HK Stock Market Move | Contemporary Amperex Technology (03750) falls nearly 4%, with the market concerned that multiple factors may affect the sustainability of the company's performance growth.

Contemporary Amperex Technology (03750) fell nearly 4%, down 3.83% as of press time, at HK$466.6, with a turnover of HK$1.038 billion. On the news front, recently, the market is concerned that factors such as automakers' "supply diversification," the resumption of consumption tax collection, and the reduction of export tax rebates may affect the sustainability of Contemporary Amperex Technology's performance growth. In response, a Huatai research report stated that through a review of history and an analysis of the profit structure, it believes the above factors have all been overpriced; while faster growth in overseas electric vehicle and energy storage demand, as well as what the bank believes is the market's underestimation of demand for commercial vehicles and domestic energy storage next year, mean the sustainability and visibility of CATL's performance growth may be significantly underestimated.