CALB Group Co: Profit nearly doubled in 2024 as energy storage growth offset EV battery price declines

About this update from Calb Group Co., Ltd. Class H

Revenue grew 2.8% to RMB27.75 billion in 2024, with profit up 93% and gross margin rising to 15.9%. ESS business surged 72.4% while EV battery revenue declined due to price pressure. High R&D investment, global expansion, and major technology breakthroughs supported growth.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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