CATL (300750 CH) FY energy storage revenue CNY 62.44bln (exp. 74.17bln), Net income 72.2bln (exp. 69.98bln)

• Plans to issue bonds worth up to CNY 40bln. 

CATL's FY energy storage revenue fell short of expectations, which may raise concerns about demand or competition in the sector. However, the net income exceeded expectations, indicating strong profitability, which might provide a cushion against revenue shortfalls. The announced bond issuance could signal a strategy to raise capital for future expansion or projects, warranting close attention to market response on liquidity and growth prospects.