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CALB Group Co., Ltd. logo

CALB Group Co., Ltd.

3931.HK

HKSEIndustrialsElectrical Equipment & Parts

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Latest quote

HK$19.72

−HK$0.54 · -2.67%

Aug 24, 4:08 PM HKT

3931.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

CALB Group Co., Ltd., a new energy technology company, engages in the design, research, development, production, and sale of electric vehicle (EV) batteries and energy storage system (ESS) products in Mainland China, Europe, Asia, the United States, and internationally. It serves passenger vehicle market, commercial vehicle market, energy storage market, and emerging market. CALB Group Co., Ltd. was incorporated in 2022 and is headquartered in Changzhou, the People's Republic of China.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
CN
CEO
Jing Yu Liu
Listed since
Oct 6, 2022
Employees
14,323

Market position

Day range

Current HK$19.72

52-week range

Current HK$19.72

Open
HK$20.48
Previous close
HK$20.26
Volume
1.92M
0.41× average
Average volume
4.74M
Average daily volume
Market cap
34.95B HKD
Beta
0.26
Market reference 1
50-day average
HK$21.013
-6.15% below average
200-day average
HK$27.214
-27.54% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
88.65B CNY
P/E (TTM)
18.58×
P/B (TTM)
0.8×
P/S (TTM)
0.61×
EV / EBITDA
12.04×
Earnings yield
3.69%
Free cash flow yield
-16.60%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
15.15%
Operating margin
5.89%
Net margin
3.28%
Return on equity
4.01%
Return on assets
0.99%
Return on invested capital
2.53%

Financial health

Debt / equity
1.7×
Current ratio
0.79×
Altman Z-score
0.5
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%11%5%-0%Gross margin, FY2021: 3.74%Gross margin, FY2022: 12.01%Gross margin, FY2023: 9.80%Gross margin, FY2024: 15.35%Gross margin, FY2025: 15.52%Operating margin, FY2021: 1.66%Operating margin, FY2022: 3.49%Operating margin, FY2023: 2.83%Operating margin, FY2024: 4.34%Operating margin, FY2025: 7.04%Net margin, FY2021: 2.05%Net margin, FY2022: 3.39%Net margin, FY2023: 1.09%Net margin, FY2024: 2.13%Net margin, FY2025: 3.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 3.74%. Gross margin FY2022 12.01%. Gross margin FY2023 9.80%. Gross margin FY2024 15.35%. Gross margin FY2025 15.52%. Operating margin FY2021 1.66%. Operating margin FY2022 3.49%. Operating margin FY2023 2.83%. Operating margin FY2024 4.34%. Operating margin FY2025 7.04%. Net margin FY2021 2.05%. Net margin FY2022 3.39%. Net margin FY2023 1.09%. Net margin FY2024 2.13%. Net margin FY2025 3.32%.

Income trends

Revenue

44.4B CNY+59.99%

Operating income

3.13B CNY+159.31%

Net income

1.48B CNY+149.60%
Income trends across reported periods48.83B CNY31.11B CNY13.4B CNY−4.32B CNYRevenue, FY2021: 6.82B CNYRevenue, FY2022: 20.37B CNYRevenue, FY2023: 27.01B CNYRevenue, FY2024: 27.75B CNYRevenue, FY2025: 44.4B CNYOperating income, FY2021: 113.12M CNYOperating income, FY2022: 711.66M CNYOperating income, FY2023: 764.2M CNYOperating income, FY2024: 1.21B CNYOperating income, FY2025: 3.13B CNYNet income, FY2021: 140.03M CNYNet income, FY2022: 691.63M CNYNet income, FY2023: 294.38M CNYNet income, FY2024: 591.2M CNYNet income, FY2025: 1.48B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.82B CNY. Revenue FY2022 20.37B CNY. Revenue FY2023 27.01B CNY. Revenue FY2024 27.75B CNY. Revenue FY2025 44.4B CNY. Operating income FY2021 113.12M CNY. Operating income FY2022 711.66M CNY. Operating income FY2023 764.2M CNY. Operating income FY2024 1.21B CNY. Operating income FY2025 3.13B CNY. Net income FY2021 140.03M CNY. Net income FY2022 691.63M CNY. Net income FY2023 294.38M CNY. Net income FY2024 591.2M CNY. Net income FY2025 1.48B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue44.4B CNY27.75B CNY27.01B CNY20.37B CNY6.82B CNY
Cost of goods sold37.51B CNY23.49B CNY24.36B CNY21.25B CNY7.96B CNY
Gross profit6.89B CNY4.26B CNY2.65B CNY2.45B CNY254.98M CNY
Research and development2.14B CNY1.42B CNY991.96M CNY664.76M CNY222.52M CNY
Selling, general, and administrative2.26B CNY1.87B CNY1.02B CNY879.24M CNY483.59M CNY
Operating expenses3.76B CNY3.05B CNY1.88B CNY1.39B CNY397.83M CNY
Interest income148.8M CNY154.82M CNY135.45M CNY184.24M CNY172.27M CNY
Interest expense854.6M CNY415.12M CNY330.44M CNY65.22M CNY24.98M CNY
Depreciation and amortization4.81B CNY1.66B CNY1.75B CNY895.52M CNY497.02M CNY
Operating income3.13B CNY1.21B CNY764.2M CNY711.66M CNY113.12M CNY
Net income1.48B CNY591.2M CNY294.38M CNY691.63M CNY140.03M CNY

Company facts updated Aug 24, 2026.

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ETFs holding 3931.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
12.39M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
11.87M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Global X China Electric Vehicle and Battery ETF (HKD) logoGlobal X China Electric Vehicle and Battery ETF (HKD)2845.HK
Market value
7.37M
Weight
0.97%
AUM
897.66M HKD
Expense ratio
0.68%
Price / 1D
HK$97.74-1.05%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
1.99M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
Invesco Global Clean Energy ETF logoInvesco Global Clean Energy ETFPBD
Market value
1.3M
Weight
0.68%
AUM
190.34M USD
Expense ratio
0.75%
Price / 1D
$18.04-0.17%
Schwab Emerging Markets Equity ETF logoSchwab Emerging Markets Equity ETFSCHE
Market value
1.1M
Weight
0.01%
AUM
12.89B USD
Expense ratio
0.06%
Price / 1D
$36.97+0.71%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
1.02M
Weight
0.01%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
iShares Self-Driving EV and Tech ETF logoiShares Self-Driving EV and Tech ETFIDRV
Market value
902.31K
Weight
0.66%
AUM
—
Expense ratio
—
Price / 1D
$37.46+1.38%

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