CALB Group Co (3931) Q2 2026 earnings summary

Executive summary

• Revenue reached RMB27.08 billion in H1 2026, up 65.0% year-over-year, driven by customer base expansion and new product ramp-up in EV batteries, ESS, and other applications.

• Net profit rose 102.2% year-over-year to RMB1.52 billion, with basic EPS up 100.7% to RMB0.5276.

• Strong growth across passenger vehicles, commercial vehicles, energy storage, ship, low-altitude, and robot markets, supported by technological and product innovations.

• Maintained focus on ESG, carbon neutrality, and compliance with evolving international regulations.

Financial highlights

• Gross profit rose to RMB4,527.01 million from RMB2,878.88 million year-over-year.

• Net sales margin improved to 5.6% from 4.6%.

• Revenue from EV batteries increased 54.8% to RMB16.51 billion; ESS and others up 83.8% to RMB10.58 billion.

• Overseas revenue surged 262.9% to RMB1,184.58 million, now 4.4% of total revenue.

• Operating cash inflow reached RMB2.86 billion, up from RMB2.56 billion.

Outlook and guidance

• Focus on AI-driven innovation, high-performance batteries, solid-state technology, and global market expansion across all business segments.

• Plans to industrialize high-specific-energy batteries, expand energy storage solutions, and deepen international presence in EV, energy storage, ship, low-altitude, and robot markets.

• Commitment to carbon neutrality in core operations by 2030 and value chain by 2040.

• Ongoing investment in advanced manufacturing, digitalization, and ESG initiatives.