HK Stock Market Move | Multiple positive news ignites energy storage concept stocks CALB (03931) up more than 8%, Contemporary Amperex Technology (03750) up more than 7%.

Concept stocks in energy storage are rising. As of the time of writing, CALB (03931) is up 8.36% at HKD 29.04; Contemporary Amperex Technology (03750) is up 7.09% at HKD 589; ZENERGY (03677) is up 5.31% at HKD 8.72; REPT BATTERO (00666) is up 3.86% at HKD 15.89; SHUANGDENG (06960) is up 8.89% at HKD 13.11. In terms of news, recently Contemporary Amperex Technology disclosed better-than-expected annual performance, with annual revenue reaching 423.7 billion yuan, a year-on-year increase of 17.04%; net profit reaching 72.2 billion yuan, a year-on-year increase of 42.28%. Among them, Contemporary Amperex Technology achieved a sales volume of 121GWh in energy storage batteries, a year-on-year increase of 29.13%. According to SNE Research, by 2025, Contemporary Amperex Technology's energy storage battery shipments have ranked first globally for five consecutive years. In terms of policy, the government work report this year once again emphasizes the "development of new energy storage" and includes "algorithm-electricity synergy" in the new infrastructure projects. Some analysts believe that under the new model of algorithm-electricity synergy, driving the coordinated development of energy storage, smart grid, data centers, green energy operations, and other related industries will create at least trillions in market growth. Guosen pointed out that global demand for energy storage is steadily increasing. With the introduction of domestic energy storage capacity and electricity price policies, market-driven demand is driving explosive growth in energy storage orders; electricity supply shortages caused by data centers in the United States are driving demand for large energy storage installations; instability of European power grids and rising natural gas prices are driving demand for energy storage; emerging market governments are introducing supportive policies, and demand for energy storage installations is expected to increase significantly.