HK Stock Market Move | CALB (03931) opened more than 4% higher after the profit joy, with the expected annual net profit to increase by approximately 160% year-on-year. The energy storage sector and other areas continue to experience high growth.
China Innovation Airlines (03931) opened more than 4% higher after making a profit announcement, rising by 4.62% as of the time of writing to 27.16 Hong Kong dollars, with a trading volume of 1.33 million Hong Kong dollars.
CALB (03931) opened more than 4% higher after profits, rising 4.62% to HK $27.16 at the time of writing, with a turnover of HK $13.308 million.
On the news front, on February 27, CALB announced that the group expects to achieve a net profit of approximately RMB 2.025 billion to RMB 2.193 billion for the year ending December 31, 2025, an increase of about 140% to 160% from the same period last year. In the same period last year, the group's net profit was approximately RMB 8.44 billion.
The board believes that the significant year-on-year increase in profit during the reporting period is mainly due to the continuous high growth of leading technology products in the passenger, commercial, and energy storage sectors.
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