Group 1 - The core viewpoint of the article highlights the strategic partnership between Haicheng Energy Storage and BOS Power to deploy a total of 3GWh of energy storage systems in Denmark, Sweden, Finland, and Norway by 2027 [3][4] - The first project under this agreement has already commenced construction in Denmark, marking Haicheng Energy Storage's entry into the Nordic market [4] - Haicheng Energy Storage is focusing on long-duration energy storage, with innovations such as the ∞Power 6.25MWh 4h energy storage system and the ∞Cell N162Ah sodium-ion battery, which are designed to support grid stability and renewable energy integration [4] Group 2 - Haicheng Energy Storage has gained global recognition for its long-duration energy storage solutions, recently signing contracts for two large-scale energy storage projects in Saudi Arabia with a total capacity of 1GW/4GWh [4] - The company has also established strategic partnerships with other firms, such as Yishite and Israel's El-Mor, to accelerate the deployment of long-duration energy storage systems globally [4] - The article mentions the growing trend in the industry towards long-duration energy storage solutions, which are becoming increasingly important for energy management [4]

Core Insights - The article discusses the strategic partnerships and projects of Hai Chen Energy in the energy storage sector, highlighting its expansion into the Nordic and Middle Eastern markets [1][4]. Group 1: Partnerships and Projects - On September 5, Hai Chen Energy signed a cooperation agreement with BOS Power to deploy a total of 3GWh of energy storage systems in Denmark, Sweden, Finland, and Norway by 2027 [1][3]. - The agreement includes a range of energy storage projects with individual capacities of 30MWh and above, with Hai Chen Energy providing advanced DC-side storage systems [3]. - In August, Hai Chen Energy signed contracts with Saudi Electricity Company and Alpha Group to construct two large-scale storage projects in Saudi Arabia, totaling 1GW/4GWh [4]. Group 2: Market Expansion - Hai Chen Energy has established strategic partnerships with various companies, including Yishite and Israel's El-Mor, to accelerate the deployment of long-duration energy storage systems globally [5]. - As of now, Hai Chen Energy has publicly disclosed major energy storage orders exceeding 33GWh since 2025 [5]. Group 3: Project Details - The first project under the BOS Power agreement has already commenced construction in Denmark, marking Hai Chen Energy's official entry into the Nordic market [3]. - A detailed table outlines various partnerships and project scales, including a 4GWh project with Saudi Electricity Company and a 1GWh project in Pakistan [6].

Core Viewpoint - Haicheng Energy has submitted its listing application to the Hong Kong Stock Exchange, aiming to become a leading global brand in energy storage solutions [1] Company Overview - Established in 2019, Haicheng Energy focuses on energy storage batteries and systems, catering to various applications including grid-side, data centers, commercial, and residential needs [2] - The company has developed a comprehensive R&D capability across the entire energy storage value chain, including materials, batteries, systems, and solutions [2] - Haicheng Energy has launched several industry-leading energy storage products, including various specialized batteries and energy storage systems [2] Market Position and Growth - Haicheng Energy has achieved a significant milestone by ranking third globally in lithium-ion energy storage battery shipments, with a shipment volume of 35.1 GWh in 2024, reflecting a compound annual growth rate (CAGR) of 167% over the past three years [3] - The company's revenue has surged from 3.615 billion yuan in 2022 to 12.917 billion yuan in 2024, with a CAGR of 89% [3] Profitability and Financial Performance - The gross profit and gross margin of Haicheng Energy have shown consistent growth from 410 million yuan and 11.3% in 2022 to 2.309 billion yuan and 17.9% in 2024, respectively [4] - The company achieved a net profit of 288 million yuan in 2024, marking a turnaround from previous losses [4] Global Expansion Strategy - Haicheng Energy has expanded its business to over 20 countries and regions, becoming the only company focused solely on energy storage in the GWh-level lithium-ion battery shipment category [3] - The company has successfully established a presence in key global markets, including the U.S. and Europe, and is recognized for its localized operations and product offerings [4][6] Industry Trends - The global energy storage market is experiencing sustained growth, driven by the transition to a green and low-carbon energy structure [7] - The demand for long-duration energy storage solutions is increasing, with projections indicating that the share of lithium-ion batteries used for long-duration storage will rise significantly by 2030 and 2050 [7] Future Plans and Fund Utilization - The funds raised from the IPO will primarily be used to enhance production capacity, invest in R&D, and support global sales and service networks for overseas expansion [8] - Haicheng Energy aims to leverage its technological advancements and market expansion opportunities to solidify its position in the energy storage industry [8]