CALB (03931) gained over 3%, rising 3.31% to HK$35 by the time of writing, with a trading volume of HK$124 million. The company recently reported its financial results for the first three quarters of 2025, showing total operating revenue of RMB28.54 billion, up 49.92% year-on-year, and net profit attributable to shareholders of RMB685 million, surging 279.65% YoY.

Huaan Securities noted that CALB is expected to achieve net profits of RMB1.37 billion, RMB3.04 billion, and RMB4.79 billion in 2025, 2026, and 2027, respectively, driven by rising global energy storage demand and potential price increases for energy storage battery cells.

The firm highlighted China's energy storage market transitioning from mandatory allocation to value-driven growth, with projected new installations of 150-200GWh next year. Europe's energy storage profitability model is maturing, forecasted to grow at 50% annually over the next three years. Meanwhile, U.S. AI development is fueling significant new power demand, making solar-storage hybrid projects a key solution.

CALB ranked fourth globally in energy storage battery cell shipments in the first half of the year, securing major overseas projects in Latin America and South Africa. It has also entered the supplier lists of leading developers and grid operators, marking breakthroughs in its international power plant business. The company stands to benefit substantially from expanding global energy storage demand.