HK Stock Market Move | Contemporary Amperex Technology (03750) fell over 3% after institutions indicated that the company's gross profit in the second quarter was below expectations, triggering a new round of market concerns.

Contemporary Amperex Technology (03750) has dropped over 3%, having previously risen more than 4% in the morning session. As of the time of publication, it has fallen by 2.7%, trading at HKD 643.5, with a transaction volume of HKD 993 million. In news, CICC released a research report indicating that Contemporary Amperex Technology's gross margin in the second quarter was below expectations, triggering a new wave of market concerns. Since the company has just begun mass production of sodium-ion batteries, it makes it difficult for investors to determine whether its profit margins will rebound in the second half of the year. CICC noted that the current forecasted price-to-earnings ratio for Contemporary Amperex Technology's A-shares is about 16 times, which is 0.5 standard deviations below the average. If it is further adjusted to 13 times, this would reach the lower limit of valuation and provide a good entry opportunity for investors. Previously, Contemporary Amperex Technology announced its performance for the first half of 2026, with operating income of approximately RMB 276.9166 billion, a year-on-year increase of 54.8%; net profit attributable to shareholders of the listed company was approximately RMB 43.284 billion, a year-on-year increase of 41.98%. According to data from the China Automotive Power Battery Industry Innovation Alliance, from January to June 2026, the company's share of passenger car installation volume in the domestic market reached 46.7%, an increase of 5.6 percentage points year-on-year. Among these, the company's share of ternary power battery installation volume in China reached 75.2%, an increase of 4.3 percentage points year-on-year.