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CALB Co., Ltd. Class H (3931) AI Stock Analysis
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CALB Co., Ltd. Class H
(HKEX:3931)
The score is held back mainly by weak cash-flow quality (persistently negative free cash flow) and rising leverage, which increase funding and execution risk despite improving operating cash flow and solid revenue growth. Technicals further weigh on the outlook, with the stock in a clear downtrend and negative momentum. Valuation is a partial offset, supported by a low P/E.
CALB Co., Ltd. Class H (3931) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 23.27B
- Dividend Yield
- ―
- Average Volume (3M)
- 4.63M
- Price to Earnings (P/E)
- 10.1
- Beta (1Y)
- 1.05
- Revenue Growth
- 79.77%
- EPS Growth
- 149.08%
- Country
- Hong Kong
- Employees
- 14,323
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
CALB Co., Ltd. Class H Business Overview & Revenue Model
Company Description
CALB Group Co., Ltd., a new energy technology company, engages in the design, research, development, production, and sale of electric vehicle (EV) batteries and energy storage system (ESS) products in Mainland China, Europe, Asia, the United States,...
CALB Co., Ltd. Class H Financial Statement Overview
Summary
Income statement strength (score 72) shows solid TTM revenue growth (~11%) and positive profitability, but margins are thin (TTM net margin ~3.3%) and EBITDA margin has softened. Balance sheet risk (score 54) is elevated with leverage rising to ~1.70 debt-to-equity TTM and modest ROE (~4.5%). Cash flow is the biggest drag (score 39): operating cash flow improved, but free cash flow remains persistently negative (TTM ~-4.6B), implying continued funding pressure.
Income Statement
72PositiveBalance Sheet
54NeutralCash Flow
39Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.07B | 44.40B | 27.75B | 27.01B | 20.37B | 6.82B |
| Gross Profit | 8.40B | 6.89B | 4.26B | 2.65B | 1.84B | 510.95M |
| EBITDA | 15.03B | 7.46B | 3.52B | 2.51B | 1.57B | 469.76M |
| Net Income | 1.94B | 1.48B | 591.20M | 294.38M | 691.63M | 140.03M |
Balance Sheet | ||||||
| Total Assets | 169.05B | 148.62B | 122.47B | 105.43B | 90.46B | 38.62B |
| Cash, Cash Equivalents and Short-Term Investments | 12.48B | 14.66B | 10.89B | 7.98B | 11.11B | 9.29B |
| Total Debt | 68.83B | 58.30B | 46.22B | 29.25B | 17.82B | 2.92B |
| Total Liabilities | 110.97B | 95.14B | 74.42B | 59.04B | 48.89B | 13.63B |
| Stockholders Equity | 37.56B | 36.75B | 35.18B | 34.65B | 34.38B | 24.16B |
Cash Flow | ||||||
| Free Cash Flow | -4.10B | -6.64B | -13.49B | -17.23B | -33.50B | -11.13B |
| Operating Cash Flow | 10.66B | 7.38B | 3.11B | 2.90B | 2.11B | 1.59B |
| Investing Cash Flow | -16.04B | -17.92B | -18.28B | -19.93B | -24.00B | -15.01B |
| Financing Cash Flow | 10.44B | 10.24B | 16.39B | 13.90B | 29.76B | 14.84B |
CALB Co., Ltd. Class H Technical Analysis
Price Trends
Market Momentum
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 13.13 is below the 20-day moving average (MA) of 14.69, below the 50-day MA of 16.60, and below the 200-day MA of 24.41, indicating a bearish trend. The MACD of -1.09 indicates Positive momentum. The RSI at 31.39 is Neutral, neither overbought nor oversold. The STOCH value of 19.03 is Positive, 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
HK:339372Outperform
HK:375061Neutral- HK:393151Neutral
HK:084245Neutral
HK:832840Underperform
HK:218839Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3393 | 72Outperform | HKD 11.10B | 8.50 | 16.80% | 4.48% | 22.27% | 33.79% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:3750 | 61Neutral | HKD 1.29T | 12.12 | 24.02% | 3.13% | 58.67% | 40.21% |
