CATALYST ACQUISITION CORPORATION ORD USD0.0001 CL A(S/R 28/07/2031)

Q3 revenue was RMB 165.22 bn (+58.6% YoY), with recognized shipments topping 260 GWh. Attributable net profit rose just 10% as the Sept. consumption tax, lower export tax rebates, and an adverse product mix compressed unit profitability.

In Q4, the company will absorb a full quarter of the consumption tax. It still expects demand to grow 20–30% next year and is stepping up battery swapping and overseas ESS.