Shanghai, Jan 11, 2026, 04:41 (CST) — Market closed
- CATL announced it will adopt China’s accounting standards for all its reports starting with the 2025 annual report and will discontinue appointing a separate offshore auditor
- A filing revealed CATL waived its pre-emptive rights in AutoFlightX’s capital raise, while a chair-controlled entity pumped in $100 million
- Shares listed in Shenzhen last closed just under 369 yuan. Investors are now focused on Monday’s opening session and the upcoming earnings release.
Contemporary Amperex Technology Co., Ltd. (CATL) announced it will switch to preparing financial reports solely under China’s accounting standards for both its Shenzhen and Hong Kong listings starting with its 2025 annual report. This marks the end of using International Financial Reporting Standards (IFRS) alongside. The company also revealed it will no longer appoint a separate overseas audit firm, according to a notice filed with the exchange.
The change comes as CATL establishes its dual listing, aiming to streamline its disclosures. For investors in Hong Kong, this means they’ll see a single set of figures prepared under China’s accounting rules instead of IFRS, though the company insists the two frameworks are “basically converged.”
This week’s filings have again drawn attention to governance issues that can sway Chinese mega-caps: related-party transactions, their signatories, and pricing methods. CATL’s chairman appears in the disclosures.
CATL’s Class A shares (300750.SZ) ended Friday barely changed, closing up 0.01% at 369.23 yuan after fluctuating between 367.01 and 377.63 yuan during the session. The stock remains roughly 13% off its 52-week peak of 424.36 yuan. Its market cap stands near 1.69 trillion yuan, per Investing data.
In a separate filing on Friday, CATL announced it will waive its pre-emptive rights — allowing existing shareholders to buy new shares to prevent dilution — in a capital raise at AutoFlightX Inc, an associate held via its Hong Kong unit. The filing revealed Ruihua Investment (Hong Kong), fully owned by chairman Zeng Yuqun, plans to invest $100 million by subscribing to 17.43 million shares at $5.7375 apiece as AutoFlight issues 34.86 million new shares.
AutoFlight, the eVTOL developer, reported an unaudited net loss around 325 million yuan for the first nine months of 2025, according to its filing. CATL confirmed the transaction won’t affect its consolidation scope or disrupt its normal operations and financial standing.
Taken together, the two filings highlight a key question for investors in the months ahead: Can CATL maintain clean, comparable reporting as it ventures into new bets and expands overseas?
Over the weekend, CATL highlighted its international service expansion by unveiling what it calls the Middle East’s first NING SERVICE Experience Center in Riyadh on Jan. 10. The facility, covering more than 7,000 square meters, is the company’s largest new-energy aftermarket site outside China. “Our decision to establish this center … is … a long-term commitment,” said Bruce Li, a CATL executive, in the statement. (PR Newswire)
Battery makers are expanding service and repair networks alongside their cell production to tap growth beyond saturated home markets. For CATL, the key question is the pace at which these networks convert into reliable, higher-margin income — and the level of investment needed to reach that point.
But risks remain. Related-party deals tend to attract headlines, even when companies insist the pricing is fair. Moving Hong Kong reporting away from IFRS could also complicate comparisons for some offshore investors, at least to some extent.
China’s markets kick back into gear Monday, Jan. 12. Traders will be scanning early price moves for clues on whether the weekend’s disclosures have shifted sentiment. Then, attention turns to CATL’s upcoming earnings, set for March 21.
