“AI+储能”龙头企业果下科技在港开启招股，拟16日上市

Core Viewpoint - Guoxia Technology is set to launch an IPO on the Hong Kong Stock Exchange from December 8 to December 11, 2025, offering 33.85 million shares at HKD 20.10 each, making it the cheapest new stock on the exchange this year [1] Group 1: Company Overview - Guoxia Technology, established in 2019, is a renewable energy solutions provider driven by platform technology and artificial intelligence, focusing on the research, production, and sales of energy storage systems [1] - The company’s business covers various application scenarios, including power side, grid side, commercial, industrial, and residential sectors, offering intelligent energy storage system solutions, EPC services, and related product sales [1] Group 2: Fundraising and Use of Proceeds - The funds raised from the IPO will primarily be used to enhance R&D capabilities, including AI computing power development and differentiated technology development domestically and internationally [1] - The company plans to expand energy storage system production capacity and establish a network of overseas operational service centers, with plans to set up 10 centers in Europe and Africa by 2026-2027 [1] - Additional funds will be allocated to supplement working capital [1] Group 3: Market Position and Financial Performance - According to a report by Zhaosheng Consulting, Guoxia Technology ranks as the eighth largest energy storage system supplier in China by global newly installed multi-purpose energy storage system capacity for 2024, and ranks tenth globally by household energy storage system shipment volume [1] - Financial data shows that revenue grew rapidly from CNY 142 million in 2022 to CNY 1.026 billion in 2024, with CNY 691 million achieved in the first half of 2025 [2] - The net profit figures for the same period were CNY 24 million, CNY 28 million, CNY 49 million, and CNY 6 million, while gross margin decreased from 25.11% in 2022 to 12.48% in the first half of 2025 [2] - The core revenue source remains the intelligent energy storage system solutions, consistently accounting for over 90% of total revenue, with significant growth in large-scale energy storage system business [2]