CALB Posts 60% Revenue Growth to RMB44.40 Billion in 2025, Profit Surges 148%; No Dividend, Auditor Switch on AGM Agenda

Bulletin Express05-18

CALB Group Co., Ltd. released its 2025 annual report ahead of the Annual General Meeting (AGM) scheduled for 9 June 2026 in Changzhou.

Financial highlights • Revenue rose 60.00% year-on-year (YoY) to RMB44.40 billion. • Profit attributable to shareholders climbed 148.40% YoY to RMB2.10 billion. • Parent-company net profit was RMB0.44 billion; retained earnings stood at RMB0.58 billion.

Dividend and profit distribution Management proposes no cash dividend, bonus issue or capitalisation, citing the group’s rapid expansion phase and capital needs.

Auditor arrangements for 2026 • Domestic auditor: RSM China CPA LLP proposed for re-appointment; estimated fee RMB0.42–0.48 million. • H-share auditor: switch from RSM Hong Kong to Rongcheng (Hong Kong) CPA Limited; estimated fee HK$3.80–4.20 million. RSM Hong Kong confirmed no matters needing shareholder attention regarding its retirement.

General mandate Directors seek a 12-month mandate to issue new shares—ordinary or convertible—of up to 20% of the existing issued share capital, excluding treasury shares.

Operational developments • EV battery installed capacity ranked fourth globally and third in China. • Energy-storage cell shipments ranked fourth worldwide. • New battery launches included the “UP super-charged” 5C/10C series and a 450 Wh/kg all-solid-state prototype. • Global production capacity now spans Eastern, Southern, Western, Northern and Central China, plus Europe and ASEAN.

Governance and oversight The Supervisory Committee reported no material deficiencies in internal controls and found no instances of director or senior-management misconduct during 2025.

Key AGM information • Date & time: 9 June 2026, 2:00 p.m. (PRC time) • Venue: Conference Room VIP1, CALB headquarters, Changzhou • Shareholders recorded on 9 June 2026 are entitled to vote; share transfer registration closes 4–9 June 2026.

Resolutions to be tabled include approval of the 2025 accounts, re-appointment of RSM China, appointment of Rongcheng HK, profit-distribution proposal, and the 20% share-issue mandate.

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