CATL (03750.HK) Hong Kong Stock Hot List Analysis

The event occurred at 16:30:01 on December 3, 2025 (UTC+8), when CATL (03750.HK) was included in the East Money App’s Hong Kong Stock Market Popularity List.

CATL (03750.HK) is a globally leading electric vehicle battery supplier listed in Hong Kong, and also trades on the A-share market under 300750.SZ, with a market capitalization of 1.66 trillion USD, in the Industrial/Electrical Equipment and Components sector [0].

1. Favorable Supply Chain Cooperation
   : South Korean battery material supplier EnChem’s stock price rose 14% due to market rumors that it secured a 2026-2030 annual 70,000-ton electrolyte supply contract from CATL, indirectly reflecting CATL’s sustained demand and industry position in the global battery supply chain [1].
2. Global Capacity Expansion
   : The company broke ground on a large-scale battery factory in Spain on November 26, 2025, an important move in its European capacity layout that will further consolidate its global market leadership [2].
3. Sector Linkage Effect
   : On December 3, the industrial sector rose 0.3142% overall; as a leader in the electrical equipment industry, CATL’s stock performance was affected by the positive fluctuations of the sector [0].

Since Hong Kong stock data is temporarily unavailable, the analysis is based on A-shares (300750.SZ): On December 3, the closing price was 376.08 USD, down 1.05% in 1 day, up1.51% over5 days, and up45.33% year-to-date 2025; the daily trading volume was14.23M, far below the average of35.53M [0]. Key price levels: Short-term support at370.00 USD, short-term resistance at385.00 USD [0].

• Retail Investor Attention
  : Being listed on the East Money App’s Hong Kong Stock Popularity List indicates high attention from retail investors.
• Institution/Analyst Views
  : The company has a strong fundamentals with ROE of 22.84%, net profit margin of16.53%, and P/E ratio of26.76x (reasonable range), but Q3 revenue was11.59% below expectations, triggering caution among some investors [0].

1. Linkage Between Hong Kong & A-shares
   : Although the analysis uses A-shares as a proxy, as a dual-listed stock of the same company, CATL’s Hong Kong stock performance may be jointly influenced by A-share fundamentals and global events.
2. Contradiction Between Low Volume & High Attention
   : Being on the hot list but with volume below average may reflect the coexistence of investors’ concerns about the company’s recent revenue performance and optimism about its long-term development potential, leading to divided market sentiment.
3. Importance of Global Strategy
   : The construction of the Spanish factory and the advancement of global supply chain cooperation indicate that the company is strengthening its global competitiveness through capacity expansion and supply chain layout, with a clear long-term growth logic.

• Sustained growth in global battery market demand will directly benefit the company as an industry leader.
• Capacity release from the Spanish factory will enhance its competitiveness in the European market.
• Deepening supply chain cooperation helps ensure the stability of raw material supply.

• Revenue Shortfall Risk
  : Q3 revenue was11.59% below expectations, which may reflect intensified industry competition or demand fluctuations [0].
• Supply Chain Dependency Risk
  : Fluctuations in battery raw material supply may still affect production and cost control [1].
• Policy & Regulatory Risk
  : Adjustments to global new energy policies may impact the company’s business.
• Market Data Limitation
  : This analysis partially relies on A-share data, and the specific performance of Hong Kong stocks may differ.

CATL (03750.HK) was listed on the East Money App’s Hong Kong Stock Popularity List, mainly driven by favorable supply chain cooperation, global capacity expansion, and sector linkage effects. The company has strong fundamentals but recent revenue fell short of expectations, leading to divided market sentiment. Investors need to pay attention to factors such as industry competition, supply chain stability, and policy changes.

Due to the temporary unavailability of Hong Kong stock data, A-shares (300750.SZ) are used as a proxy for price and volume analysis; the specific performance of Hong Kong stocks may differ from A-shares.