Zeng Yuqun's holding company donated Ningde Times stock worth 2 billion yuan to Shanghai Jiao Tong University

IT Home news on April 1: On March 31, Contemporary Amperex Technology Co., Limited (CATL) released an announcement regarding its controlling shareholder’s free donation of part of the company’s shares. The company’s controlling shareholder, Xiamen Ruiting Investment Co., Ltd. (abbreviated as “Xiamen Ruiting”), holds 1,024,704,949 A-share shares of the company, accounting for 22.45% of the company’s total share capital.

Xiamen Ruiting plans to freely donate the 5 million shares of A-share unrestricted tradable stock it holds in CATL to the Shanghai Jiao Tong University Education Development Foundation (abbreviated as “the Foundation”), accounting for 0.11% of the company’s total share capital.

Based on the share price as of March 31, this donation corresponds to CATL’s market value of more than 2 billion yuan, again setting a new record for donations to Shanghai Jiao Tong University.

IT Home learned that Xiamen Ruiting was established in 2012. The 1989 undergraduate alumni of Shanghai Jiao Tong University majoring in ship engineering, and CATL’s chairman, Zeng Yuqun, is the actual controller of the company. Zeng holds a 55% stake and is also the company’s legal representative.

According to the 2025 annual report released by CATL on the evening of March 9, the company saw double growth in both revenue and net profit: in 2025, it achieved operating revenue of 423.702 billion yuan, up 17.04% year over year; and net profit attributable to shareholders of listed companies reached 72.201 billion yuan, with a year-over-year increase as high as 42.28%.

CATL also disclosed a high-dividend payout plan. Under this plan, Zeng Yuqun, based on its indirectly held 22.45% equity, will receive approximately 8.1 billion yuan in dividend income for 2025. The amount has already exceeded the annual net profit of most A-share listed passenger vehicle original equipment manufacturers (OEMs).

This is not the first time Zeng Yuqun has made a major donation to his alma mater. On the occasion of the 125th anniversary of the founding of Shanghai Jiao Tong University, that is, on the evening of December 3, 2021, CATL announced that, to support the development of education, its controlling shareholder, Ningbo Meishan Free Trade Port Zone Ruiting Investment Co., Ltd., planned to freely donate 2 million shares of the company it holds to the Shanghai Jiao Tong University Education Development Foundation, accounting for 0.09% of CATL’s total share capital. Based on the share price at that time, this donation corresponded to a market value of about 1.4 billion yuan.