Core Viewpoint - Double Power Co., Ltd. has officially listed on the Hong Kong Stock Exchange, becoming the first stock in the AIDC energy storage sector, with a strong focus on building a zero-carbon energy ecosystem and leveraging the AI industry for growth [2][3]. Group 1: IPO and Market Position - The IPO price was set at HKD 14.51 per share, raising approximately HKD 756 million, with a subscription rate of 3876.25 times, indicating high investor interest [2]. - Double Power is recognized as the leading supplier of energy storage batteries for communication and data centers globally, with a market share of 11.1% as of 2024 [2][5]. Group 2: Strategic Development - The company plans to use IPO proceeds to build lithium-ion battery production facilities in Southeast Asia and establish a research center in Taizhou to enhance battery technology [4]. - Double Power aims to strengthen its international presence and enhance global sales capabilities, viewing the IPO as a step in its internationalization journey [4][12]. Group 3: Business Growth and Financial Performance - The company has successfully transitioned to data center energy storage, which now accounts for 46.7% of its revenue, surpassing the traditional communication storage segment [8]. - Over the past three years, Double Power has consistently reported profits, with net income figures of CNY 281 million, CNY 385 million, and CNY 353 million, demonstrating robust operational stability [8]. Group 4: Future Market Potential - The demand for energy storage in data centers is expected to grow significantly, with projections indicating that data centers will account for 1.5% of global electricity consumption by 2024, potentially doubling by 2030 [10][11]. - The company is targeting international markets, particularly in Singapore and Malaysia, to expand its production capacity and establish a local presence [12].

双登股份表示，其在通信基站储能电池领域的客户包括中国移动、中国联通、中国电信、中国铁塔、爱 立信、沃达丰及挪威电信等，数据中心储能电池领域的客户包括阿里巴巴、京东、百度、秦淮数据、万 国数据等。截至2024年末，公司服务了全球十大通信运营商及设备商中的五家，全球百大通信运营商及 设备商以及中国五大通信运营商及设备商中的30%。 欲海外扩产，押注数据中心领域 8月26日，弃A转H的双登股份登陆港股首日大涨31.29%，收于19.05港元/股，总市值79.4亿港元。 2011年成立于江苏泰州的双登股份，主营大数据及通信领域能源存储业务，也即用于数据中心与通信基 站的储能电池。公司曾计划在深交所创业板上市，拟募资15.75亿元，2023年6月IPO申请获得受理，但 经历一次问询后，最终选择在2024年4月撤回了申请。A股折戟后，双登股份转战港股，于2024年8月递 交招股书。 大客户加持，客户包括三大运营商及阿里、京东等 2022年至2024年，双登股份分别实现收入40.72亿元、42.60亿元、44.99亿元。公司的盈利出现波动，过 去三年净利润分别为2.81亿元、3.85亿元、3.53亿元，毛利率分别为16.9 ...

Core Viewpoint - The company, Shuangdeng Co., Ltd., has successfully listed on the Hong Kong Stock Exchange, becoming the first stock in the AIDC (Automatic Identification and Data Capture) energy storage sector, with a strong market response and significant growth potential in the energy storage industry [2][3]. Company Overview - Shuangdeng Co., Ltd. is headquartered in Taizhou, Jiangsu Province, focusing on energy storage solutions in the big data and communication sectors [2]. - The company achieved a market share of 11.1% in global communication and data center energy storage battery suppliers, ranking first in shipment volume in 2024 according to Frost & Sullivan data [2]. Financial Performance - The company reported steady revenue growth from 2022 to 2024, with revenues of approximately 4.072 billion yuan, 4.26 billion yuan, and 4.499 billion yuan, respectively. Net profits for the same period were around 281 million yuan, 385 million yuan, and 353 million yuan [3]. - The revenue from the data center business is increasing significantly, with figures of approximately 764 million yuan, 900 million yuan, and 1.392 billion yuan from 2022 to 2024. In the first five months of 2025, data center revenue reached 873 million yuan, accounting for 46.7% of total revenue, surpassing the communication base station business [5]. Strategic Initiatives - The company plans to use the funds raised from the IPO to build lithium-ion battery production facilities in Southeast Asia, develop a research center in Taizhou focusing on enhancing battery life and solid-state batteries, and strengthen overseas sales to enhance global influence and better serve international customers [5]. Leadership Insights - The Chairman and CEO, Yang Rui, highlighted the company's strategic positioning amidst the waves of artificial intelligence and global energy demand, aiming to become a key player in the energy ecosystem for intelligent computing centers [3].

