Core Viewpoint - The stock of Shuangdeng Co., Ltd. (06960) surged over 10% on its second day of trading, closing up 31.29% on the first day, indicating strong market interest and investor confidence in the company’s prospects [1] Company Overview - Shuangdeng Group is a leading company in the energy storage business within the big data and communications sector, focusing on the design, research and development, manufacturing, and sales of energy storage batteries and systems [1] - According to data from Frost & Sullivan cited in the prospectus, the company ranks first in global shipments of energy storage batteries for communications and data centers in 2024, with a market share of 11% [1] Client Base - The company serves five of the world's top ten telecommunications operators and equipment manufacturers, with nearly 30% of the top 100 global telecommunications operators and equipment manufacturers as clients, as well as all five major telecommunications operators in China [1] - Shuangdeng provides services to 80% of the top ten proprietary data center companies in China and 90% of the top ten third-party data center companies [1] Notable Clients - Key clients include China Mobile, China Unicom, China Tower, Ericsson, Vodafone, Telenor, Alibaba, JD.com, Baidu, Qinhuai Data, and GDS [1] IPO Performance - The IPO of Shuangdeng Co., Ltd. generated significant interest, with the public offering receiving 3,876 times oversubscription and the international offering achieving 18.75 times oversubscription [1] - The company also received strategic backing from local state-owned assets in Taizhou, which participated as cornerstone investors, reflecting the local government's recognition of its industry position [1]