Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$20.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 4.1% over the past three years. Announcement • Jul 03
CALB Showcases Next-Generation ZHIJIU Energy Storage Solutions At Intersolar Europe 2026 CALB showcased its next-generation ZHIJIU Energy Storage Solutions at Intersolar Europe 2026, highlighting a comprehensive portfolio of advanced battery cells, liquid-cooling storage systems, and integrated full-lifecycle services engineered to advance Europe's accelerating energy transition. Built on CALB's long-cycle battery technology and standardized system platform, the solutions address a wide range of applications, from utility-scale energy storage plants to commercial and industrial (C&I) projects. Through one-stop delivery of cells, systems and after-sales services, CALB helps customers reduce the Levelized Cost of Storage (LCOS) while improving safety, efficiency, and long-term project returns. For utility-scale projects, CALB presented its latest large-capacity battery technologies, including the 661Ah long-life stacked cell and 588Ah long-cycle cell. The 661Ah cell combines CALB's third-generation stacking technology with advanced lithium replenishment technology, delivering up to 15,000 cycles, zero degradation during the first three years of operation, and a calendar lifespan of up to 25 years. The company also unveiled its second-generation 6.25MWh liquid-cooling energy storage container, which increases energy capacity by approximately 25% while reducing system components by around 40% compared with the previous generation. In addition, CALB showcased its 6.9MWh 20ft and 10MWh+ modular liquid-cooling systems, designed to maximize energy density, simplify transportation and installation, and accelerate project deployment. For commercial and industrial applications, CALB rolled out its 261kWh and 418kWh liquid-cooling cabinets. Equipped with advanced ventilation, explosion venting, and active fire protection systems, the products offer flexible deployment options, comprehensive international certifications, and outstanding lifecycle economics through the combination of long-life battery cells and full-range liquid cooling technology. In addition to system solutions, CALB's portfolio of long-cycle battery cells, including its globally mass-produced 314Ah Gen 2.0 cell, provides a strong foundation for emerging energy storage applications. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$26.14, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Auto Components industry in Hong Kong. Total returns to shareholders of 56% over the past three years. Announcement • May 19
CALB Group Co., Ltd., Annual General Meeting, Jun 09, 2026 CALB Group Co., Ltd., Annual General Meeting, Jun 09, 2026, at 14:00 China Standard Time. Location: conference room vip1, calb group co., ltd., no. 1, jiangdong avenue, jintan district, changzhou China Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: CN¥11.8b (up 71% from 1Q 2025). Net income: CN¥373.0m (up 62% from 1Q 2025). Profit margin: 3.2% (down from 3.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto Components industry in Hong Kong. Buy Or Sell Opportunity • Apr 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to HK$34.40. The fair value is estimated to be HK$28.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Major Estimate Revision • Apr 07
Consensus revenue estimates increase by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥57.7b to CN¥64.5b. EPS estimate unchanged from CN¥1.42 at last update. Auto Components industry in Hong Kong expected to see average net income growth of 17% next year. Consensus price target of HK$33.88 unchanged from last update. Share price rose 4.2% to HK$33.00 over the past week. Major Estimate Revision • Apr 03
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥57.7b to CN¥64.5b. EPS estimate increased from CN¥1.38 to CN¥1.42 per share. Net income forecast to grow 71% next year vs 27% growth forecast for Auto Components industry in Hong Kong. Consensus price target up from HK$32.70 to HK$33.88. Share price rose 4.4% to HK$33.00 over the past week. Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.83 (up from CN¥0.33 in FY 2024). Revenue: CN¥44.4b (up 60% from FY 2024). Net income: CN¥1.48b (up 150% from FY 2024). Profit margin: 3.3% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Announcement • Mar 17
CALB Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 CALB Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$28.94, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Auto Components industry in Hong Kong. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$29.22, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 61% over the past three years. Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CN¥12.1b (up 59% from 3Q 2024). Net income: CN¥218.6m (up 28% from 3Q 2024). Profit margin: 1.8% (down from 2.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto Components industry in Hong Kong. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$34.38, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Auto Components industry in Hong Kong. Total returns to shareholders of 67% over the past three years. Reported Earnings • Sep 30
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.045 in 2Q 2024). Revenue: CN¥9.52b (up 25% from 2Q 2024). Net income: CN¥235.8m (up 195% from 2Q 2024). Profit margin: 2.5% (up from 1.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto Components industry in Hong Kong. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$30.94, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 12x in the Auto Components industry in Hong Kong. Total returns to shareholders of 132% over the past year. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$24.72, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 98% over the past year. Announcement • Aug 15
CALB Group Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 CALB Group Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$21.10, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 55% over the past year. Announcement • Jun 06