格隆汇8月26日丨双登股份(06960.HK)公告，公司将于2025年8月29日(星期五)举行董事会会议，藉以(其 中包括)考虑并批准公司及其附属公司截至2025年6月30日止6个月未经审计的中期业绩及其刊发，并考 虑派发中期股息(如有)，以及处理其他事项。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 SHUANGDENG GROUP CO., LTD. 雙登集團股份有限公司 於本公告日期，董事會由執行董事楊銳博士、楊寶峰博士及賀蓉女士；非執行董事 錢善高先生；及獨立非執行董事殷俊明博士、王進博士及王熹博士。 雙登集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零 二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）考慮並批准本公司 及其附屬公司截至二零二五年六月三十日止六個月之未經審計的中期業績及其刊 發，並考慮派發中期股息（如有），以及處理其他事項。 承董事會命 雙登集團股份有限公司 執行董事、首席執行官兼董事長 楊銳 香港，二零二五年八月二十六日 （於中華人民共和國註冊成立的股份有限公司） （股份代號：06960） 董事會會議召開日期 ...

Core Viewpoint - The listing of Shuangdeng Group on the Hong Kong Stock Exchange marks a significant milestone for the company, which holds an 11.1% global market share in the communication and data center energy storage battery market, positioning it as a leader in the sector [1] Group 1: IPO and Market Performance - Shuangdeng Group's IPO involved the global issuance of 58,557,000 H-shares at a price of HKD 14.51 per share, raising approximately HKD 756 million [1] - On its first trading day, the stock opened at HKD 22.50, a 55.1% increase from the issue price, and closed at HKD 19.80, reflecting a 36.5% rise [1] Group 2: Industry Growth and Demand - The global energy transition and the surge in AI computing demand are driving unprecedented growth in the energy storage industry, with a projected compound annual growth rate (CAGR) of 44.3% from 2024 to 2030 [2] - The number of global communication base stations is expected to increase from 21 million in 2024 to 43.9 million by 2030, leading to a rise in energy storage capacity from 43.9 GWh to 100.2 GWh during the same period [2] Group 3: Data Center Expansion - Data centers are experiencing rapid growth, with their share of global electricity consumption projected to rise from 4.0% in 2024 to 10.1% by 2030, driven by the demand for high-capacity data centers [3] - The global data center energy storage capacity is expected to grow from 16.5 GWh in 2024 to 209.4 GWh by 2030 [3] Group 4: Company Positioning and Technology - Shuangdeng Group has established itself as a leader in the energy storage market, ranking first in global communication base station energy storage with a market share of 9.2% and leading in data center energy storage among Chinese companies with a 16.1% market share [3] - The company has diversified its technology portfolio, developing products from traditional lead-acid batteries to advanced lithium and sodium technologies, positioning itself to meet future energy storage demands [5][6] Group 5: Financial Performance and Business Growth - From 2022 to 2024, Shuangdeng Group's revenue grew from RMB 4.072 billion to RMB 4.499 billion, with a significant increase in data center business revenue from RMB 765 million to RMB 1.392 billion, reflecting a CAGR of 34.9% [7][8] - In the first five months of 2025, the data center business revenue reached RMB 873 million, a nearly 120% increase year-on-year, surpassing traditional communication base station revenue for the first time [8] Group 6: Strategic Fund Utilization - Approximately 40% of the IPO proceeds will be used to establish lithium-ion battery production facilities in Southeast Asia, while 35% will fund a research center in Taizhou focused on enhancing battery lifespan and developing new technologies [10] - The company aims to strengthen its global presence and service capabilities through 15% of the funds allocated for overseas sales and marketing [10][11]

