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Contemporary Amperex Technology Co., Limited Class H (3750) Receives a Buy from First Shanghai Securities

Tipranks - Tipranks - Fri Mar 20, 2:46AM CDT

In a report released yesterday, from First Shanghai Securities maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H, with a price target of HK$725.00.

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In addition to First Shanghai Securities, Contemporary Amperex Technology Co., Limited Class H also received a Buy from TipRanks – xAI’s xAi Industrials HK in a report issued on March 17. However, on the same day, TipRanks – Anthropic downgraded Contemporary Amperex Technology Co., Limited Class H (HKEX: 3750) to a Hold.

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Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$140.63 billion and a net profit of HK$23.17 billion. In comparison, last year the company earned a revenue of HK$102.97 billion and had a net profit of HK$14.74 billion

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