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CALB Co., Ltd. Class H (HK:3931)
:3931
Hong Kong Market

CALB Co., Ltd. Class H (3931) AI Stock Analysis

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HK:3931

CALB Co., Ltd. Class H

(3931)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
HK$31.00
▲(23.51% Upside)
CALB Co., Ltd. has a solid financial performance with strong revenue growth, but faces challenges with cash flow and leverage. Technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. These factors combined result in a moderate overall stock score.
Positive Factors
Revenue Growth
The company's robust revenue growth reflects its expanding market presence in the renewable energy sector, driven by increasing demand for EVs and energy storage solutions, positioning it well for sustained future growth.
Gross Profit Margin Improvement
Improving gross profit margins suggest enhanced cost efficiency and operational effectiveness, which can lead to stronger profitability and competitiveness in the long term.
Industry Position
CALB's focus on innovation and sustainability in lithium-ion battery production strengthens its competitive position in the growing renewable energy and EV markets, supporting long-term business resilience.
Negative Factors
Net Profitability Challenges
Despite revenue growth, struggles with net profitability and cash flow management may hinder long-term financial health, requiring strategic improvements in cost control and operational efficiency.
Rising Leverage
Increased leverage could pose financial risks in volatile markets, potentially impacting the company's ability to invest in growth opportunities without incurring additional financial strain.
Free Cash Flow Struggles
Negative free cash flow due to high capital expenditures limits the company's ability to fund future investments internally, potentially increasing reliance on external financing and affecting financial flexibility.

CALB Co., Ltd. Class H (3931) vs. iShares MSCI Hong Kong ETF (EWH)

CALB Co., Ltd. Class H Business Overview & Revenue Model

Company DescriptionCALB Group Co., Ltd., a new energy technology company, engages in the research and development, design, production, and sale of electric vehicle (EV) batteries and energy storage system (ESS) products in Mainland China, Europe, Asia, the United States, and internationally. It offers passenger vehicle packs for electric passenger vehicle; commercial vehicle packs for electric buses; and energy storage modules for energy storage systems, as well as logistics vehicle packs for electric logistics vehicle. The company was founded in 2015 and is headquartered in Changzhou, the People's Republic of China.
How the Company Makes MoneyCALB generates revenue primarily through the sale of its lithium battery products, which cater to the growing demand in the electric vehicle market and energy storage systems. Key revenue streams include direct sales to automotive manufacturers, partnerships with renewable energy companies, and contracts with industrial clients seeking efficient energy solutions. The company also benefits from government incentives and subsidies for clean energy initiatives, which bolster its sales. Strategic collaborations with major automotive and technology firms further enhance CALB's market presence and financial performance, driving consistent revenue growth.

CALB Co., Ltd. Class H Financial Statement Overview

Summary
CALB Co., Ltd. shows strong revenue growth and improving margins, but faces challenges with net profitability and cash flow management. The increase in leverage requires careful financial oversight.
Income Statement
78
Positive
CALB Co., Ltd. has shown significant revenue growth over the years, with a notable increase from 2022 to 2023. The gross profit margin has been improving, indicating better cost management. However, the net profit margin remains modest, suggesting room for enhancing operational efficiency and cost control. The consistent growth in EBIT and EBITDA margins is a positive sign of increasing profitability.
Balance Sheet
70
Positive
The company's debt-to-equity ratio has increased, indicating a rise in leverage, which could pose a risk in a volatile market. However, the return on equity is improving, showing better utilization of shareholder funds. The equity ratio is stable, reflecting a balanced capital structure. Maintaining this balance will be crucial for future stability.
Cash Flow
65
Positive
The company has struggled with free cash flow, showing negative figures in recent years, partly due to high capital expenditures. The operating cash flow to net income ratio is unavailable, which limits full cash flow analysis. Improving free cash flow is essential for sustaining future investments without relying heavily on external financing.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue31.70B27.75B27.01B20.37B6.82B2.83B
Gross Profit5.15B4.26B2.65B2.45B254.98M302.15M
EBITDA3.62B2.70B2.51B1.51B442.29M250.81M
Net Income808.17M591.20M294.38M691.63M140.03M5.16M
Balance Sheet
Total Assets130.54B122.47B105.43B90.46B38.62B18.30B
Cash, Cash Equivalents and Short-Term Investments11.25B10.89B7.98B11.11B9.29B4.30B
Total Debt52.53B46.22B29.25B17.82B2.92B1.11B
Total Liabilities81.73B74.42B59.04B48.89B13.63B5.69B
Stockholders Equity35.65B35.18B34.65B34.38B29.56B14.42B
Cash Flow
Free Cash Flow-10.74B-13.49B-17.23B-33.50B-11.13B-1.50B
Operating Cash Flow2.47B3.11B2.90B3.28B2.01B2.15B
Investing Cash Flow-15.04B-18.28B-19.93B-24.00B-15.01B-5.26B
Financing Cash Flow6.15B16.39B13.90B29.76B14.84B4.57B