Core Viewpoint - Shuangdeng Co., Ltd. has officially listed on the Hong Kong Stock Exchange, becoming the first stock in the AIDC energy storage sector, with a strong commitment to building an energy ecosystem for intelligent computing centers [2][5]. Company Overview - Shuangdeng Co., Ltd. is a leading provider of energy storage solutions in the data and communication sectors, with a market share of 11.1% in global communication and data center energy storage battery suppliers, ranking first in shipment volume in 2024 [5][7]. - The company aims to leverage the growth of artificial intelligence and the increasing global energy demand to enhance its international competitiveness [5][6]. IPO Details - The IPO price was set at 14.51 HKD per share, with a total of 58.557 million shares issued, raising approximately 756 million HKD. The public offering saw a subscription rate exceeding 3800 times, with only a 0.06% chance of winning a single lot [5][6]. - On the first day of trading, the stock opened over 55% higher and closed with a gain of 31.29%, reaching a market capitalization of nearly 8 billion HKD [2][3]. Business Strategy - The company plans to use the IPO proceeds to build lithium-ion battery production facilities in Southeast Asia and establish a research center in Taizhou to develop advanced battery technologies [6][20]. - Shuangdeng Co. is focusing on expanding its international presence, with recent investments in Singapore and Malaysia, and aims to enhance its global influence and service capabilities [20][21]. Market Position and Growth - Shuangdeng Co. has demonstrated strong financial performance, with consistent profitability over the past three years, and a lower asset-liability ratio compared to industry averages [16]. - The company is positioned to capitalize on the growing demand for energy storage in data centers, with its revenue from this segment surpassing that from communication storage for the first time [14][16]. Future Outlook - The energy storage market is expected to grow significantly, with data centers projected to consume 1.5% of global electricity by 2024, potentially doubling by 2030 [17][18]. - Shuangdeng Co. aims to transition from a backup power role to a primary energy supply role for data centers, aligning with the increasing integration of renewable energy sources [17][18].

Market Overview - The Hong Kong stock market failed to maintain its strong performance from the previous day, with all three major indices experiencing a collective adjustment. The Hang Seng Index fell by 1.18% or 304.99 points, closing at 25,524.92 points, with a total trading volume of HKD 31.78 billion. The Hang Seng China Enterprises Index decreased by 1.07% to 9,148.66 points, while the Hang Seng Tech Index dropped by 0.74% to 5,782.24 points [1] Blue-Chip Stocks Performance - CSPC Pharmaceutical Group (01093) led the decline among blue-chip stocks, falling by 4.33% to HKD 10.38, with a trading volume of HKD 1.797 billion, contributing a loss of 6.04 points to the Hang Seng Index. Bank of America Securities reported a 14.3% year-on-year decline in total revenue for CSPC in Q2, with attributable net profit down 24% to RMB 1.1 billion. The firm revised its revenue forecasts for 2025 to 2027 down by 25%, 2%, and 11% respectively [2] Sector Highlights - Large technology stocks mostly declined, with Alibaba down 2.57% and Tencent down 0.81%. Gold stocks surged, with China Gold International rising over 10%. Apple is expected to initiate a three-year innovation cycle, boosting related stocks like Lens Technology, which rose over 5%. Gaming stocks and some new consumption concepts performed well, with Melco International Development up over 9% [3][5] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell indicated rising downside risks in the U.S. labor market, suggesting a potential policy adjustment could be appropriate. This statement is seen as a strong signal for a possible interest rate cut as early as September. The market reacted positively, particularly for precious metals, with expectations for further increases in gold prices [4] Gaming Sector Performance - The gaming sector continued its upward trend, with Melco International Development rising 9.27% to HKD 5.54. According to JPMorgan, Macau's gaming revenue for the first 24 days of August reached MOP 17.65 billion, with a daily average of MOP 735 million, reflecting a 9% increase from the previous week [6] Pharmaceutical Sector Challenges - The pharmaceutical sector faced pressure, with several stocks declining. Notably, CStone Pharmaceuticals (09966) fell 6.74% to HKD 10.24. U.S. President Trump's announcement to drastically reduce drug prices could create significant challenges for the global pharmaceutical industry, presenting both opportunities and risks for Chinese biotech stocks [6] Notable Stock Movements - Double Ended Co. (06960) debuted with a 31.29% increase, closing at HKD 19.05. The company focuses on energy storage solutions in the data and communication sectors, with a projected market share of 11.1% by 2024 [7] - Kingsoft Holdings (03918) reached a new high, rising 17.94% to HKD 5.72, reporting a 16.76% year-on-year revenue increase to USD 342 million [8] - Angelalign Technology (06699) saw a 10.28% increase to HKD 75.1, with a 33.1% year-on-year revenue growth reported [9] - Meitu Inc. (01357) rose 7.9% to HKD 11.47 after being included in the MSCI China Index, with Morgan Stanley expressing confidence in its long-term growth potential [10] - Xintai Medical (02291) experienced a significant drop of 12.75% to HKD 23.96 following a major shareholder's sale of shares [11]

