HKG:3750

25 stories mentioning HKG:3750

Every FINWIRES story that references HKG:3750, newest first.

CATL's Q1 Profit Surges 49%, Beats Estimates; Directors Approve New Subsidiary

Contemporary Amperex Technology's (SHE:300750, HKG:3750) net profit attributable to shareholders in the first quarter rose 49% to 20.74 billion yuan from the year-ago profit of 13.96 billion yuan, according to a Wednesday filing with the Hong Kong bourse.The growth rate is higher than the estimated 21% rise in a poll of three analysts compiled by LSEG, Reuters reported Wednesday.Earnings per share at the world's largest battery maker climbed 44% year on year to 4.58 yuan from 3.18 yuan.The rise highlights the company's market dominance despite a slowdown in demand for electric vehicles in China, Reuters reported Wednesday.However, the war in Iran could boost demand for EVs elsewhere, the Wall Street Journal reported the same day, citing analysts at HSBC (HKG:0005).Operating revenue jumped 52% to 129.13 billion yuan from 84.70 billion yuan in the previous year.Analysts expected a 36% increase in revenue, Reuters said.CATL directors also approved the creation of a new energy mineral resource subsidiary with a capital of 30 billion yuan, according to a separate disclosure to the Shenzhen bourse on Wednesday.The planned subsidiary, to be named Times Resources Group (Xiamen), will explore mineral resources, process metal, and sell chemical products.The unit will act as the battery giant's investment and operations platform for the new-energy minerals, CATL said in its disclosure.CATL could be among those well-positioned to capture the next phase of growth in energy storage due to the battery giant's expanding energy storage system exposure, the Wall Street Journal said, citing HSBC.The company earlier tapped Zijin Mining Group (HKG:2899, SHA:601899) founder and former chairman Chen Jinghe to advise the battery giant on its mining business, Bloomberg reported April 7, citing people familiar with the matter.Meanwhile, CATL is also looking to have itself removed from the Pentagon's blacklist, or those with ties to China's military, to increase its U.S. prospects, Bloomberg reported separately Wednesday.

HKG:2899HKG:3750SHA:601899SHE:300750

Asia60d ago

Market Chatter: CATL Calls for Removal From US Restrictions; Shares Up 4%

Contemporary Amperex Technology (SHE:300750, HKG:3750) is asking the US to remove its name from the list of companies blacklisted due to alleged links with the Chinese military, Bloomberg News reported Thursday, citing insiders.The battery maker was included in the list with Tencent Holdings (HKG:0700).CATL's co-chairman, Pan Jian, argued on the company's case during his two trips in the U.S. since a year earlier, including one made with officials of the Defense Department, the report said.The sources said that Pan was concerned that the chances to be removed from the curbs were small due to the tensions between the U.S. and China, the report said.CATL is yet to respond to' request for comment on the matter.The battery maker's Hong Kong shares jumped 4% and Shenzhen bourse rose 2% during the morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:3750SHE:300750

Asia60d ago

CATL to Set Up 30 Billion Yuan New Energy Mineral Resource Subsidiary; Shares Jump 4%

Contemporary Amperex Technology (SHE:300750, HKG:3750) plans to establish a new energy mineral resource subsidiary with a registered capital of 30 billion yuan, according to a Wednesday disclosure on the Shenzhen bourse.The planned subsidiary, to be named Times Resources Group (Xiamen), will explore mineral resources, process metal and sell chemical products.The company will fully own the subsidiary.The battery maker's Hong Kong shares jumped 4%, while its Shenzhen-listed shares rose 2% during the morning trade.

HKG:3750SHE:300750

Asia60d ago

CATL's Q1 Profit Jumps 49% as Revenue Soars 52%; Shares Up 4%

Contemporary Amperex Technology's (SHE:300750, HKG:3750) net profit attributable to shareholders in the first quarter rose 49% to 20.74 billion yuan from the year-ago profit of 13.96 billion yuan, according to a Hong Kong bourse filing on Wednesday.The battery maker's Hong Kong shares jumped 4% and Shenzhen shares rose 2% during the morning trade.Earnings per share climbed 44% year on year to 4.58 yuan from 3.18 yuan.Operating revenue jumped 52% to 129.13 billion yuan from 84.70 billion yuan in the previous year.

HKG:3750SHE:300750

Asia62d ago

Market Chatter: CATL Mulls Up to $5 Billion Share Placement in Hong Kong; Shares Down 6%

Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, is mulling a share placement to raise up to $5 billion in Hong Kong, Bloomberg News reported Monday, citing people familiar with the matter.CATL's Hong Kong shares slumped over 6% and Shenzhen shares fell over 2% during Tuesday's morning trade.Preliminary negotiations for the placement were already held with banks as the Chinese battery maker seeks to supplement some of its funding needs through a convertible bond sale, the report said.CATL, which posted a better-than-expected profit a year earlier, saw its shares soar by around 160% since it listed on the Hong Kong bourse in May 2025, the report said.The company is yet to respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:3750SHE:300750

Showing 21-25 of 25