology Co Ltd - a unit of CATL - will invest and build the facilities in Foshan city in Guangdong province, CATL said in a statement.

The project will have a capacity of recovering 500,000 tonnes of waste battery materials and make lithium iron materials and other materials, the company said.

($1 = 6.7825 Chinese yuan renminbi)

(Reporting by Kevin Yao; Editing by Alison Williams)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 1.38% 399.2 End-of-day quote.1.47%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.60% 6.86784 Delayed Quote.-1.35%
All news about CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
03/23Bolivia president calls for joint Latin America lithium policy
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03/23Global markets live: Shell, UBS, Nvidia, Coinbase, Block...
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03/23Dingsheng to Supply More Than Half of CATL’s Aluminum Foil Requirements in China
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Analyst Recommendations on CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
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Financials
Sales 2023 430 B 63 023 M 63 023 M
Net income 2023 42 687 M 6 260 M 6 260 M
Net cash 2023 105 B 15 404 M 15 404 M
P/E ratio 2023 22,5x
Yield 2023 0,61%
Capitalization 961 B 141 B 141 B
EV / Sales 2023 1,99x
EV / Sales 2024 1,56x
Nbr of Employees 118 914
Free-Float 48,3%
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Mean consensus BUY
Number of Analysts 34
Last Close Price 393,58 CNY
Average target price 580,02 CNY
Spread / Average Target 47,4%
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Managers and Directors
Shu Zheng Chief Financial & Accounting Officer
Ying Ming Wu Chairman-Supervisory Board
Robin Zeng Chairman
Kai Wu Director, Chief Scientist & Deputy General Manager
Zu Yun Xue Independent Director
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