I dont know either, but so far my pet theory is that the CE is lowered and moved forward with the kite up. Then you regulate CE further by stalling the main when you become overpowered.
I do not think there is an extra lift created by the hull, perhaps if you sailed high with the windward hull, but that's very risky in wild winds.
I think T-foils are coming, but the one-design classes have put their brakes on.
Looking forward to hearing what others think about this. Would be good to have a good explanation.