CATL (03750.HK) Hong Kong Stock Hot List Performance and Catalyst Analysis

As a global leading lithium battery manufacturer, CATL (03750.HK) was on the East Money App Hong Kong Stock Hot List on December 2, 2025. The core potential catalyst is the policy change in China to simplify export licenses for rare earth magnet manufacturers [1]—rare earth materials are key raw materials for lithium battery production, and this policy is expected to bring more stable supply chains and potential cost advantages to CATL.

From the price performance perspective, the stock closed down 1.57% to $477.20 on the day (up 1.66% in 5 days, down 14.45% in 1 month) [0]. In terms of trading volume, the daily turnover was 1.77M, which was 29% lower than the average of the past 6 trading days (about 2.51M) [0]. Technically, the stock is in a sideways consolidation phase, with key support at $467.16 and resistance at $510.16 [0].

Market sentiment shows divergence: KDJ indicator is bullish, MACD indicator is bearish, RSI(14) is in the normal range, and a Beta value of 1.05 indicates moderate correlation with the Hang Seng Index [0]. The industrial sector only rose slightly by 0.02463% on the day [0], which did not significantly drive the stock.

1. Positive Catalyst vs. Short-Term Price Divergence
   : The positive change in rare earth export policy is theoretically beneficial to CATL’s supply chain stability, but the stock price fell by 1.57% on the day, possibly due to short-term profit-taking by investors or a cautious wait-and-see attitude towards the actual impact of the policy.
2. Divergent Technical Indicators Reflect Complex Sentiment
   : The bullish signal from KDJ and bearish signal from MACD indicate that the market has different expectations for the short-term trend of the stock, and fluctuations within the sideways range may continue.
3. Low Trading Volume Indicates Cautious Reaction
   : The daily trading volume dropped significantly from the average, indicating that investors did not immediately react strongly after the policy news was released, and the market needs more time to digest the information.

: The simplified rare earth export license policy is expected to reduce supply chain uncertainty and support the company’s long-term production and profitability [1].
:

• Sideways Volatility Risk: The stock is currently in a trendless range of $467.16-$510.16, and short-term price fluctuations may continue [0];
• Valuation Risk: The current P/E ratio of 32.65x and P/B ratio of 6.46x are at a relatively high level in the industry, with potential valuation correction pressure [0];
• Short-Term Negative Performance: The stock price has fallen by 14.45% in the past month, so attention should be paid to whether there are undisclosed negative factors [0].

This report objectively presents the background, potential catalysts, price and technical performance, market sentiment, and risks and opportunities of CATL (03750.HK) being on the Hong Kong Stock Hot List. The core points include:

• The reason for being on the hot list is related to the potential positive impact of the rare earth export policy;
• The stock price closed down on the day but still rose in 5 days, with low trading volume;
• There are divergences in technical indicators and market sentiment;
• Attention should be paid to the support and resistance levels in the sideways range and the valuation level.

: This analysis only provides factual information and objective analysis, and does not constitute investment advice or trading recommendations. Investment involves risks, and decisions should be made with caution.