CALB Group Co Ltd Class H

03931: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	Dy	LOCK\|Z#^	LOCK\|rYKX#BW

CALB Earnings: In-Line Profit Despite Strong Battery Demand; Margins Remain Under Pressure

Vincent Sun

Aug 31, 2026

CALB posted a robust 65% year-on-year revenue growth in the first half of 2026, driven by strong growth in battery shipments and gains in battery prices. However, gross margin lost 80 basis points, indicating rising cost pressure amid prolonged industry competition.

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United States

CALB Group Co Ltd Class H

CALB Earnings: In-Line Profit Despite Strong Battery Demand; Margins Remain Under Pressure

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