China's CALB hits near 2-1/2-year high on robust earnings forecast

CALB

24/07/2025 03:34

** Shares of CALB Group 3931.HK jump 10.5% to HK$23.65, their highest since February 2023, and on course for a sixth consecutive session of gains

** The Chinese electric vehicle (EV) batteries and energy storage system products producer expects H1 net profit to jump 70% to 90% y/y to 709 mln-793 mln yuan ($99.12 mln-$110.86 mln)

** Growth driven by scale-up of leading-edge technology products across business sectors, including passenger vehicles, commercial applications, energy storage and marine - Co

** The Hang Seng Commerce & Industry Index .HSNC gains 0.6%, while the Hang Seng Index .HSI adds 0.5%

** YTD, stock up 72.6%

($1 = 7.1530 Chinese yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))