双登股份通过港交所上市聆讯，将成AIDC配套储能第一股

Core Insights - The article highlights that Shuangdeng Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange, making it the first stock in the AIDC supporting energy storage sector in Hong Kong [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 serves five of the world's top ten telecommunications operators and equipment manufacturers, nearly 30% of the top 100 global telecommunications operators and equipment manufacturers, as well as all five major telecommunications operators in China [1] Market Position - The company has achieved significant market penetration, servicing 80% of the top ten self-owned data center enterprises in China and 90% of the top ten third-party data center enterprises [1] - According to Frost & Sullivan, Shuangdeng Co., Ltd. ranked first among Chinese companies in terms of shipment volume in the global data center energy storage market in 2024, capturing a market share of 16.1% [1] Financial Performance - The company's revenue increased from RMB 1.3492 billion for the five months ending May 31, 2024, to RMB 1.8666 billion for the five months ending May 31, 2025, driven by growing demand for data storage and processing capabilities [1] - Sales revenue from the data center business surged from RMB 397 million for the five months ending May 31, 2024, to RMB 872.9 million for the five months ending May 31, 2025, representing an increase of nearly 120% [1] - As of the last feasible date, the company's data storage products have been applied in hundreds of data centers [1]