# dividends

While Carmakers Fight Over Thin Margins, CATL Cashes In — Founder Zeng Takes Home CNY8.1bn as Battery Giant Posts Stellar Year

CATL posted CNY423.7bn in revenue and CNY72.2bn in net profit for 2025, driven by dominant battery volumes and global market share. The company paid CNY36.1bn in dividends, with founder Zeng Yuqun receiving about CNY8.1bn, highlighting a growing split between profitable upstream suppliers and low-margin automakers.