HK Stock Market Move | CALB(03931) rose nearly 3%, reportedly will participate in lithium project investment in Portugal, and the rapid expansion of the company's overseas client base.

CALB (03931) rose nearly 3%, as of the time of publication, rose 1.29% to HK$28.36, with a turnover of HK$292.546 million. On the news front, according to reports from Interface News, on January 20, the Portuguese Trade and Investment Promotion Agency announced that it would sign investment contracts with CALB (03931), Lift One, Savannah Lithium, and Topsoe among six companies on that day. These companies are expected to collectively invest 3 billion euros in the lithium project in Portugal. Guosen previously pointed out that CALB is accelerating its overseas layout, delivering energy storage batteries in regions such as Saudi Arabia and Europe, and actively expanding its overseas local customer base. The bank estimates that the company's energy storage battery shipments in 2025 are expected to reach around 45GWh, a year-on-year increase of over 75%. At the same time, with the rapid advance of overseas projects and the expansion of overseas customers, the company's energy storage battery profitability is expected to continue to improve.