HK Stock Market Move | Contemporary Amperex Technology (03750) rose over 3% as the company announced its interim dividend, with the actual cash dividend distributed in the A-share market amounting to approximately 6.18 billion yuan.

Contemporary Amperex Technology (03750) soared over 3%, and as of the time of writing, it has risen 2.64%, trading at HKD 641.5, with a transaction volume of HKD 1.017 billion. On the news front, on the evening of August 3, according to a statement on the official website of Contemporary Amperex Technology, the companys mid-2026 dividend distribution plan involves distributing a cash dividend of HKD 14.11 (tax included) for every 10 shares based on a total of 4.38 billion A-shares after deducting repurchased shares. The announcement indicates that the total actual cash dividend to be distributed from the A-shares amounts to approximately HKD 6.18 billion, with the equity registration date set for August 7, and the ex-dividend date as well as the cash dividend distribution date on August 10. Morgan Stanley believes that the newly announced A-share buyback plan by Contemporary Amperex Technology, which has a scale of up to RMB 40 billion (approximately USD 5.9 billion), is far more significant than the company's actual performance. The repurchased shares will be canceled, reflecting the management's strong confidence in the company's intrinsic value.