Shuangdeng Group, based in the Jiangyan Economic Development Zone, was officially listed on the main board of the Hong Kong Stock Exchange on Aug 26, marking the first Hong Kong Exchanges and Clearing Limited (HKEX) main board listing for a company in Jiangyan district, Taizhou.
Shuangdeng Group is listed on the main board of the Hong Kong Stock Exchange on Aug 26. [Photo/WeChat account: jyrmzf]
Shuangdeng Group becomes the first HKEX main board listed company in Jiangyan district. [Photo/WeChat account: jyrmzf]
Known as the "first stock of AI and data center (AIDC) energy storage", Shuangdeng's Initial Public Offerings (IPO) has seen extraordinary demand, with an allotment success rate of just 0.02 percent — the lowest on record in Hong Kong's capital market.
The company plans to channel the proceeds into building a lithium-ion battery factory in Southeast Asia, upgrading its research and development center, and accelerating global expansion.
Shuangdeng, a national single-product champion enterprise in the manufacturing industry, is a global leader in energy storage solutions for the big data and communications sectors, specializing in the design, development, manufacture, and sale of energy storage batteries and systems. Its products are used at telecom base stations and data centers, for power storage, and more. In 2024, the company ranked first among Chinese suppliers of energy storage batteries for data center applications, with a market share of 16.1 percent.
Shuangdeng Group. [Photo/WeChat account: jyrmzf]