CATL (03750.HK)  -7.400 (-2.244%)    Short selling $969.02M; Ratio 28.828%   H-shares debuted yesterday (20th), finishing the day at HKD306.2, up 16.4% from the listing price of HKD263. This morning (21st), the stock price drifted higher, last printing at HKD331.4, up 8.2%, with a turnover of HKD2.675 billion. CATL’s A-shares (300750.SZ)  +2.300 (+0.851%)   last stood at RMB274.4, up 4.3%.

CLSA published a report yesterday, listing the valuation forecast comparison between CATL A shares and its peers based on the closing price on Monday (19th):

Related NewsCiti Initiates Buy on CATL (03750.HK) with TP HKD425
Chinese and Asian battery manufacturers
Shares│2026E P/E│2026E EV/EBITDA│2026E ROE
CATL (300750.SZ)  +2.300 (+0.851%)   A shares │14.6 x │ 7.6 x │ 23.5%
BYD COMPANY (01211.HK)  +20.200 (+4.428%)    Short selling $1.43B; Ratio 30.822%   H shares │18.2 x │6.5 x │23.6%
BYD (002594.SZ)  +16.230 (+4.070%)   A shares │ 17.0 x │ 6.2 x │ 23.7%
EVE ENERGY (300014.SZ)  +0.470 (+0.985%)   │ 13.3 x │ 9.5 x │ 15.2%
GOTION HIGH-TECH (002074.SZ)  -0.220 (-0.849%)   │ 21.5 x │ 12.6 x │ 6.5%
SUNWODA (300207.SZ)  +0.080 (+0.415%)   │ 13.1 x │ 8.5 x │ 9.5%
CALB (03931.HK)  -0.100 (-0.573%)    Short selling $2.39M; Ratio 11.495%   │12.7 x│-│5.2%
LG Energy Solution (373220.KS) │54.4 x │12 x │5.8%
Samsung SDI (006400.KS) │ 10.4 x │ 6.7 x │ 5.6%
Panasonic (6752.JP) │ 10.7 x │ 5.3 x │ 7.3%

Battery materials and resource manufacturers
Shares│2026E P/E│2026E EV/EBITDA│2026E ROE
TIANQI LITHIUM (09696.HK)  +1.050 (+4.294%)    Short selling $7.51M; Ratio 12.333%   │14.8 x │9.7 x │5.1%
GANFENGLITHIUM (01772.HK)  +0.480 (+2.434%)    Short selling $16.78M; Ratio 17.993%   │16.3 x │15.7 x │4.4%
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.) (A Shares quote is delayed for at least 15 mins.)