Core Viewpoint - The article highlights the significant advancements and strategic initiatives of the company, focusing on the launch of the AIDC intelligent computing center immersion lithium battery system, which addresses the critical demands of data centers for high safety and power output [3][5]. Product Innovation - The AIDC intelligent computing center immersion lithium battery system features four core advantages: high safety through immersion technology, high power output of up to 540 kW per cabinet, high flexibility in backup power with over 40% lower temperature rise compared to conventional lithium batteries, and full lifecycle assurance with advanced safety measures [5][7][8]. Strategic Partnerships - The company has signed a strategic partnership agreement with Thailand's Planet Systems to accelerate the development of the AIDC intelligent computing center market in Thailand, enhancing local service networks and project implementation [10][12]. Market Expansion - Southeast Asia is identified as a burgeoning hub for digital economy development, with increasing demands for data centers and energy transformation. The partnership aims to inject vitality into the region's energy transition and digital economy growth [12]. Commitment to Sustainability - The company is dedicated to building a reliable, efficient, and green energy foundation for zero-carbon computing, having established itself as a leader in global data center and communication storage solutions. It focuses on customized solutions and full-cycle guarantees to meet client needs [13].

Core Viewpoint - JPMorgan Chase & Co. has increased its stake in Double Holdings (06960.HK) by acquiring an additional 1.67 million shares at an average price of HKD 22.5133 per share, totaling approximately HKD 37.6 million, raising its ownership percentage from 4.96% to 6.06% [1][2]. Summary by Category Company Actions - JPMorgan Chase & Co. purchased 1.67 million shares of Double Holdings on October 3, 2025 [1]. - The average purchase price was HKD 22.5133 per share, leading to a total investment of about HKD 37.6 million [1]. Ownership Changes - Following the acquisition, JPMorgan's total holdings in Double Holdings increased to 9.15 million shares [1]. - The ownership percentage rose from 4.96% to 6.06% after the transaction [1].

Group 1 - The Hang Seng Index fell by 0.61%, down 164 points, closing at 26,976 points, while the Hang Seng Tech Index dropped by 1.2% [1] - International gold prices reached a new historical high, leading to significant gains in the precious metals sector, with China Silver Group rising over 20% and Zijin Mining International increasing by over 5% [1] - Xinjiang Xinxin Mining surged over 12%, with a year-to-date increase exceeding 300%, and plans to issue A-shares [1] - Bitcoin surpassed $125,000, setting a new historical high, which positively impacted cryptocurrency-related stocks, with OK Blockchain rising over 14% and Boya Interactive increasing by over 10% [1] - Hesai Technology (Hesai-W) rose over 4%, marking the production of its one-millionth LiDAR unit by the end of September [1] - Beijing Bluebird Universe soared over 58% as its subsidiary JBD partnered with AMAT and Thunderbird Innovation to enhance AR glasses display quality [1] - Yunfeng Financial increased by over 7%, collaborating with Anthea to explore blockchain-based insurance products [1] - Dingdang Health surged by 26%, continuing to expand its innovative drug portfolio with multiple new products recently launched [1] - Shuangdeng Co. rose over 9%, driven by increased energy demand for storage solutions, being a key supplier for Alibaba's data center storage [1] Group 2 - Hua Hong Semiconductor rose over 5%, reaching a new high with an eight-day consecutive increase, as institutions noted advanced manufacturing capacity as a scarce resource [2] - Gaming stocks experienced a significant decline, with Macau's September gambling revenue growing by only 6%, falling short of expectations, and further impacted by a typhoon during the Golden Week [2] - New World Development dropped by 5.4%, while MGM China fell by 4.45% [2]

Group 1 - Hong Kong stock Double Holdings (06960.HK) experienced a significant increase, rising over 9% [2] - As of the report, the stock price reached 24.74 HKD, marking a gain of 9.18% [2] - The trading volume amounted to 54.9792 million HKD [2]

Core Viewpoint - The stock of Shuangdeng Co., Ltd. (06960) has increased by over 9%, reaching HKD 24.74, with a trading volume of HKD 54.98 million, driven by expectations of increased demand for backup power due to rising energy consumption in data centers [1][1][1] Group 1: Company Performance - Shuangdeng Co., Ltd. is a key player in the AIDC energy storage sector, serving major internet and data center operators such as Alibaba, JD.com, Baidu, and others [1][1][1] - The company has become the main supplier for Alibaba in data center energy storage [1][1][1] Group 2: Industry Trends - According to Wu Yongming at the Alibaba Cloud Summit, global data center energy consumption is expected to increase tenfold by 2032 [1][1][1] - AIDC energy consumption growth of 10 times implies a similar increase in backup power demand, which is anticipated to create significant growth opportunities for the company [1][1][1] - The promotion of green energy and energy storage models in data centers is expected to lead to a larger scale of energy storage systems compared to traditional backup power scenarios [1][1][1] Group 3: Market Position - Shuangdeng Co., Ltd. is projected to rank first in global communication and data center energy storage battery suppliers in 2024, with a market share of 11% according to data from Frost & Sullivan [1][1][1]

