CALB's listing on the Hong Kong Stock Exchange makes it a premium target with outstanding high growth certainty on the gold track
2022年10月6日 - 4:40PM
JCN Newswire
On October 6, CALB Co., Ltd. (3931.HK), a giant in the EV
battery industry, was officially listed on the Hong Kong Stock
Exchange and became the first new energy EV battery enterprise in
Hong Kong. During the offering period, the first day of the
international placement of CALB has realised oversubscription. In
addition, the IPO of CALB also attracted 15 cornerstone companies,
including Tianqi Lithium (002466.SZ), Han's Laser Technology
(002008.SZ), XPeng-W (09868.HK) and vivo, to subscribe for more
than 40% of the global offering shares, almost covering the entire
new energy vehicle industry chain, which fully proves that the
industrial capital is optimistic about the development prospects of
CALB.
The high level of prosperity of the industry will continue, and the
short-term adjustment will not change the long-term trend
From the industry level, with the establishment of the dominant
position of new energy development in several major global
economies, the global new energy vehicle market has grown at a high
speed and the penetration rate has continued to increase. According
to Frost & Sullivan, the global sales volume of NEVs increased
from 1,162.1 thousand units in 2017 to 6,201.2 thousand units in
2021. Global NEV sales are expected to grow at a CAGR of 24.3% from
2021 to 2026, and the global NEV penetration is expected to reach
30.1% by 2026.
Benefiting from the growth of the global NEV market, the automotive
industry in various countries has a high demand for power
batteries, and the EV battery market has grown steadily. The global
EV battery installed capacity is expected to grow at a CAGR of
33.8% from 2022 to 2026 and reach 1,386.7 GWh in 2026. Among them,
as the world's largest EV battery market, with the rapid growth of
NEV penetration rate, the healthy development of the industrial
chain and the effective control of the pandemic, China's EV battery
installed capacity is expected to reach 762.0 GWh in 2026 with a
CAGR of 34.9% from 2022 to 2026.
Therefore, the high level of prosperity of the NEV industry chain
is still continuing, and the current adjustment of the new energy
sector is not due to changes in fundamentals, but a correction of
excessive short-term growth. In the long run, the development of
new energy is the trend of the times. After a short-term
restructuring, the subsequent performance is worth looking forward
to.
Excellent leaders promote the accelerated growth of enterprises,
and equity diversification contributes to long-term development
As a leader in the EV battery industry, CALB has an excellent
leader to lead the Company through the time cycle and achieve
long-term sustainable development. Liu Jingyu, the Chairwoman of
the Company, has her unique understanding and insight into the
market and has excellent "cognitive power". The focus on passenger
vehicles implemented by CALB in 2018, the restart of commercial
vehicles in 2019, and the re-launch of passenger vehicles and
energy storage in 2020 are all based on a thorough understanding of
the market through full market and customer research, and accurate
judgement after a full understanding of the market. Unique
strategic vision determines the correct direction of the Company; a
keen insight into the market determines the right goals for the
Company; a deep understanding of technology determines the right
course for the Company; the overall control of production
determines the correct layout of the Company.
Under its strong leadership, CALB's technology iteration has always
led the industry's development, its product strength has been
continuously enhanced, and its market share has continued to
expand. According to Frost & Sullivan, in terms of installed
capacity in the first quarter of 2022, CALB ranked second among
third-party EV battery companies in the PRC and fifth globally
among the third-party EV battery companies. At the same time, the
Company's revenue increased by 63.0% from RMB1,733.8 million in
2019 to RMB2,825.4 million in 2020, and increased significantly by
141.3% to RMB6,817.1 million in 2021. In the first quarter of 2022,
the Company's revenue was RMB3,897.1 million, with a year-on-year
increase of 266.5%.
At present, CALB is a joint-stock enterprise with diversified
equity, high marketization, independent management and equity
incentive. Through CALB's business decisions and capacity layout in
recent years, it can be seen that the management of the Company can
make decisions quickly according to the market demand and changes,
and implement them quickly to match the market demand. It is
believed that after the listing, the vitality of CALB will be
further stimulated, and the subsequent market performance is more
worthy of expectation.
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