Core Viewpoint - The company, Shuangdeng Group Co., Ltd., has successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 756.3 million through the issuance of 58,557,000 H shares at a price of HKD 14.51 per share, with plans to invest in lithium-ion battery production facilities and R&D centers to enhance its market position in the energy storage sector [1][6]. Group 1: Company Overview - Shuangdeng Group is a leading global provider of energy storage batteries for data centers and communication base stations, with a diverse product range including communication base station storage, data center storage, and power storage applications [5]. - The company has established strong partnerships with nearly 30 of the world's top 100 telecom operators and equipment manufacturers, including major Chinese operators and international firms like Ericsson and Vodafone [5][6]. - As of December 31, 2024, Shuangdeng Group served 80% of China's top ten self-owned data center enterprises and 90% of the top ten third-party data center enterprises [5]. Group 2: Market Position and Growth - The data center business of Shuangdeng Group has seen significant growth, with revenue from this segment increasing nearly 120% from RMB 397 million to RMB 872.9 million in the five months ending May 31, 2025, making it the company's largest revenue source [7]. - The global data center electricity consumption is projected to rise from 4.0% in 2024 to 10.1% by 2030, highlighting the increasing demand for energy storage solutions as a critical component of infrastructure supporting AI and big data technologies [6]. Group 3: Research and Development - Shuangdeng Group has established R&D centers in multiple locations, focusing on improving the safety, cost efficiency, and performance of energy storage batteries, with a total of 353 patents, including 111 invention patents [8][9]. - The company actively participates in setting national and industry standards, having contributed to the development of international and national standards in the energy storage sector [8]. - Shuangdeng Group is also developing sodium-ion battery systems and solid-state battery technologies, collaborating with leading experts and institutions to enhance its product offerings and technological capabilities [9].
AIDC智算中心储能第一股丨双登股份于香港联合交易所主板成功上市