Sou Hu Cai Jing·2026-02-09 10:33Core Viewpoint - The energy storage industry is experiencing a surge in companies planning to go public in Hong Kong, marking the beginning of a "storage IPO wave" as multiple firms submit their applications for listing [1][14]. Group 1: Company Listings - Companies such as Yihui Lithium Energy, Huasheng Lithium Battery, and Deye have announced plans to issue H-shares and list on the Hong Kong Stock Exchange, reflecting a strategic move to enhance their international presence and financing options [1][4][6]. - Yihui Lithium Energy aims to raise funds primarily for its 30GWh power battery project in Hungary, which is expected to commence production in 2027 [1]. - Huasheng Lithium Battery anticipates a significant profit increase in 2025, projecting a net profit of between 12 million to 18 million yuan, marking a year-on-year growth of 106.87% to 110.30% [2]. Group 2: Financial Performance - Yihui Lithium Energy reported a revenue of 45 billion yuan for the first three quarters of 2025, with energy storage battery revenue reaching 17.069 billion yuan, a year-on-year increase of 37.9% [1]. - Deye achieved a revenue of 8.846 billion yuan and a net profit of 2.347 billion yuan in the first three quarters of 2025, showcasing its strong market position in both residential and commercial energy storage [4]. - Huichuan Technology reported a revenue of 31.663 billion yuan for the first three quarters of 2025, with a net profit of 4.254 billion yuan, reflecting a year-on-year growth of 24.67% and 26.84% respectively [6]. Group 3: Market Trends - The influx of energy storage companies into the Hong Kong market signifies the industry's robust growth and the strategic response of firms to capitalize on global carbon neutrality opportunities [14]. - The competitive landscape is expected to intensify as more companies enter the market, enhancing China's global competitiveness in the energy storage sector [14].