如今，储能行业正经历着前所未有的爆发式增长，灼识咨询报告显示，2022年至2024年，全球储能系统 新增装机容量同比分别猛增83.6%、130.0%及93.5%，预计2024年至2030年复合年增长率仍高达33.1%。 在这场激烈的竞争中，果下科技凭借AI技术的深度融合，成功重构储能价值链，成为全球第八大中国 储能企业，实现了从技术追随者到行业引领者的华丽蜕变。 而就在2025年4月，这家成立仅满六年的江苏无锡企业果下科技在港交所提交IPO，开启港股上市征 程。 为了实现储能市场的弯道超车，果下科技围绕 "AI + 储能" 战略，打造了储能生态产品的全栈技术体 系，形成从设备级控制到系统级优化的完整能力闭环，持续推动储能系统向智能化、平台化、柔性化方 向演进。公司聚焦能量管理优化、电池全生命周期管理、系统级安全架构等关键技术方向，依托江南大 学、上海交通大学、先进储能材料国家工程研究中心等科研机构建立联合研发机制，构建起软硬件协 同、云边端融合的自主研发体系。 果下科技通过设立数字与人工智能能源实验室，推出自研"云- 边-端"能源监管架构将人工智能技术深度 融入调度决策、运行优化与风险防控等核心环节，系统的智 ...

Industry Overview - The renewable energy sector is experiencing rapid growth, with energy storage becoming a critical component for grid stability and reliability [1] - Global energy storage system capacity is projected to grow from 7.1 GWh in 2019 to 174.9 GWh by 2024, representing a compound annual growth rate (CAGR) of 89.8% [1] - By 2030, the capacity is expected to reach 974 GWh, with a forecasted CAGR of 33.1% [1] Company Profile - Guoxia Technology Co., Ltd. has filed for an IPO on the Hong Kong Stock Exchange, positioning itself as a leading provider of AI-driven renewable energy solutions [2] - The company's revenue is projected to increase from 142 million RMB in 2022 to 1.026 billion RMB in 2024, marking a significant growth trajectory [2] - Despite revenue growth, profit margins have not kept pace, with net profit rising from 24.3 million RMB in 2022 to 49.1 million RMB in 2024, indicating a lower growth rate compared to revenue [2][8] Revenue Breakdown - The primary revenue source for Guoxia Technology is its smart energy storage system solutions, which accounted for approximately 97.8% of total revenue in 2024 [3] - Within this segment, large-scale energy storage systems contributed 76.6% of revenue, while household energy storage systems accounted for 20.3% [3][5] - The company has seen a 601.9% year-on-year increase in revenue from large-scale energy storage systems in 2024, driven by increased production capacity and project acquisition [5] Geographic Revenue Distribution - In 2022, over 70% of Guoxia Technology's revenue came from the European market, but by 2024, the domestic market's share rose to nearly 80% [7][8] - Revenue from Africa and Europe accounted for 9.7% and 10.2% respectively in 2024, indicating a shift in market focus [8] Profitability Analysis - Guoxia Technology's gross profit increased from 35.6 million RMB in 2022 to 155 million RMB in 2024, but the gross margin declined from 25.1% to 15.1% during the same period [8][9] - The fluctuation in profitability is attributed to increased market competition and raw material price volatility, particularly the significant drop in lithium carbonate prices since 2023 [9] AI Technology Integration - Guoxia Technology emphasizes the role of AI in enhancing its market position, having developed AI-optimized systems for energy management and predictive maintenance [10] - The company aims to leverage AI technology to maintain competitive advantages and improve operational efficiency [10] Market Position and Future Outlook - The energy storage market is highly competitive, with over 300 suppliers globally, where the top 30 companies account for 90% of new installed capacity [13] - Guoxia Technology's IPO is seen as a strategic move to capitalize on industry growth and enhance its competitive positioning [13]