CATL: There is no significant change in the company's production plan for the second quarter and the whole year, and the capacity utilization rate is relatively saturated.

Contemporary Amperex Technology (CATL) stated at its performance briefing that since the second half of 2025, benefiting from the saturation of production capacity utilization and the scale benefits released by the expansion of delivery volume, the company's profitability is stable. At the beginning of this year, due to policy changes and the traditional off-season, there was some short-term fluctuation in sales in the domestic passenger car market. However, based on the long-term trend of the continuous increase in the global electrification penetration rate, the industry growth logic has not changed, and the company and customers are confident in the industry's development prospects for the whole year. Currently, there is no significant change in the company's production planning for the second quarter and the whole year, and the production capacity utilization rate continues to be relatively high.