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| HSI1 | 25,962.73 | -426.31 | 325.39B |
| HSCEI1 | 8,691.03 | -167.60 | 91.91B |
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2026-05-14 13:16:09 After WUXI LEAD (00470.HK) participated in its 2026 China Elite Corporate Day, Board Secretary Yao Yao said that 2026 is unlikely to mark the peak of the current upcycle, in view of capacity expansion plans of leading battery manufacturers and contributions from new technology routes such as solid-state batteries and sodium-ion batteries, Citi said in its report. Management indicated that new orders in 2026 may grow by 40-50% YoY, above the previous guidance of 30%. Citi lifted the TP for WUXI LEAD's H shares from HKD62 to HKD67, equivalent to 39x 2026E PE, and maintained a Buy rating. The broker also mentioned that the company's solid-state battery orders reached RMB1 billion in 2025, and management expected the order amount to double to RMB2 billion in 2026, with overseas and domestic China customers each accounting for half. ~ AASTOCKS Financial News Website: www.aastocks.com | |