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World's largest maker of electric-vehicle and energy-storage lithium-ion batteries, supplying most global automakers.
World's largest maker of electric-vehicle and energy-storage lithium-ion batteries, supplying most global automakers.
Sells battery cells and packs under multi-year supply agreements with carmakers, often developed around a specific model, and increasingly stationary storage systems to power companies. These Hong Kong shares, listed in 2025, are the same company as the Shenzhen shares. It licenses its technology for plants outside China, including Ford's in Michigan.
In one line: China's Panasonic Energy (EV battery side).
Moat: wide (scale, IP / patents, process know-how). World-leading EV battery share via manufacturing scale, chemistry IP, and deep automaker co-design relationships.
Headquarters: Ningde, China · Founded: 2011 · Employees: 185,839
Size Contemporary Amperex Technology (3750.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $179B, the 9th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$380.00 on 6 Nov 2026.
Performance Over six months the shares fell 42.9%, against -21.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 11 in its peer set.
Growth Revenue grew 58.7% over the last twelve months (peer median +10.5%); the operating margin is 14.3% (peer median 10.0%).
Valuation It trades at 16.6× forward earnings against a peer median of 22.3× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +52%, so the hurdle is -60 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 17.4 points above its cost of capital (6.0% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$662B | HK$458B | HK$392B | HK$442B | HK$382B |
| Revenue growth | — | +17% | -11% | +16% | — |
| Gross profit | HK$184B | HK$117B | HK$92.8B | HK$96.3B | HK$75.2B |
| EBITDA | n/a | HK$99.2B | HK$81.8B | HK$73.4B | HK$48.4B |
| Net income | HK$99.5B | HK$78.3B | HK$55.0B | HK$48.8B | HK$35.7B |
| Free cash flow | HK$71.6B | HK$101B | HK$73.3B | HK$67.3B | HK$16.0B |
| Capital expenditure | HK$62.6B | HK$45.9B | HK$33.8B | HK$37.2B | HK$56.1B |
| Total debt | HK$401B | HK$248B | HK$219B | HK$225B | HK$256B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Contemporary Amperex Technology 3750.HK | $179B | -43% | +59% | 14% | 16.6× | -8.3% |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 15.8× | n/a |
| LG Energy Solution 373220.KS | $58.2B | -27% | +25% | 1% | n/a | n/a |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
| Samsung Sdi 006400.KS | $26.8B | -33% | +21% | 0% | 45.9× | n/a |
| CALB 3931.HK | $3.57B | -59% | +80% | 7% | 8.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3750.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.9% | -15.3% | 3rd lowest of 11 |
| 6-month return | -42.9% | -21.5% | lowest of 11 |
| Distance from 52-week high | -52.2% | -30.6% | lowest of 11 |
| Revenue growth (TTM) | +58.7% | +10.5% | highest of 11 |
| Operating margin | 14.3% | 10.0% | 5th highest of 11 |
| Forward P/E | 16.6× | 22.3× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -8.3% | 17.7% | least demanding of 9 |
| Growth delivered (Del g) | +52.0% | +8.1% | highest of 9 |
| Hurdle (Req g minus delivered) | -60.3 pp | +8.2 pp | least demanding of 9 |
| ROIC minus cost of capital | +17.4 pp | +2.7 pp | 3rd highest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Contemporary Amperex Technology 3750.HK | Hong Kong | $179B | -43% | +59% | 14% | 16.6× | -8.3% | +52.0% |
| GE Vernova GEV | United States | $205B | -26% | +17% | 7% | 32.2× | 24.9% | +16.8% |
| Schneider Electric SU.PA | France | $151B | -16% | +7% | 18% | 22.2× | 18.0% | +9.8% |
| ABB ABBN.SW | Switzerland | $147B | -17% | +1% | 18% | 24.5× | 4.3% | +2.3% |
| Eaton ETN | United States | $133B | -15% | +20% | 19% | 21.4× | 19.1% | +9.0% |
| Siemens Energy ENR.DE | Germany | $111B | -33% | +9% | 9% | 26.4× | 17.3% | +7.3% |
| BYD 002594.SZ | China | $96.6B | -17% | -4% | 4% | 21.2× | n/a | n/a |
| Mitsubishi Heavy Industries 7011.T | Japan | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% | +6.1% |
| Mitsubishi Electric 6503.T | Japan | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% | +7.1% |
| LG Energy Solution 373220.KS | South Korea | $58.2B | -27% | +25% | 1% | n/a | n/a | n/a |
| Ametek AME | United States | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% | +10.3% |