CALB Group Co Ltd Class H

03931: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CALB Earnings: Revenue in Line but Margin Missed Despite Strong Battery Shipments

Vincent Sun

Nov 3, 2025

CALB posted a decent 85% year-on-year revenue growth for the third quarter of 2025, driven by strong growth in battery shipments. Gross margin gained nearly 600 basis points from a year ago, with good control of administrative expenses.

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United States

CALB Group Co Ltd Class H

CALB Earnings: Revenue in Line but Margin Missed Despite Strong Battery Shipments

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