Analysis of CATL (03750.HK)'s Status as a Hot Stock in Hong Kong Stock Market

As a global leader in power batteries, CATL (03750.HK) has become a hot stock in the Hong Kong market this time, with drivers covering multiple dimensions such as business expansion, shareholder signals, and market performance:

1. Strategic Business Enhancement
   : Signed a deep cooperation agreement in the energy storage sector with Haibo Sichuang (688411.CH) [1], further consolidating its market position in the energy storage track and providing new impetus for long-term growth.
2. Shareholder Confidence Signal
   : The inquiry transfer price of the company’s shareholder Huang Shilin was set at RMB 376.12 per share, close to the A-share’s closing price of RMB 383.35 on the same day [0], indicating the shareholder’s recognition of the current valuation.
3. Strong Market Performance
   : Since its Hong Kong listing in May 2025, the stock price has risen by 92% cumulatively [1], becoming a typical representative of high-growth targets in the new energy sector.
4. Lock-up Release and Market Sentiment
   : Approximately 77.5 million Hong Kong-listed restricted shares were released from lock-up on December 4 [1]. Although this may increase short-term supply pressure, the A-share still rose by 1.93% on the same day [0], reflecting relatively optimistic investor sentiment.

1. Energy Storage Layout Highlights Long-Term Value
   : The cooperation with Haibo Sichuang indicates that while consolidating its core power battery business, CATL is actively expanding new growth poles such as energy storage, which aligns with the long-term development trend of the new energy industry.
2. Shareholder Actions Strengthen Market Confidence
   : The shareholder transfer price close to the market price played a role in stabilizing market expectations during the sensitive period of restricted share lock-up release, avoiding the short-term selling pressure usually brought by lock-up release.
3. Significant Cross-Market Linkage Effect
   : The rising performance of the A-share had a positive transmission effect on the Hong Kong share, reflecting investors’ consistent recognition of the company’s overall value.

• Short-term lock-up release pressure: The release of 77.5 million Hong Kong-listed restricted shares may lead to short-term stock price fluctuations [1].
• Industry competition pressure: The power battery sector has rapid technological iteration, and pressure from cost control and capacity expansion persists.
• Policy uncertainty: Changes in new energy industry policies may affect the company’s business development.

• Expansion of energy storage business brings new growth space.
• As an industry leader, its scale advantages and technological accumulation will support its long-term competitiveness.

This analysis, based on real-time market data [0] and industry dynamics [1], explains the reasons why CATL (03750.HK) has become a hot stock in the Hong Kong market from dimensions such as business expansion, shareholder signals, market performance, and the impact of lock-up release. The report only presents objective analysis results and does not constitute investment advice.