Where is the bottom of CATL?

December 3, 2021 is a day worth remembering in the Ningde era: its stock price reached a maximum of 692 yuan per share, and its market value exceeded 1.6 trillion. But then there was a continuous correction in the stock price of CATL, which will continue after the market opens in 2022. On January 10, 2022, Ningde Times closed at 538.4 yuan, and its market value fell to 1.25 trillion yuan, an overall reduction of more than 20%. In the domestic securities market, Ningde Times is known as the "Ning King": this company, which was only established at the end of 2011, landed on the A-share GEM for the first time in 2018, with an issue price of only 25.14 yuan. If you refer to today's stock price of 538.4 yuan, whether you invest in CATL's institutions or its own management, you will make a lot of money. However, the drop of more than 20% in a short period of time inevitably makes investors full of worries about the performance of CATL this year.