Contemporary Amperex Technology has achieved net income of over 10 billion for five consecutive quarters, but revenue in the first two quarters of this year was down year-on-year. On the evening of July 26th, Contemporary Amperex Technology released its half-yearly performance. Its revenue in the first half of this year was 166.7 billion yuan, down 11.88% year-on-year; net income was 22.8 billion yuan, up 10.37% year-on-year. The net profit in the second quarter of this year was 12.3 billion yuan, continuing the trend of net profit exceeding 10 billion yuan in the previous four quarters. The highest net profit in a single quarter for Contemporary Amperex Technology was in Q4 2022, with a net profit of over 13.1 billion yuan. From 2021 to 2022, the company's quarterly revenue has maintained a triple-digit year-on-year growth rate, but the growth rate has gradually declined since 2023. Contemporary Amperex Technology did not disclose the specific reasons for the decline in revenue in the first two quarters of this year in its financial report. Despite the decline in revenue scale, due to the continued increase in gross margin, Contemporary Amperex Technology can still maintain net profit of over 10 billion yuan in a single quarter. Its gross margin in Q2 of this year was 26.64%, setting a new high for the past 11 quarters.