CALB Shares Rise Nearly 3% in Session, Company's Energy Storage Battery Profitability Expected to Improve

Deep News01-21

CALB (03931) saw its shares rise nearly 3% during the trading session. At the time of writing, the stock was up 1.29%, trading at HK$28.36, with a turnover of HK$29.2546 million.

Guosen Securities previously noted that CALB is accelerating its overseas expansion, having delivered energy storage batteries in regions such as Saudi Arabia and Europe, while actively developing local overseas customers. The brokerage estimates that the company's energy storage battery shipments are expected to reach approximately 45GWh in 2025, representing a year-on-year increase of over 75%. Concurrently, with the rapid advancement of overseas projects and the expansion of international clientele, the profitability of the company's energy storage battery business is anticipated to continue improving.

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