Changes in Hong Kong stocks | Ningde Era (03750) fell by more than 3% in early trading, planned energy storage capacity far exceeded global demand. According to reports, lithium battery production capacity declarations were basically suspended

The Zhitong Finance App learned that the Ningde Era (03750) fell more than 3% in early trading. As of press release, it decreased by 3.10% to HK$532, with a turnover of HK$646 million.

According to the news, recently, a number of leading battery companies confirmed to the Economic Observer that since the second half of this year, all regions have basically stopped accepting production capacity filings for new power batteries and energy storage batteries, and production capacity declarations for new power and energy storage batteries have basically been suspended. According to statistics from industry agencies, the planned expansion of energy storage cell production has exceeded 800 GWh this year. By the end of the year, the production capacity will be about 1.2 to 1.5 TWh, and the total planned production capacity is close to 2 TWh, far exceeding the actual needs of the global market.

According to the interim results of Ningde Times, the revenue of the power battery business in the first half of 2026 was 192.25 billion yuan, up 46.02% year on year; revenue from the energy storage battery business was 53.261 billion yuan, up 87.54% year on year. Lyon released a research report saying that the stock price correction in the past month during the Ningde era was about 15%, a cumulative drop of 30% from the May high. There has been no positive catalyst in the short term, but I believe its stock price already reflects pessimistic expectations.