CALB Group Co., Ltd., Annual General Meeting, Jun 27, 2025 CALB Group Co., Ltd., Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: conference room vip1, calb group co., ltd., no. 1, jiangdong avenue, jintan district, changzhou China Reported Earnings • May 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.33 (up from CN¥0.17 in FY 2023). Revenue: CN¥27.8b (up 2.8% from FY 2023). Net income: CN¥591.2m (up 101% from FY 2023). Profit margin: 2.1% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto Components industry in Hong Kong. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to HK$14.36, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 11% over the past year. Major Estimate Revision • Apr 02
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.734 to CN¥0.879. Revenue forecast steady at CN¥40.8b. Net income forecast to grow 164% next year vs 33% growth forecast for Auto Components industry in Hong Kong. Consensus price target up from HK$17.65 to HK$18.87. Share price fell 5.2% to HK$18.54 over the past week. Reported Earnings • Mar 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.33 (up from CN¥0.17 in FY 2023). Revenue: CN¥27.8b (up 2.8% from FY 2023). Net income: CN¥591.2m (up 101% from FY 2023). Profit margin: 2.1% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong. Announcement • Mar 14
CALB Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 CALB Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.405 to CN¥0.359 per share. Revenue forecast steady at CN¥31.1b. Net income forecast to grow 144% next year vs 3.1% growth forecast for Auto Components industry in Hong Kong. Consensus price target up from HK$16.96 to HK$17.67. Share price was steady at HK$17.62 over the past week. Announcement • Feb 25
Calb Group Co., Ltd. Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2024 CALB Group Co., Ltd. provided unaudited consolidated earnings guidance for the year ended 31 December 2024. For the year, the company expects to record a net profit ranging from approximately RMB786 million to RMB874 million for the Reporting Period, representing an increase ranging from approximately 80% to 100% as compared to the net profit of
RMB437 million for the same period last year. The Board believes that such expected growth is primarily attributable to the following factors: Firstly, the Group broadened its operations and achieved sustained business growth, which significantly improved its economies of scale; secondly, the Group, leveraging its advanced technology and robust product capabilities, continually improved its product performance and consistently lowered costs, therefore resulting in a year-on-year increase in profits during the Reporting Period. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$16.82, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 40% over the past year. Announcement • Jan 03
Contemporary Amperex Technology Co., Limited Files Infringement Claims on the Intellectual Property Rights Against CALB Group Co., Ltd. and Hangzhou Pengxing Automobile Sales Service Co., Ltd CALB Group Co., Ltd. announced that the company has recently received a civil indictment (Case No.: (2024) Zhe 01 Zhi Min Chu No.138) and relevant litigation materials served by the Intermediate People's Court of Hangzhou City, Zhejiang Province (the Hangzhou Intermediate Court). According to the indictment, the plaintiff Contemporary Amperex Technology Co., Limited filed infringement claims on the intellectual property rights invention patent on top cover component of secondary battery and secondary battery (the Patent Involved in the Litigation) against the company and Hangzhou Pengxing Automobile Sales Service Co., Ltd. The litigation claims mainly comprise of: requiring the Company to immediately cease all acts of infringement on the plaintiff's rights of the Patent Involved in the Litigation, including ceasing manufacturing, selling and offering to sell the products that infringe the plaintiff 's rights of the Patent Involved in the Litigation; requiring the Company to compensate the plaintiff for economic losses and a reasonable licensing fee for the period from the date of publishing an application of the Patent Involved in the Litigation to the date of grant of the patent rights in a total amount of RMB 90 million; requiring the company to compensate the plaintiff with a reasonable cost incurred for stopping the infringement of RMB 1 million. Announcement • Jan 02
CALB Group Co., Ltd. Approves Board and Committee Elections CALB Group Co., Ltd. at the EGM held on December 31, 2024, approved to elect Ms. Hu Jing as a non-executive Director of the second session of the Board; To elect Mr. Li Jiancun as a non-executive Director of the second session of the Board; and to elect Ms. Xie Jieping as a non-executive Director of the second session of the Board. To elect Mr. Li Hui as a non-employee representative Supervisor to the second session of the Supervisory Committee. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$12.62, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 36% over the past year. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥32.8b to CN¥31.9b. EPS estimate also fell from CN¥0.598 per share to CN¥0.448 per share. Net income forecast to grow 142% next year vs 22% growth forecast for Auto Components industry in Hong Kong. Consensus price target broadly unchanged at HK$16.58. Share price was steady at HK$12.48 over the past week. Reported Earnings • Aug 31
First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.083 in 1H 2023) First half 2024 results: EPS: CN¥0.14 (up from CN¥0.083 in 1H 2023). Revenue: CN¥12.5b (up 1.4% from 1H 2023). Net income: CN¥249.0m (up 70% from 1H 2023). Profit margin: 2.0% (up from 1.2% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in Hong Kong. Announcement • Aug 26
CALB Group Co., Ltd. Announces Resignation of Li Yunxiang as Non-Executive Director The board of directors of CALB Group Co., Ltd. received a letter of resignation from Mr. Li Yunxiang (Mr. Li), a non-executive Director. Mr. Li tendered his resignation as the non-executive Director of the Company due to work adjustment. Upon the resignation of Mr. Li taking effect, Mr. Li will no longer hold any position in the company. Announcement • Aug 20