| HK:3931 | 51Neutral | HKD 25.99B | 10.13 | 5.27% | ― | 79.77% | 149.08% |
| HK:0842 | 45Neutral | HKD 995.99M | -6.95 | -2.78% | 2.59% | -44.15% | -130.35% |
| HK:8328 | 40Underperform | HKD 298.50M | -2.89 | -11.50% | ― | -7.44% | 56.28% |
| HK:2188 | 39Underperform | HKD 96.98M | -2.37 | -6.77% | ― | 11.05% | 20.00% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:3931 | CALB Co., Ltd. Class H | 13.13 | -19.13 | -59.30% | |
| HK:2188 | China Titans Energy Technology Group Co., Ltd. | 0.07 | -0.17 | -72.92% | |
| HK:3393 | Wasion Holdings Limited | 10.72 | -2.19 | -16.97% | |
| HK:8328 | Xinyi Electric Storage Holdings Limited | 0.38 | -0.29 | -43.28% | |
| HK:0842 | Leoch International Technology Limited | 0.69 | 0.00 | 0.43% | |
| HK:3750 | Contemporary Amperex Technology Co., Limited Class H | 338.80 | -207.94 | -38.03% |
CALB Co., Ltd. Class H Corporate Events
CALB Seeks RMB10 Billion Unified Debt Quota in China Inter-Bank Market
CALB Group Co., Ltd. has approved a plan to apply for unified registration and issuance of primary debt financing instruments of up to RMB10 billion through the National Association of Financial Market Institutional Investors. The proposed quota-base...
CALB Wins Hong Kong Nod for Full Circulation of Key H Shares
CALB Group Co., Ltd. has obtained approval from the Hong Kong Stock Exchange for full circulation of a tranche of its domestic shares as H shares, marking a further integration of its mainland-held equity into the city’s capital markets. The co...
CALB lifts Wuhan subsidiary stake to 67.8% in RMB692m connected deal
CALB Group Co., Ltd., a Hong Kong-listed PRC battery maker, is expanding control over its Wuhan subsidiary, a core production base for power batteries and related technologies serving China’s electric vehicle and energy storage markets. The gro...
CALB Advances H Share Full Circulation Plan With CSRC Filing Completion
CALB Group Co., Ltd. has received a filing notice from the China Securities Regulatory Commission confirming completion of its filing for H Share Full Circulation of 207,102,914 domestic shares. The company will now seek approval from the Hong Kong S...
CALB Profit More Than Doubles on 65% Revenue Surge in First Half of 2026
CALB Group Co., Ltd. reported a sharp acceleration in growth for the six months to 30 June 2026, with revenue jumping 65.0% year-on-year to RMB27.08 billion and profit for the period more than doubling to RMB1.52 billion. Basic earnings per share ros...
CALB Group Proposes Interim Cash Dividend for First Half of 2026
CALB Group Co., Ltd. has proposed an interim ordinary cash dividend of RMB 0.6 per 10 shares for the six months ended 30 June 2026, tied to its financial year ending 31 December 2026. Key timetable details, including the ex-dividend date, record date...
CALB schedules August board meeting to review interim results and potential dividend
CALB Group Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026, along with the related disclosure for shareholders. The board will also consider whether to recomme...
CALB Issues Profit Alert as Battery Business Doubles Interim Earnings
CALB Group Co., Ltd. has issued a positive profit alert indicating that net profit for the six months ended 30 June 2026 is expected to range between RMB1,506 million and RMB1,581 million, roughly double the RMB753 million recorded a year earlier. Ma...
CALB lifts stake in Hefei subsidiary with RMB690m connected deal
CALB Group Co., Ltd. has moved to increase its stake in a Hefei-based subsidiary by acquiring a 12.7230% equity interest from Hefei Beicheng Industrial Investment Guidance Fund. The RMB690 million cash deal, completed via a public tender at the Hefei...
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: Oct 21, 2026