Sungrow Power Supply(SZ:300274) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-05 15:01Core Viewpoint - Yangguang Electric Power Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange to enhance its global strategy and diversify financing channels [2] Company Overview - Yangguang Electric Power was founded in 1997, focusing on photovoltaic inverters, energy storage systems, new energy investment development, wind power conversion, and hydrogen equipment [3] - The company's main revenue sources are photovoltaic inverters (35.21%), energy storage systems (40.89%), and new energy investment development (19.29%) [3] Recent Developments - The company announced on October 1 that its shareholders approved the issuance of H-shares for listing on the Hong Kong Stock Exchange [2] - Yangguang Electric Power's stock price has surged over 62% in September, with a total market capitalization exceeding 330 billion yuan, making it the largest company by market value in the A-share solar storage sector [3] Fundraising Purpose - The funds raised from the H-share issuance will be used for R&D of new photovoltaic and energy storage products, building and upgrading R&D centers, establishing overseas production bases, accelerating digital transformation, and general corporate purposes [2]