CALB (03931) rose more than 5% in Hong Kong trading. At the time of writing, the stock was up 5.25% to HK$33.28, with a turnover of HK$350 million. The company reported its 2025 annual results, revealing that the group achieved revenue of RMB 44.4 billion, a year-on-year increase of 59.99%. Profit attributable to owners of the company reached RMB 1.476 billion, up 149.6% compared to the previous year. According to the announcement, the group's revenue during the reporting period came from sales of power batteries, energy storage system products, and other sources. The revenue growth was primarily driven by strong demand for the group's leading technology products across passenger vehicles, commercial vehicles, and energy storage applications. Analysts previously noted that robust industry demand is expected to drive profitability as the company scales up production of power and storage batteries. With the increasing adoption of new energy passenger vehicles and the construction boom driven by grid parity in solar and energy storage, CALB, as a leading company in the lithium battery industry, is well-positioned to benefit from expanding market share and its focus on value creation through lean manufacturing.