HK Stock Market Move | Contemporary Amperex Technology (03750) surges over 6% again, with Morgan Stanley pointing out that its performance exceeds expectations. Energy storage shipments may be boosted by AI demand.

Contemporary Amperex Technology (03750) continued to rise by over 6%, reaching a 5.82% increase at the time of drafting, with a price of 681.5 Hong Kong dollars and a trading volume of 9.11 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. Cash dividends of approximately 36.1 billion yuan were distributed in full-year 2025, accounting for 50% of the company's net profit for that year. Morgan Stanley released a research report stating that it has raised its assumptions for the energy storage shipments of Contemporary Amperex Technology to reflect the potential development opportunities brought about by the growth in demand for artificial intelligence data center inference under the backdrop of global power shortages. The bank also raised its target prices for the company's A-shares and H-shares. The bank stated that Contemporary Amperex Technology's 2025 performance exceeded its previous forecast by 7%, thus adjusting its 2026 profit forecast accordingly. Thanks to improved capital efficiency, Contemporary Amperex Technology's net cash position is better than previously expected by the bank.