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].
双登股份港股募资8.5亿港元首日涨31% 近1年1期净利降