Shares of CALB (03931) climbed nearly 3%, and as of the time of writing, were up 1.29% to HKD 28.36, with a turnover of HKD 29.2546 million. On the news front, a report from Jiemian News stated that on January 20, Portugal's Agency for Investment and Foreign Trade (AICEP) released a declaration announcing it would sign investment contracts that day with six companies, including CALB (03931), Lift One, Savannah Lithium, and Topsoe. These companies are expected to collectively invest a total of 3 billion euros in lithium projects in Portugal. Guosen Securities previously noted that CALB is accelerating its overseas deployment, having delivered energy storage batteries in regions such as Saudi Arabia and Europe, while actively expanding its base of local overseas clients. The brokerage estimates that the company's energy storage battery shipments could reach approximately 45 GWh in 2025, representing a year-on-year increase of over 75%. Concurrently, with the rapid advancement of overseas projects and the expansion of international clients, the profitability of the company's energy storage battery business is expected to continue improving.