据悉，双登股份是大数据及通信领域能源存储业务的领先公司，专注于设计、研发、制造和销售储能电 池及系统。根据招股书引述弗若斯特沙利文的数据，公司在2024年全球通信及数据中心储能电池供应商 中出货量排名第一，市占率达11%。公司客户包括中国移动、中国联通、中国铁塔、爱立信、沃达丰、 挪威电信、阿里巴巴、京东、百度、秦淮数据、万国数据等。 智通财经APP获悉，双登股份(06960)涨超9%，截至发稿，涨9.05%，报21.8港元，成交额5475.65万港 元。 消息面上，据上海证券报消息，近日，双登股份相关负责人对记者解读，若AIDC能耗增长10倍，则意 味着备电需求也大致增长10倍。更重要的是，随着绿电+储能模式在数据中心逐步推广，储能系统的规 模将远高于传统备电场景，有望为公司打开更广阔的发展空间。除深耕国内市场外，双登股份还通过马 来西亚生产基地服务海外客户，并逐步切入北美等高端市场。 ...

今年3月25日，海辰储能向港交所递交招股申请书，期间的联席保荐人为华泰国际、中信证券、农银国 际、中银国际。截至9月25日，其港股招股书失效。 据港交所规定，企业递交的招股书有效期为6个月，若未在6个月期限内完成上市聆讯，招股书将自动失 效。后续拟上市企业若希望继续推进上市，可选择更新相关财务数据和业务进展信息，并重新提交申 请。 因此，招股书失效属于港交所的正常程序性规则，不应被"粗暴"地解读为IPO"折戟"。但是，在没有完 成证监会备案和港交所聆讯的情况下失效，说明该公司"尚未准备好"或上市进程确实存在一些"关卡"。 三次遭"宁王"专利诉讼 在上市审批过程中，联交所会就拟上市公司的业务模式、关联交易、独立性、法律合规、财务数据等进 行多轮问询。 而在港股IPO关键的聆讯期，海辰储能与万亿"宁王"（宁德时代，300750.SZ）正在就专利侵权等法律纠 纷进行诉讼，这些未决的、可能对公司业务造成重大不利影响的诉讼，也在一定程度影响海辰储能的上 市进程。 继2023年"借壳上市"失败后，海辰储能的第二次资本化尝试再次受阻。 "跑马圈地"下的财务压力 海辰储能成立于2019年，主要产品包括储能电池及系统，覆盖源网 ...

Core Viewpoint - The article discusses the recent developments regarding Haicheng Energy's IPO process, highlighting the company's strong performance in the energy storage sector despite the temporary setback of its prospectus becoming invalid. The company is positioned well for future growth and potential reapplication for IPO. Group 1: Company Performance - Haicheng Energy has shown significant growth since its establishment in 2019, with a compound annual growth rate (CAGR) of 167% in battery shipments over the past three years, reaching 35.1 GWh in 2024, ranking third globally in the energy storage market [2][9] - The company's revenue has increased from 3.615 billion yuan in 2022 to 12.917 billion yuan in 2024, with a net profit of 288 million yuan in 2024, marking its first profitable year [2][9] - The production facilities are operating at full capacity, with orders extending into September and October, indicating strong market demand for energy storage products [3][9] Group 2: Product and Technology - Haicheng Energy focuses exclusively on the energy storage market, offering a comprehensive range of products and solutions tailored to various applications, including residential, commercial, and long-duration storage [4][5] - The company has developed a sodium-ion battery specifically for energy storage, which boasts significant advantages in performance and efficiency [5] - As of December 2024, Haicheng Energy has filed over 3,900 patents, including more than 100 in the large-capacity battery sector, showcasing its commitment to innovation and technology advancement [10] Group 3: Market Strategy - The company employs a differentiated business model, selling battery cells to system integrators domestically while focusing on complete energy storage systems and solutions in international markets [6][7] - In 2024, overseas revenue accounted for 28.6% of total income, with a significant increase in overseas sales from 1% in 2023 to 29% in 2024, indicating successful international expansion [7][8] - Haicheng Energy's strategy includes deepening its presence in North America, targeting emerging markets, and gradually entering the European market, enhancing its competitive edge [7][8] Group 4: IPO Process - The invalidation of Haicheng Energy's IPO prospectus is viewed as a normal occurrence in the listing process, and the company can reapply with updated financial data [9] - Despite the setback, the company's strong market position and growth potential suggest that it can successfully navigate the IPO process in the future [9][10] - The ongoing global energy transition presents a favorable market environment for Haicheng Energy, which could enhance its prospects for a successful IPO [10]

