CALB Group Co (3931) Q2 2026 earnings summary

Executive summary

• Revenue rose 65.0% year-over-year to RMB27,084.37 million for the six months ended 30 June 2026, driven by expansion in customer base and new product ramp-up in EV batteries, ESS, and other applications.

• Net profit increased 102.2% year-over-year to RMB1,522.77 million, with basic EPS up 100.7% to RMB0.5276.

• The Group maintained strong growth across passenger vehicles, commercial vehicles, energy storage, ship, low-altitude, and robot markets, with significant technological and product innovations.

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% year-over-year.

• Revenue from EV batteries increased 54.8% to RMB16,505.78 million; ESS and others up 83.8% to RMB10,578.59 million.

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

• Operating cash inflow reached RMB2,863.60 million, up from RMB2,557.99 million.

Outlook and guidance

• Focus on AI-driven innovation, platform-based product development, 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.

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