CALB Co., Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Negative
Last Price25.10
Price Trends
50DMA
29.66
Negative
100DMA
27.92
Negative
200DMA
22.79
Positive
Market Momentum
MACD
-1.17
Positive
RSI
36.52
Neutral
STOCH
22.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3931, the sentiment is Negative. The current price of 25.1 is below the 20-day moving average (MA) of 27.07, below the 50-day MA of 29.66, and above the 200-day MA of 22.79, indicating a neutral trend. The MACD of -1.17 indicates Positive momentum. The RSI at 36.52 is Neutral, neither overbought nor oversold. The STOCH value of 22.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3931.

CALB Co., Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
HK$2.47B5.319.11%6.40%13.14%-28.26%
69
Neutral
HK$17.02B19.4415.02%2.24%20.33%27.05%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
61
Neutral
HK$44.48B51.032.28%16.36%102.93%
52
Neutral
HK$1.03B24.1914.19%11.61%287.50%
51
Neutral
HK$455.61M-2.23-18.92%-28.40%-350.00%
40
Underperform
HK$271.55M-5.52-8.16%-0.84%42.31%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3931
CALB Co., Ltd. Class H
25.10
11.96
91.02%
HK:2188
China Titans Energy Technology Group Co., Ltd.
0.18
-0.12
-40.00%
HK:1539
Unity Group Holdings International Limited
0.30
-0.08
-21.05%
HK:3393
Wasion Holdings Limited
17.28
10.34
148.99%
HK:8328
Xinyi Electric Storage Holdings Limited
0.58
-0.42
-42.00%
HK:0842
Leoch International Technology Limited
1.72
0.24
16.22%

CALB Co., Ltd. Class H Corporate Events

CALB Group Announces 2025 Extraordinary General Meeting
Dec 3, 2025

CALB Group Co., Ltd. has announced the convening of its 2025 third extraordinary general meeting to be held on December 24, 2025. The meeting will address several key resolutions, including revisions to the annual cap for the 2025 Entrusted Processing Framework Agreement and the approval of the 2026 Sales and Entrusted Processing Framework Agreements. These resolutions are significant as they involve authorizing the Board to make necessary adjustments and amendments in line with domestic and foreign legal and regulatory requirements, potentially impacting the company’s strategic operations and stakeholder interests.

CALB Group Completes Strategic Acquisition of Jiangsu Olive Sensors
Nov 21, 2025

CALB Group Co., Ltd. has successfully completed the acquisition of a 10.94% equity interest in Jiangsu Olive Sensors High-tech Corporation Limited, a company listed on the ChiNext Board of the Shenzhen Stock Exchange. This acquisition allows CALB to have substantial influence over the target company’s board of directors, as they now hold the majority of directorships. The financial results of Jiangsu Olive Sensors will be consolidated into CALB’s financial statements, enhancing their market position in the high-tech industry.

CALB Group Revises 2025 Agreements and Plans New 2026 Frameworks
Nov 12, 2025

CALB Group Co., Ltd. has announced revisions to its 2025 Sales Framework Agreement and 2025 Entrusted Processing Framework Agreement with Luoyang Company due to anticipated demand exceeding current annual caps. The company plans to enter into new agreements for 2026, which will involve selling lithium batteries and related products and entrusting processing services to Luoyang Group. These agreements are subject to shareholder approval and are considered continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and review. The company’s strategic adjustments aim to support its business development needs and maintain its market position.