风云变幻的资本市场中，正全力冲击港股 IPO 的海辰储能近日遭遇招股书失效状况，引发市场各方关 注与猜测。 招股书失效，对于任何一家怀揣上市梦想的企业而言，无疑都是一个不小的挫折。据了解，招股书失效 属于港交所的流程机制，受目前赴港上市公司数量大幅增加影响，招股书失效已成常态化现象。 然而，将目光聚焦于海辰储能近年来在储能行业的整体表现，就会发现这一波折并未掩盖其在行业内的 重要地位。 海辰储能全称厦门海辰储能科技股份有限公司，自成立以来，这家公司便凭借自身在储能领域的独特布 局与快速发展，吸引了资本市场的广泛关注，成为储能行业的强劲新势力。 尽管港股 IPO 招股书失效这一状况引发了市场的一些猜测，但综合公司各方面表现来看，其未来上市 之路仍有想象空间。 上半年满产，产能利用率持续攀升 海辰储能成立于2019年，公司产品组合丰富，主要包括储能电池及系统，应用场景广泛，覆盖源网侧、 数据中心、工商业及居民家庭等各类储能需求。根据权威咨询机构灼识咨询的资料，在全球锂离子储能 电池出货量达到GWh级别以上的企业中，海辰储能是唯一一家专注储能领域的企业。 目前，海辰储能业务已覆盖超过20个国家和地区，为20多个国家 ...

Core Viewpoint - The recent invalidation of the IPO prospectus for Haicheng Energy Storage has raised concerns, but the company's strong position in the energy storage industry remains intact, indicating potential for future growth and listing opportunities [1][8]. Company Performance - Haicheng Energy Storage, established in 2019, has a diverse product portfolio including energy storage batteries and systems, serving various applications across over 20 countries and regions [2][6]. - The company achieved a battery shipment volume of 35.1 GWh in 2024, with a remarkable compound annual growth rate (CAGR) of 167% over the past three years, ranking third globally in the energy storage market [2][8]. - Revenue figures for Haicheng Energy Storage from 2022 to 2024 are as follows: 3.615 billion yuan, 10.202 billion yuan, and 12.917 billion yuan, with gross profits of 410 million yuan, 1.238 billion yuan, and 2.309 billion yuan respectively. Notably, the company turned a profit in 2024 with a net profit of 288 million yuan [2][8]. Production Capacity and Efficiency - The company’s production facilities, including the Southwest Intelligent Manufacturing Center in Chongqing, are operating at full capacity, with orders scheduled through September and October [3]. - The fourth-generation lithium battery production line has improved efficiency by 30% and reduced manufacturing costs by 25%, showcasing significant advancements in production technology [3]. Business Model and Market Strategy - Haicheng Energy Storage focuses exclusively on the energy storage sector, allowing it to concentrate resources and develop a comprehensive capability from material systems to product systems and integrated solutions [4][5]. - The company employs a differentiated business model, supplying battery cells to system integrators domestically while offering complete energy storage systems and solutions internationally, capitalizing on varying market conditions [5][6]. International Expansion - The company has made significant strides in expanding its overseas market presence, with international revenue accounting for 28.6% of total revenue in 2024, a substantial increase from 1% in 2023 [6][7]. - Haicheng Energy Storage's strategy includes establishing a factory in Texas for localized production to enhance competitiveness in the North American market, while also targeting emerging markets in the Middle East and Southeast Asia [6][7]. Technological Innovation - The company has invested heavily in research and development, with over 3,900 global patent applications filed by the end of 2024, including more than 100 patents in the large-capacity battery sector [9]. - The introduction of innovative products such as the ∞Cell 1175Ah battery and the sodium-ion battery ∞Cell N162Ah demonstrates the company's commitment to meeting diverse energy storage needs [5][9]. Market Outlook - The global energy storage market is expected to experience explosive growth, providing favorable conditions for Haicheng Energy Storage to enhance its market position and potentially succeed in its IPO efforts [10].

Core Viewpoint - The company, 双登股份, has reported significant growth in its mid-year performance, particularly in its AIDC data center energy storage business, indicating a strategic shift in its business model from traditional communication storage to new AIDC storage solutions [1] Financial Performance - The company achieved a revenue of 2.246 billion yuan in the first half of the year, representing a year-on-year increase of 26.21% [1] - The profit attributable to the company's owners was 161 million yuan during the same period [1] Business Growth - The AIDC data center energy storage business experienced explosive growth, with revenue increasing by 113.1% compared to the same period last year, surpassing the revenue from communication storage for the first time [1] - This growth marks a critical transformation in the company's business structure towards leading in new AIDC storage solutions [1] Market Position - According to publicly available data, the company is a leading player in the energy storage business within the big data and communication sectors, focusing on the design, research, development, manufacturing, and sales of energy storage batteries and systems [1] - The company is projected to rank first in global shipments of communication and data center energy storage batteries in 2024, with a market share of 11% [1] - The company serves five of the world's top ten communication operators and equipment manufacturers, with nearly 30% of the top 100 global communication operators and manufacturers as clients [1] - It also provides services to 80% of China's top ten proprietary data center companies and 90% of the top ten third-party data center companies [1]

