Changes in Hong Kong stocks | At the end of the Ningde Era (03750), net profit increased by nearly 3% in the first half of the year, and the company launched the largest repurchase in A-share history

The Zhitong Finance App learned that the Ningde Era (03750) dived fast after opening high today, rising nearly 3% at the end of the session. As of press release, it had risen 2.41% to HK$637, with a turnover of HK$2,894 billion.

According to news, Ningde Times released results. In the first half of the year, it achieved revenue of 276.917 billion yuan, an increase of 54.80% over the previous year; net profit to mother reached 43.284 billion yuan, an increase of 41.98% over the previous year. In addition, the company increased shareholders' returns. It plans to pay an interim dividend of about 6.49 billion yuan, and plans to spend 20 billion to 40 billion yuan to repurchase A-shares and cancel them all, setting a new record for the highest single repurchase amount in A-share history.

J.P. Morgan Chase released a research report saying that at the performance meeting, Ningde Times management reiterated that they maintain a high level of confidence in battery demand in 2027, and that the expected growth may exceed the long-term compound annual growth rate of 20% to 30%. The bank maintains an “gain” rating for the Ningde era. The target price for H shares is HK$725, based on a price-earnings ratio of 30 times the 2026 forecast, and is still the first choice in China's battery value chain. The unexpected A-share repurchase plan will boost investor confidence.