CALB Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 CALB Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Major Estimate Revision • May 15
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.609 to CN¥0.543 per share. Revenue forecast steady at CN¥33.6b. Net income forecast to grow 141% next year vs 20% growth forecast for Auto Components industry in Hong Kong. Consensus price target down from HK$19.42 to HK$18.71. Share price rose 6.3% to HK$14.76 over the past week. Reported Earnings • May 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.17 (down from CN¥0.44 in FY 2022). Revenue: CN¥27.0b (up 33% from FY 2022). Net income: CN¥294.4m (down 57% from FY 2022). Profit margin: 1.1% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong. Major Estimate Revision • Apr 02
Consensus revenue estimates fall by 31% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥48.6b to CN¥33.4b. EPS estimate fell from CN¥0.914 to CN¥0.563 per share. Net income forecast to grow 115% next year vs 44% growth forecast for Auto Components industry in Hong Kong. Consensus price target down from HK$20.53 to HK$19.41. Share price fell 5.4% to HK$13.04 over the past week. Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.17 (down from CN¥0.44 in FY 2022). Revenue: CN¥27.0b (up 33% from FY 2022). Net income: CN¥294.4m (down 57% from FY 2022). Profit margin: 1.1% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong. Announcement • Mar 15
CALB Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 CALB Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 Buy Or Sell Opportunity • Mar 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to HK$13.44. The fair value is estimated to be HK$17.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 78% over the last year. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$14.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$16.95 per share. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$13.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 5x in the Auto Components industry in Hong Kong. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$15.21 per share. Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.391 to CN¥0.335 per share. Revenue forecast steady at CN¥31.0b. Net income forecast to grow 93% next year vs 31% growth forecast for Auto Components industry in Hong Kong. Consensus price target up from HK$23.81 to HK$24.51. Share price rose 2.4% to HK$19.46 over the past week. Major Estimate Revision • Oct 06
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥32.1b to CN¥31.3b. EPS estimate also fell from CN¥0.435 per share to CN¥0.391 per share. Net income forecast to grow 151% next year vs 31% growth forecast for Auto Components industry in Hong Kong. Consensus price target down from HK$24.57 to HK$23.89. Share price was steady at HK$19.60 over the past week. New Risk • Sep 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 72% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (72% accrual ratio). Announcement • Sep 15
Calb Group Co., Ltd. Unveils High-Density Battery with A 25-Year Lifecycle At Re+ to Accelerate Its Globalization Strategy CALB unveiled its 314Ah energy storage solution at RE+ 2023, the premier energy solutions exhibition held in Las Vegas, Nevada, as the company accelerates its globalization strategy. The upgraded CALB 314Ah features a lithium replenishment technology that extends its lifespan to 15,000 charge cycles, the equivalent of up to a 25-year lifecycle. Through extensive optimizations, usable energy has been increased by 12%, and round-trip efficiency has reached 96%. With an advanced chemical system that enhances output efficiency, accuracy, and reduces lithium degradation, the 314Ah guarantees zero degradation in the first 1,000 charge cycles. Designed to be scalable, the product can be customized to meet the unique energy requirements of diverse commercial applications. New Risk • Aug 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Aug 18
CALB Group Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 CALB Group Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Jun 09
CALB Group Co., Ltd., Annual General Meeting, Jun 30, 2023 CALB Group Co., Ltd., Annual General Meeting, Jun 30, 2023, at 10:00 China Standard Time. Location: Conference Room VIP1, CALB Group Co., Ltd., No. 1, Jiangdong Avenue, Jintan District, Changzhou China Agenda: To consider the proposal regarding the report of the board of the Company for the year of 2022; to consider the proposal regarding the report of the supervisory committee of the Company for the year of 2022; to consider the proposal regarding the audited consolidated financial statements and auditor's report of the Company for the year ended December 31, 2022; to consider the proposal regarding the annual report of the Company for the year of 2022; to consider the proposal regarding the re-appointment of domestic auditor of the Company for the year of 2023; and to consider the proposal regarding the re-appointment of auditor for H shares of the Company for the year of 2023. Reported Earnings • Mar 29
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.44 (up from CN¥0.11 in FY 2021). Revenue: CN¥20.4b (up 199% from FY 2021). Net income: CN¥691.6m (up 394% from FY 2021). Profit margin: 3.4% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 52%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Auto Components industry in Hong Kong. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Zetong Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 06
CALB Co., Ltd. has completed an IPO in the amount of HKD 10.102121 billion. CALB Co., Ltd. has completed an IPO in the amount of HKD 10.102121 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 2,819,200
Price\Range: HKD 38
Discount Per Security: HKD 0.456
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 113,694,700
Price\Range: HKD 38
Discount Per Security: HKD 0.456
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 149,331,400
Price\Range: HKD 38
Discount Per Security: HKD 0.456
Transaction Features: Regulation S; Sponsor Backed Offering Board Change • Oct 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Zetong Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.