Core Viewpoint - The company, Shuangdeng Co., Ltd. (06960), has reported significant growth in its mid-year performance, particularly in its AIDC data center energy storage business, indicating a strategic shift in its business model from traditional communication storage to new AIDC storage solutions [1] Financial Performance - The company achieved a revenue of 2.246 billion yuan in the first half of the year, representing a year-on-year increase of 26.21% [1] - The profit attributable to the company's owners was 161 million yuan during the same period [1] Business Growth - The AIDC data center energy storage business experienced explosive growth, with revenue increasing by 113.1% compared to the same period last year, surpassing the revenue from traditional communication storage for the first time [1] - This growth marks a critical transformation in the company's business structure towards leading in new AIDC storage solutions [1] Market Position - Shuangdeng Group is a leading company in the energy storage business within the big data and communication sectors, focusing on the design, research, development, manufacturing, and sales of energy storage batteries and systems [1] - According to data cited from Frost & Sullivan, the company is projected to rank first in global shipments of communication and data center energy storage batteries in 2024, with a market share of 11% [1] Client Base - The company serves five of the world's top ten communication operators and equipment manufacturers, with nearly 30% of the global top 100 communication operators and equipment manufacturers as clients [1] - It also services 80% of China's top ten proprietary data center enterprises and 90% of the top ten third-party data center enterprises in China [1]

Group 1 - The core viewpoint of the news is that Shuangdeng Group Co., Ltd. successfully completed its initial public offering and listed on the Hong Kong Stock Exchange on August 26, 2025 [2] - CICC, Huatai International, and Jianyin International acted as joint sponsors for the IPO [2] - Zhonglun Law Firm provided comprehensive legal services for the listing project, receiving recognition from clients and various parties involved [2] Group 2 - Shuangdeng Group is a leading company in the energy storage business within the big data and communications sector, focusing on the design, research, manufacturing, and sales of energy storage batteries and systems [3] - As of December 31, 2024, Shuangdeng Group served five of the world's top ten telecommunications operators and equipment manufacturers, nearly 30% of the top 100 global telecommunications operators and equipment manufacturers, as well as all five major telecommunications operators in China [3] - Shuangdeng Group has an average service duration of over ten years for its five major clients in 2022, 2023, and 2024 [3] - According to Frost & Sullivan, Shuangdeng Group ranked first in global shipments among energy storage battery suppliers for telecommunications and data centers in 2024, with a market share of 11.1% [3] - In terms of newly installed capacity, Shuangdeng Group ranked twelfth among global energy storage battery suppliers in 2024, with a market share of 2.5% [3]

Group 1 - The core viewpoint of the article highlights the successful listing of Shuangdeng Group Co., Ltd. on the Hong Kong Stock Exchange, marking it as a significant event in the manufacturing sector [1] - Shuangdeng Group is recognized as a global leader in energy storage business within the big data and communication fields, focusing on the design, research, manufacturing, and sales of energy storage batteries and systems [1] - The company aims to invest in the construction of lithium-ion battery production bases in Southeast Asia, upgrade its research and development centers, and expand into overseas markets [1] Group 2 - The stock code for Shuangdeng Group is 06960.HK, and it has achieved a record low subscription rate of 0.02%, the lowest in Hong Kong stock history [1] - In 2024, Shuangdeng Group is projected to rank first among Chinese suppliers in the shipment volume of energy storage batteries for data center applications, capturing a market share of 16.1% [1]

Core Viewpoint - The stock of Shuangdeng Co., Ltd. (06960) surged over 10% on its second day of listing, closing up 31.29% on the first day, indicating strong market interest and investor confidence in the company’s prospects in the energy storage sector [1] Company Overview - Shuangdeng Group is a leading company in the energy storage business within the big data and communications field, focusing on the design, research and development, manufacturing, and sales of energy storage batteries and systems [1] - According to the prospectus citing Frost & Sullivan data, 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 top ten global telecommunications operators and equipment manufacturers, with nearly 30% of the world's top 100 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 self-owned data center enterprises in China and 90% of the top ten third-party data center enterprises [1] - Notable 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 an oversubscription of 3,876 times and the international offering being oversubscribed by 18.75 times [1] - The company also received strategic backing from local state-owned assets in Taizhou as cornerstone investors, reflecting the local government's recognition of its industry position [1]