HK Stock Market Move | CALB (03931) opens high over 8%, expected to increase net profit by 70% to 90% year-on-year in the first half of the year, opening up growth space for internationalization.

CALB(03931) rose more than 8% after the earnings report, closing at a 8.64% increase at HKD 23.25, with a trading volume of 2.6993 million Hong Kong dollars. On the news front, on July 23, CALB announced that it expects to achieve a net profit of approximately RMB 709 million to RMB 793 million for the half-year ending June 30, 2025 (reporting period), an increase of about 70% to 90% compared to the same period last year. The Group's net profit was approximately RMB 417 million in the same period last year. The Group's profit during the reporting period increased significantly year-on-year, mainly due to the continuous scaling up of leading technical products in the fields of passenger cars, commercial vehicles, energy storage, and ships. CICC released a research report pointing out that the company has already achieved a diversified energy storage product matrix in the energy storage field, with its large battery technology for energy storage production leading the industry. The company has established partnerships with the "Five Major Six Small" power groups and major integrators such as Sunlight and CRRC. In terms of fundamentals, with the rapid growth in shipments leading to the release of scale effects, coupled with stable battery prices and an optimized customer structure, the company's profits are showing an accelerating trend. At the same time, the company is speeding up its capacity layout in Europe and Southeast Asia, and expanding its overseas markets.