Contemporary Amperex Technology, CNE100003662

UOB Kay Hian holds RMB 343 target for Contemporary Amperex Technology stock

Published on 10/26/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 56.20 percent to CNY 442.14 billion. Contemporary Amperex Technology stock was CNY 238.00 on October 26, 2026, up 0.17 percent.

Analyst target and earnings

UOB Kay Hian maintained a RMB 343.00 target on October 26, 2026.
First-nine-month revenue rose 56.20 percent to CNY 442.14 billion in 2026.
Contemporary Amperex Technology stock was CNY 238.00 on October 26, 2026, up 0.17 percent.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

Contemporary Amperex Technology (ISIN CNE100003662) has a RMB 343.00 A-share target after UOB Kay Hian maintained its BUY recommendation in a report dated October 26, 2026. The Shenzhen-listed stock was last at CNY 238.00 on October 26, 2026 at 3:04 p.m. CST, up 0.17 percent from CNY 237.60.

Revenue growth outpaces profit growth

Morningstar reported that revenue for the first nine months of 2026 rose 56.20 percent year over year to CNY 442.14 billion, while net profit increased 31.60 percent to CNY 64.53 billion. In the third quarter, revenue climbed 58.60 percent to CNY 165.22 billion, but net profit rose 14.50 percent to CNY 21.25 billion.

The gap between sales and profit growth is the central operating figure. Operating costs increased 61.60 percent to CNY 341.70 billion during the first nine months of 2026, while net finance income fell to CNY 1.45 billion from CNY 7.02 billion in the year-earlier period, Morningstar reported.

What does the RMB 343.00 target imply?

The UOB Kay Hian target is 44.12 percent above the CNY 238.00 Shenzhen price. Its report linked the weaker quarterly profit performance to a higher share of lower-margin energy-storage batteries, tax changes and inventory provisions, while still forecasting 2026 net profit of RMB 89.10 billion.

A separate MarketScreener report published October 25, 2026 said China Renaissance Research set a CNY 401.00 target. That target stands 68.49 percent above the latest Shenzhen price, placing UOB Kay Hian's target below the separate research figure.

Valuation and price range

Contemporary Amperex Technology had a market capitalization of CNY 1.0 trillion and a price-to-earnings ratio of 12.39 as of October 26, 2026. The 52-week range was CNY 216.51 to CNY 468.75, leaving the latest price CNY 21.49 above the low and CNY 230.75 below the high.

The earnings picture therefore combines rapid expansion with slower profit conversion. UOB Kay Hian also cited a 20.70 percent third-quarter gross margin, down 2.50 percentage points from the prior quarter, while the company held a 44.20 percent China battery-market share during the first nine months of 2026.

Stock position for investors

The current Shenzhen quote sits 9.92 percent above the 52-week low, while the UOB Kay Hian target implies a materially higher valuation if profit growth accelerates. The next market test is whether revenue growth can translate into stronger margins as product mix and tax costs change.

Contemporary Amperex Technology stock was last at CNY 238.00 on the Shenzhen Stock Exchange on October 26, 2026 at 3:04 p.m. CST, up 0.17 percent versus the prior close of CNY 237.60.