CALB Group Co (3931) Q4 2025 earnings summary

Executive summary

• Revenue rose 60.0% year-over-year to RMB44,400.07 million, driven by strong growth in EV batteries and ESS products.

• Net profit surged 148.4% to RMB2,095.22 million, with basic EPS up 149.6% to RMB0.8326.

• Market share in EV batteries and energy storage cells increased, ranking fourth globally and third domestically.

• Significant expansion in international markets, with new partnerships and product launches across multiple sectors.

Financial highlights

• Gross profit increased to RMB7,411.95 million from RMB4,409.89 million year-over-year.

• Net sales margin improved to 4.7% from 3.0% year-over-year.

• Operating cash inflow rose 226.4% to RMB10,160.09 million.

• Total assets grew 21.3% to RMB148,555.13 million; liabilities increased 27.8% to RMB95,098.52 million.

• No dividend declared for the year.

Outlook and guidance

• Focus on technological innovation, AI integration, and global expansion in EV, energy storage, ship, low-altitude, and robot markets.

• Plans to commercialize high-specific-energy batteries and expand advanced manufacturing capabilities.

• Continued emphasis on carbon neutrality by 2030 (core operations) and 2040 (value chain).