CALB Group Announces Change in Corporate Secretarial Team
Nov 12, 2025

CALB Group Co., Ltd. has announced a change in its corporate secretarial team. Cheung Kai Cheong Willie will step down from his roles as joint company secretary, process agent, and authorized representative, effective November 12, 2025. He will be succeeded by Wan Wing Yi Carol, who brings over 11 years of experience in the corporate secretarial industry. This transition is expected to maintain the company’s compliance and governance standards, with Wan collaborating closely with existing joint company secretary, Dai Ying.

CALB Group Registers RMB5 Billion Medium-Term Notes
Oct 31, 2025

CALB Group Co., Ltd. announced the acceptance of its registration for medium-term notes by the National Association of Financial Market Institutional Investors, allowing the issuance of up to RMB5 billion over two years. The company has already issued two tranches of these notes, and its unaudited financial statements for the nine months ending September 30, 2025, have been published, highlighting its ongoing financial activities and compliance with PRC regulations.

CALB Group Co., Ltd. Forms Strategy and Sustainable Development Committee
Oct 10, 2025

CALB Group Co., Ltd. has established a Strategy and Sustainable Development Committee to enhance its strategic planning and ESG management. This committee will focus on developing the company’s long-term strategies, assessing significant events impacting development, and ensuring compliance with ESG standards. The initiative reflects CALB’s commitment to sustainable growth and stakeholder engagement, potentially strengthening its market position and operational resilience.

CALB Co., Ltd. Establishes Strategy and Sustainable Development Committee
Oct 10, 2025

CALB Co., Ltd. held its 2025 second extraordinary general meeting on October 10, 2025, where shareholders approved the establishment of a Strategy and Sustainable Development Committee. This move is part of CALB’s strategic efforts to enhance its governance and focus on sustainable growth, reflecting its commitment to adapting to evolving market demands and strengthening its industry position.

CALB Group Announces Board Composition and Roles
Oct 10, 2025

CALB Group Co., Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement underscores the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.

CALB Group Co., Ltd. Forms Audit Committee to Strengthen Governance
Oct 10, 2025

CALB Group Co., Ltd. has established an Audit Committee as part of its board of directors to oversee financial management and auditing processes. The committee is composed of non-executive directors, with a majority being independent, to ensure unbiased oversight. This move is aimed at enhancing the company’s governance and accountability, potentially impacting its operational transparency and investor confidence.

CALB Group Co., Ltd. Establishes Nomination Committee to Enhance Board Diversity and Governance
Oct 10, 2025

CALB Group Co., Ltd. has established a Nomination Committee within its Board of Directors to enhance governance and ensure diversity. The committee is tasked with formulating policies on board diversity, reviewing the board’s structure, and developing criteria for director nominations, which is expected to strengthen the company’s strategic alignment and operational effectiveness.

CALB Co., Ltd. Revises Annual Caps for Engineering and Construction Agreement
Sep 26, 2025

CALB Co., Ltd. has announced a revision of the annual caps for the 2024 to 2026 Engineering and Construction Framework Agreement with Jiangsu Chengdong Construction. This revision, formalized through Supplemental Agreement II, adjusts the financial limits for the years ending December 31, 2025, and 2026, while maintaining the other principal terms of the agreement. The transactions are classified as continuing connected transactions under the Listing Rules, subject to specific reporting and review requirements, but exempt from circular and independent shareholders’ approval.

CALB Group Announces 2025 Extraordinary General Meeting
Sep 17, 2025

CALB Group Co., Ltd., a company incorporated in the People’s Republic of China, has announced the scheduling of its 2025 second extraordinary general meeting (EGM) to be held on October 10, 2025. The primary agenda of this meeting is to consider and approve the election of Ms. Xiao Wen as an independent non-executive director of the company’s board. This decision is part of the company’s governance and strategic planning efforts, potentially impacting its leadership dynamics and stakeholder confidence.

CALB Group Announces Director Resignation and Proposed Appointment
Sep 16, 2025

CALB Group Co., Ltd., a company incorporated in the People’s Republic of China, announced the resignation of Mr. Wu Guangquan as an independent non-executive director due to personal work adjustments. Mr. Wu will continue his duties until a new director is elected at an extraordinary general meeting. The company has proposed Ms. Xiao Wen as a candidate for the independent non-executive director position, pending shareholder approval. Ms. Xiao has been confirmed to meet all independence criteria and has no financial interests or relationships with the company.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 21, 2025