HK Stock Market Move | Contemporary Amperex Technology (03750) rises by over 6% again, with a cumulative increase of over 30% after the performance. Institutions believe that the company's shipment expectations are expected to be raised.

Contemporary Amperex Technology (03750) rose by over 6% again, with a cumulative increase of over 30% after the performance report, and the stock price also reached a new high. As of the time of writing, it rose by 6.12% to 658.5 Hong Kong dollars, with a trading volume of 1.3 billion Hong Kong dollars. On the news front, Contemporary Amperex Technology previously announced that in 2025, the company achieved operating income of 423.702 billion yuan, a year-on-year increase of 17.04%; net profit reached 72.201 billion yuan, a year-on-year increase of 42.28%. The company also disclosed a high dividend plan. In 2025, it plans to distribute cash dividends of approximately 36.1 billion yuan for the whole year, accounting for 50% of the year's net profit. Changjiang believes that the company's annual report is better than expected. Firstly, it further confirms the supply shortage situation and the expectation of shipment increase. In 2025, the company's production volume reached 748GWh, with a capacity utilization rate of 96.9%. By the end of 2025, there were still 321GWh under construction, and there are still new projects to come. The contract liabilities at the end of 2025 Q4 reached 49.233 billion yuan, an increase of 8.56 billion yuan compared to the previous quarter. Despite exceeding expectations in 2025 Q4, the company still has a high demand for goods, reflecting strong actual demand. Secondly, the company's confidence in stable profits and new technologies is stronger, including leading resource layout in this round, accelerated industrialization of sodium batteries, leading solid-state maintenance technology and industrialization, etc.