Group 1 - The research team from the Chinese Academy of Sciences has made a breakthrough in solid-state lithium batteries, addressing key issues such as high interfacial resistance and low ionic conductivity [1] - Solid-state batteries are considered a significant development direction for next-generation energy storage technology due to their high safety and energy density [1] - The new material developed by the research team integrates ionic conductive ethoxy groups and electrochemically active short sulfur chains, achieving interfacial integration at the molecular level [1] Group 2 - The integrated flexible battery based on the new material exhibits excellent bending resistance, capable of withstanding 20,000 cycles of bending [1] - When used as a polymer electrolyte in composite cathodes, the energy density of the composite cathode increases by 86% [1] - The research provides new material design ideas and research paradigms for the development of high-performance and high-safety solid-state batteries [1] Group 3 - CICC reports that solid-state batteries are expected to become the next generation of lithium battery technology, with accelerated industrialization driven by material innovation and process iteration [2] - The solid-state battery supply chain is anticipated to open up mainline investment opportunities, particularly for battery, material, and equipment manufacturers [2] - GF Securities highlights that in 2024, profits in the new energy vehicle supply chain will remain highly concentrated in the battery segment, with leading companies maintaining stable profitability even in downturns [2] Group 4 - Related Hong Kong stocks in the solid-state battery supply chain include CATL, Ganfeng Lithium, Tianqi Lithium, Longpan Technology, Ruipu Lanjun, Zhongchuang Xinhang, BYD, GAC Group, and Shuangdeng Co [3]

Market Overview - The Hong Kong stock market experienced a correction after a significant rise, with the Hang Seng Index down 0.83% to 27,059.8 points, the Hang Seng China Enterprises Index down 1.05% to 9,622.14 points, and the Hang Seng Tech Index down 1.8% to 6,562.68 points [1] Sector Performance - Utilities, coal, and construction sectors led the gains, while software services, raw materials remained active. Conversely, precious metals, agricultural products, and semiconductors faced declines [1] Individual Stock Movements - China’s Shuangdeng Co. saw a strong surge, with its stock price increasing over 22% during trading, reaching 24 HKD per share, with a trading volume exceeding 100 million HKD. Over two trading days, the stock rose more than 30% [2][5] - Other energy storage concept stocks remained active, with China Anshun Energy rising over 5% [2] Company Insights - Shuangdeng Co. is a leading global provider of energy storage batteries for data centers and communication base stations, ranking first in battery shipments for backup power in 2024 according to Frost & Sullivan [3][5] - The company has established a broad global customer base, including partnerships with major telecom operators and equipment manufacturers, both domestically and internationally [5] - The demand for backup power is expected to grow significantly, with projections indicating a potential 10-fold increase in energy consumption for AIDC (Intelligent Computing Centers) leading to a similar increase in backup power needs [5] Industry Trends - Recent reports indicate that the improvement in energy storage economics is likely to lead to explosive non-linear growth in the industry, driven by market mechanisms replacing mandatory storage requirements and the widening price gap in the renewable energy market [6] - The outlook for the energy storage and lithium battery sectors remains positive, with expectations of increased market activity [6] Cryptocurrency Sector - The cryptocurrency sector in Hong Kong showed strength, with several stocks like OKLink and Xunyi Technology experiencing significant gains [8] - The Hong Kong Monetary Authority has received 36 applications for stablecoin licenses, indicating a growing interest in the cryptocurrency market [8]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 重新提交 致：香港交易及結算所有限公司 公司名稱: 雙登集團股份有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06960 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 142,052,700 | RMB | | 1 RMB | | 142,052,700 | | 增加 / 減少 (-) | | | 8,783,500 | | | RMB | | 8,783,500 | | 本月底結存 | | | 150,836,200 | RMB | | 1 RMB | | 150,836,200 | | 2. 股份分類 | 普通股 ...

Core Viewpoint - The stock of Shuangdeng Co., Ltd. (06960) has risen over 9%, indicating strong market interest and potential growth in the energy storage sector driven by increasing demand for backup power solutions in data centers [1] Company Overview - Shuangdeng Co., Ltd. is a leading company in the energy storage business within the big data and communications sector, focusing on the design, research and development, manufacturing, and sales of energy storage batteries and systems [1] - The company is projected to rank first in global shipments of energy storage batteries for communication and data centers in 2024, with a market share of 11% according to data from Frost & Sullivan [1] Market Dynamics - AIDC's energy consumption is expected to increase tenfold, which implies a corresponding tenfold increase in backup power demand, presenting significant growth opportunities for the company [1] - The promotion of green electricity and energy storage models in data centers is anticipated to expand the scale of energy storage systems beyond traditional backup scenarios, further enhancing the company's growth prospects [1] Clientele and Market Expansion - Shuangdeng Co., Ltd. serves a diverse range of clients, including major telecommunications companies such as China Mobile, China Unicom, and China Tower, as well as international firms like Ericsson, Vodafone, and Norwegian Telecom [1] - The company is not only focusing on the domestic market but is also expanding its services to overseas clients through its production base in Malaysia and is gradually entering high-end markets in North America [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 雙登集團股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 274,773,300 | | 0 | | 274,773,300 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 274,773,300 | | 0 | | 274,773,300 | FF301 第 1 頁 共 10 頁 v 1.1.1 II. 已發行股份及/或庫存股份變動 | 1. ...