香港交易及結算所有限公司、香港聯合交易所有限公司與證券及期貨事務監察委員會對本聆訊後資料集的 內容概不負責，對其準確性或完整性亦不發表任何意見，並明確表示概不就因本聆訊後資料集全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sigenergy Technology Co., Ltd. （思格新能源（上海）股份有限公司） （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證 監會」）的要求而刊發，僅用作提供資料予香港公眾人士。 本聆訊後資料集為草擬本，其內所載資料並不完整，亦可能會作出重大變動。閣下閱覽本文 件，即代表閣下知悉、接納並向本公司、本公司的聯席保薦人、整體協調人、顧問或包銷團成 員表示同意： 本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記 前，本公司不會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀 請，有意投資者務請僅依據於香港公司註冊處處長註冊的本公司招股章程作出投資決定，招股 章程的文本將於 ...

Core Viewpoint - Sigenergy Technology Co., Ltd. (Sigenergy), a leading provider of distributed energy storage solutions, has submitted its prospectus for an IPO on the Hong Kong Stock Exchange after two previous applications were invalidated. The company aims to leverage its innovative products and extensive distribution network to capture market share in the renewable energy sector [4][5]. Company Overview - Sigenergy was founded in May 2022 by Xu Yingtong, the former president of Huawei's smart photovoltaic business, and has quickly established itself as a global leader in the distributed energy storage system (DESS) market [6]. - The company offers integrated energy solutions that combine AI and advanced software technologies for solar power generation, energy storage, and charging [6]. Market Position - According to a Frost & Sullivan report, Sigenergy became the world's largest provider of stackable distributed solar-storage integrated solutions by product shipment volume within two years of its establishment, achieving a market share of 28.6% in 2024 [6]. - The flagship product, SigenStor, is the first five-in-one solar-storage-charging integrated machine in the industry, contributing over 90% of the company's total revenue during the reporting period [6][7]. Product and Sales Performance - As of September 30, 2025, Sigenergy had established a broad distribution network with 161 distributors across over 80 countries and regions, becoming a preferred partner for leading distributors in major markets [7]. - The total energy capacity sales of SigenStor reached 2,355 MWh in the first nine months of 2025 [7]. Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first nine months of 2025 were RMB 0, 0.58 billion, 1.33 billion, and 5.64 billion, respectively, with corresponding net profits of RMB -0.76 billion, -3.73 billion, 0.84 billion, and 1.89 billion [16][17]. Shareholder Structure - Xu Yingtong holds a 10.18% stake in Sigenergy, with various entities controlled by him collectively holding approximately 49.28% of the voting rights [9][11]. Management Team - The board of directors consists of 8 members, including Xu Yingtong as Chairman and CEO, and Zhang Xianmiao as President, both of whom have extensive experience in the renewable energy sector [13][14].

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Sigenergy Technology Co., Ltd. （思格新能源（上海）股份有限公司） （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 Sigenergy Technology Co., Ltd. （思格新能源（上海）股份有限公司） （於中華人民共和國註冊成立的股份有限公司） 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣下 知悉、接納並向本公司、其保薦人、整體協調人、顧問或承銷團成員表示同意： 本公司招股章程根據香港法例第32章《公司（清盤及雜項條文）條例》呈交香港公司註冊處處長登記前，本 公司不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀請，準投資 ...

Core Viewpoint - Sige New Energy, founded by former Huawei executive Xu Yingtong, has rapidly emerged as a strong player in the global home energy storage market, achieving significant growth and profitability within three years of its establishment [2][3][25]. Company Overview - Sige New Energy was established in May 2022 and has quickly positioned itself in the overseas high-end energy storage market, particularly in Europe and Australia, achieving a remarkable turnaround from losses to profitability [2][8]. - The company is led by a team of former Huawei executives, leveraging their extensive experience in ICT and software technology to develop innovative products [3][6][22]. Product Development - Sige's flagship product, SigenStor, is touted as the world's first AI-enabled all-in-one solar storage and charging solution, which has significantly contributed to the company's revenue growth [2][18]. - The product's modular design allows for customization to meet diverse energy needs, with over 90% of the company's revenue derived from SigenStor [18][20]. Financial Performance - In its first year, Sige reported no revenue and a net loss of 76.19 million RMB, but by 2023, revenue surged to 583.02 million RMB, despite a net loss of 373 million RMB due to expansion and R&D costs [8][9]. - By 2024, Sige achieved a revenue of 1.33 billion RMB and turned a profit of 83.84 million RMB, with SigenStor's sales volume increasing significantly [9][12]. Market Position - Sige has captured a significant share of the global home energy storage market, ranking seventh in terms of shipment volume by early 2025, surpassing competitors like Midea and Airo [9][12]. - The company primarily relies on overseas markets, with Europe accounting for 60% of its revenue, while domestic contributions remain minimal [12][15]. Competitive Landscape - The energy storage market is experiencing explosive growth, with global shipments expected to reach 246.4 GWh in the first half of 2025, a year-on-year increase of 115.2% [8][15]. - Sige's strategy focuses on high-end markets in Europe, targeting residential and commercial users, which has allowed it to maintain strong profitability compared to competitors [15][16]. Future Prospects - Sige is expanding its product line to include SigenStack for commercial storage, aiming to diversify its revenue streams [33]. - The company has established production bases in Shanghai and Jiangsu to meet growing market demand, with plans for further expansion [22][24]. Investment and Financing - Sige has successfully raised over 700 million RMB through multiple funding rounds, achieving a valuation of 4.4 billion RMB within just two years of its inception [25][27]. - The company is currently pursuing an IPO, having submitted its application to the Hong Kong Stock Exchange, although it faces scrutiny regarding its business practices and connections to Huawei [29][30].

