Core Viewpoint - The company, Xiamen Hichain Energy Technology Co., Ltd., is expected to restart its IPO process in Hong Kong by the end of the year after its initial application expired due to the six-month deadline, aiming to finance its global expansion and accelerate its energy storage system business growth [3][4]. Group 1: Company Overview - Founded in 2019, the company provides energy storage batteries and systems for residential, commercial, and industrial users, holding approximately 11% of the global market share, ranking third in the industry [4]. - The company has experienced a remarkable average annual growth rate of 167% in shipment volume from 2022 to 2024, with a projected delivery scale of 35.1 GWh in 2024 [4]. Group 2: Market Performance - The energy storage sector is currently performing well in the capital market, driven by strong growth prospects and policy incentives, attracting significant investor interest [3]. - The global energy storage market is expected to exceed 1,000 GWh annually by 2030, according to third-party market data cited in the company's prospectus [3]. Group 3: Financial Performance - The company achieved a revenue of 12.9 billion yuan (approximately 1.81 billion USD) last year, a 26% increase from 10.2 billion yuan in 2023, with the high-margin energy storage system business revenue growing over 100% from 1.97 billion yuan to 4.67 billion yuan [5]. - The overseas sales proportion surged from 1% in 2023 to 28.6% last year, with a significant supply agreement worth approximately 2.6 billion yuan with Saudi Electricity Company reached in August [5]. - The company recorded an adjusted net profit of 318 million yuan last year, marking a significant milestone in profitability [5].
新闻概要:海辰储能有望继续推进香港IPO进程
Xin Lang Cai Jing·2025-10-08 23:31