HK Stock Market Move | CALB(03931) rose more than 4%, net profit attributable to the mother in the first quarter increased by more than 60% year-on-year, and the company's overseas expansion is accelerating.

CALB (03931) rose more than 4%, as of the time of publication, it increased by 3.7%, reaching 35.88 Hong Kong dollars, with a trading volume of 113.749 million Hong Kong dollars. On the news front, recently, CALB announced that in the first quarter of 2026, its total operating income was 11.804 billion yuan, a year-on-year increase of 71.2%; the net profit attributable to the owners of the parent company was 373 million yuan, a year-on-year increase of 62.1%. CICC pointed out that CALB's overseas expansion is accelerating. In the field of power batteries, the company continues to break through customers such as Hyundai and Toyota. Orders are expected to be gradually released as new car models go into production in 2026-2027. In terms of energy storage batteries, the company has successively broken through energy storage orders in Eastern Europe, Northern Europe, and East Asia in 2025, with direct exports expected to achieve breakthroughs in 2026. The positive impact of overseas customers is expected to drive continuous improvement in the company's profit structure.