Changes in Hong Kong stocks | In the Ningde era (03750), AH shares rose sharply, the company benefited from the strong development of the energy storage market, and the ban on institutional cornerstone sales is less likely to cause a pullback

The Zhitong Finance App learned that Ningde Times (03750) AH shares have risen sharply. As of press release, Ningde Times H shares have risen 3.91% to HK$571.5, with a turnover of HK$796 million; Ningde Times A shares have now risen more than 8%.

According to news, recently, Zeng Yuqun, chairman of Ningde Times, said at the opening ceremony of the 2025 World Power Battery Conference that in the first three quarters of this year, the total export volume of the “new three models” exceeded 900 billion yuan, of which lithium batteries contributed nearly 400 billion yuan, accounting for more than 40%. Of the total export volume of lithium batteries of nearly 200 GWh, Ningde Era exported 120 GWh, accounting for nearly 60%. CITIC Securities pointed out that with reference to CNESA and other data, it is predicted that the world will add about 290 GWh of energy storage capacity in 2025, and is expected to reach 1.17 TWh in the long term by 2030, with huge potential for growth. The bank believes that the domestic energy storage industry chain has clear advantages, and that the global share of batteries and energy storage systems continues to increase. It is recommended to focus on leading manufacturers that lay out overseas energy storage industry chains.

It is worth noting that Lyon released a research report saying that the upcoming Hong Kong stock IPO cornerstone investor lockdown period (November 20) has expired during the Ningde era, raising concerns in the market that the stock may face sale. Lyon expects some profitable terminations, but does not think it will trigger a sharp correction in stock prices. Lyon said that once these uncertainties are eliminated, it is expected that the Ningde era will resume an upward trend, mainly due to strong global energy storage system development and improvements in battery supply and demand dynamics in 2026. As a result, the bank reiterated its rating of A-shares and Hong Kong stocks outperforming the market in the Ningde Era; the target price for A-shares was 500 yuan, and the target price for Hong Kong stocks remained unchanged at HK$685.