HK Stock Market Move | Contemporary Amperex Technology (03750) rose more than 5%, with stock prices hitting a record high. The company has revised its order guidance upwards, and there are multiple catalysts on the policy side.

Contemporary Amperex Technology (03750) rose more than 5%, reaching a high of 476.8 Hong Kong dollars, setting a new record. As of the time of writing, it has risen by 6.52%, trading at 461.00 Hong Kong dollars, with a turnover of 25.08 billion Hong Kong dollars. On the news front, according to the Shanghai Securities News, Contemporary Amperex Technology has raised its order guidance for 2026 to 1100GWh, a year-on-year increase of 46%. As is customary, the order guidance is slightly higher than production, production is slightly higher than invoicing, therefore it is expected that production in 2026 will be 900-1000GW, with invoicing around 800-900GW. The growth is mainly driven by overseas demand for power batteries and energy storage batteries. In order to meet market demand, Contemporary Amperex Technology expects to expand production capacity by over 300GW in the next two years. It is worth noting that the new energy industry policy has recently received multiple positive catalysts. On September 15, the China Association of Automobile Manufacturers issued the "Initiative for Standardizing Account Payment for Vehicle Enterprises and Suppliers", proposing initiatives around order confirmation, delivery and acceptance, payment and settlement, contract terms and other aspects; on September 14, Fujian released the "Action Plan for Accelerating the Comprehensive Green Transformation of Fujian's Economic and Social Development", bringing significant benefits to non-fossil energy, new energy storage, and other areas; on September 12, the Ministry of Industry and Information Technology and eight other departments jointly issued the "Work Plan for Stabilizing Growth in the Automotive Industry (2025-2026)", proposing to strive to achieve a total annual sales of around 32.3 million vehicles in 2025, including around 15.5 million units of new energy vehicles.