Core Viewpoint - The company Sige New Energy is preparing for an IPO in the Hong Kong market, attracting attention due to its rapid growth and the background of its founder, Xu Yingtong, who has extensive experience in the renewable energy sector [1][4][5]. Company Overview - Sige New Energy was established in May 2022 and has quickly gained traction, securing seed funding of 5 million RMB shortly after its inception [7]. - The company has undergone multiple funding rounds, raising a total of 540 million RMB from July to December 2022 and additional funding in early 2023, leading to a valuation of nearly 4.2 billion RMB [7]. Leadership and Management - Xu Yingtong, the founder and chairman, has over 25 years of experience in telecommunications, renewable energy, and AI, previously serving as the president of Huawei's smart photovoltaic division [5][6]. - The executive team includes several members with backgrounds at Huawei, enhancing the company's credibility and expertise in the industry [6]. Financial Performance - In the first four months of 2023, Sige New Energy reported revenues of 1.206 billion RMB, nearing its total revenue for the previous year [11]. - The company is projected to achieve revenues of 1.33 billion RMB in 2024, representing a year-on-year growth of 2,180% [14]. - The flagship product, SigenStor, contributes over 90% of total revenue, with a gross margin that has been increasing, reaching 51.2% in early 2025 [15][11]. Market Position and Product Offering - Sige New Energy specializes in stackable distributed energy storage solutions, primarily targeting residential applications [11]. - The company is expected to become the global leader in this segment by 2024, capturing a market share of 28.6% [11]. Geographic Revenue Distribution - The majority of Sige New Energy's revenue comes from Europe, accounting for 61.3% of total revenue in early 2023, followed by the Asia-Pacific region at 23.3% and Africa at 11.5% [17]. - The company has plans to expand its market presence in Europe and other high-growth regions, including Asia-Pacific and North America [21]. Production Capacity and Expansion Plans - Sige New Energy operates three production facilities in Shanghai and Jiangsu, with plans to expand capacity to meet growing demand [18]. - The new facility in Nantong is expected to have an annual production capacity of 1,400 MWh for energy storage batteries and 190,000 inverters, set to be completed by Q4 2026 [18]. Challenges and Risks - The company faces challenges related to reliance on a single product, SigenStor, and dependence on distributors for sales, which may impact performance [19]. - Inventory levels have been rising significantly, with stock reaching 1.903 billion RMB in early 2023, indicating potential issues with inventory management [20].

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Securiti ...

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Sigenergy Technology Co., Ltd. （思格新能源（上海）股份有限公司） （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣下 知悉、接納並向本公司、其保薦人、整體協調人、顧問或承銷團成員表示同意： 本公司招股章程根據香港法例第32章《公司（清盤及雜項條文）條例》呈交香港公司註冊處處長登記前，本 公司不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請 僅依據呈交香港公司註冊處處長註冊的本公司招股章程作出投資決定；有關文本將於發售期內向公眾刊 發。 (a) 本文件僅為向香港公眾人士提供 ...

倒计时4天 2025起点锂电圆柱电池技术论坛 暨圆柱电池20强排行榜发布会 活动主题： 聚集新 技术 探索新工艺 主办单位： 起点锂电、起点研究院（SPIR） 活动时间： 2025年2月28日 活动地点： 深圳宝安登喜路国际酒店2楼国际厅 活动规模： 500+人 一家成立不到3年的储能企业要IPO了！ 2月21日， 思格新能源 （上海）股份有限公司（以下简称：思格新能源）正式向港交所递交了 招股书，保荐人为中信里昂证券有限公司、法国巴黎证券（亚洲）有限公司。 本次IPO，思格新能源计划将募资用于进一步扩大研发团队及提升研发设备及技术；加强营销 及售后服务，以推动扩大全球客户群和业务覆盖范围；用于扩张产能；用于多元化产品组合及 扩展工商业光储充解决方案；用于营运资金及一般公司用途。 思格新能源成立于2022年5月，成立时间不到3年，法人代表是许映童，系华为前员工。经营范 围包括光伏设备及元器件制造；变压器、整流器和电感器制造；电力设施器材制造；电池制 造；电子元器件制造；电力电子元器件制造；汽车零部件及配件制造等。 在本次IPO前，思格新能源就获得多家知名机构青睐，完成了多轮融资。2022年7月至12月进行 A ...