Core Viewpoint - Shuangdeng Group Co., Ltd. (referred to as "Shuangdeng") has successfully listed on the Hong Kong Stock Exchange, with an opening price of HKD 22.50 and a closing price of HKD 19.05, reflecting a 31.29% increase from the final offering price of HKD 14.51 [1][2]. Group 1: Company Overview - Shuangdeng specializes in energy storage solutions within the big data and communication sectors, focusing on the design, research and development, manufacturing, and sales of energy storage batteries and systems [1]. - The company issued a total of 58,557,000 H shares globally, with 5,856,000 shares allocated for public sale in Hong Kong and 52,701,000 shares for international sale [2][5]. Group 2: Financial Details - The total proceeds from the global offering amounted to HKD 849.66 million, with net proceeds of HKD 756.26 million after deducting estimated listing expenses of HKD 93.40 million [2][3]. - Shuangdeng plans to utilize the net proceeds for establishing a lithium-ion battery production facility in Southeast Asia, funding a research and development center, enhancing overseas sales and marketing, and general corporate purposes [3][4]. Group 3: Investor Information - The cornerstone investor, Sanshui Venture Capital Co., Limited, received 16,453,500 shares, representing 28.10% of the total shares offered and 11.58% of the total issued H shares post-offering [5][6]. Group 4: Financial Performance - Shuangdeng's revenue for the years 2022, 2023, and 2024 was RMB 4,072.5 million, RMB 4,259.8 million, and RMB 4,498.5 million, respectively. For the five months ending May 31, 2024, the revenue was RMB 1,394.2 million, with a projected revenue of RMB 1,866.6 million for the same period in 2025 [6][8]. - The net profit for the same years was RMB 281.0 million, RMB 385.2 million, and RMB 353.3 million, with net profits of RMB 139.7 million and RMB 126.7 million for the five months ending May 31, 2024, and 2025, respectively [7][8].

双登股份董事长杨锐在上市仪式上表示："双登股份深耕能源领域数十载，见证了中国储能产业与全球 智算浪潮的交汇融合。从早期的电池技术研发到如今的智算能源生态构建，我们始终紧跟时代脉搏，离 不开各级政府、全球投资者及合作伙伴的鼎力支持，更要向以创始人杨善基为代表的双登卓越团队致以 崇高的敬意。" 双登股份将智算中心储能的先发优势与全球能源需求深度融合，构建起差异化、高壁垒的国际竞争力。 公司表示，未来将以香港为桥梁，努力成为国际资本市场值得信赖的价值伙伴；进一步完善公司治理， 立志成为AIDC智算中心能源生态的构建者，用更优质的解决方案和持续增长的业绩，回馈所有信任与 支持者。 中证报中证网讯（王珞）8月26日，双登集团股份有限公司（证券简称：双登股份，股份代码： 06960.HK）首次公开发行H股上市仪式在香港联合交易所举行。招股期间，公司国际配售18.75倍，个 人投资者认购倍数达3886倍。 ...