On May 26, CALB Group rose 3.04% in regular trading, trading at 30.54 HKD/share, with trading volume of 56.03 million HKD, extending its recent rebound momentum.
On the news front, Xiaomi Auto's new independent sub-brand \"Xuntian\" has confirmed CALB Group as a battery supplier for its first extended-range SUV model codenamed \"Kunlun.\" CALB responded that it has indeed entered Xiaomi's supply chain and will provide battery packs for the new vehicle, claiming it should hold first-tier supplier status. Reports initially indicated Sunwoda would supply 60% and CALB 40%, though CALB disputed the reported share allocation. Securing volume-oriented model orders from Xiaomi is expected to further consolidate CALB's market position and boost investor confidence.
Previously, despite strong Q1 results with revenue of 11.804 billion yuan (up 71.2% YoY) and net profit of 373 million yuan (up 62.1% YoY), the stock had been under sustained pressure due to current liabilities exceeding current assets by over 10 billion yuan and a net debt-to-equity ratio of 86.5%. The supply chain catalyst is now driving continued sentiment recovery.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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