Research on the Sustainable Development Capacity of CATL - Based on Financial Data from 2015 to 2024

Main Article Content

Yukang Liang
Management College, Hebei University, Baoding 071002, China

DOI: https://doi.org/10.70267/fer.250302.385399

Keywords

DuPont analysis method, CATL, battery power industry, return on equity (ROE), financial characteristics

Abstract

This paper selects the leading company in the battery power industry, CATL Company, as the sample. By using the company's financial data from 2015 to 2024 and that of 10 companies in the same industry for internal comparison, the DuPont analysis method is taken as the core. Combined with the sequential substitution method, the impact degree of the three factors - net profit margin, total asset turnover rate, and equity multiplier - on the return on equity (ROE) is quantitatively calculated. The sensitivity of the indicators is verified through SPSS empirical analysis, and a comparative study is conducted with the leading company in the industry, BYD. Through the triple analysis of industry horizontal comparison, self-vertical comparison, and double-leading company comparison, the financial driving logic of CATL Company is dissected. Its current shortcomings are identified and optimization strategies are proposed. The research concludes that CATL Company has the financial characteristics of “profit-driven and stable leverage ratio”, and determines the financial differentiation characteristics between CATL Company and BYD Company. This also provides certain reference value for financial analysis and optimization of enterprises in the battery power industry.

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Published
Jun 29, 2026
Issue
Vol. 3 No. 2 (2026)
Section
Research Articles
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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Liang, Y. (2026). Research on the Sustainable Development Capacity of CATL - Based on Financial Data from 2015 to 2024. Financial Economics Research, 3(2), 385-399. https://doi.org/10.70267/fer.250302.385399