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].
港股迎来“智算中心储能第一股” 解码双登股份AI能源新蓝图