International leading storage battery business in information center and telecom markets– Shuangdeng Group Co., Ltd. (stock code: 06960. HK), proposes to note its H Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).
Shuangdeng Group prepares to use 58,557,000 H Shares (topic to the Over-allotment Option), of which 52,701,000 H Shares will be International Offer Shares (topic to reallocation and the Over-allotment Option), representing roughly 90% of the preliminary deal shares; the staying 5,856,000 H Shares will be Hong Kong Offer Shares (topic to reallocation), representing roughly 10% of the preliminary deal shares. The Offer Price is HK$ 14.51 per H Share, plus brokerage of 1.0%, SFC deal levy of 0.0027%, Hong Kong Stock Exchange trading cost of 0.00565% and AFRC deal levy of 0.00015% (payable completely on application in Hong Kong dollars and based on refund).
Shuangdeng Group will open for Hong Kong Public Offering in Hong Kong at 9 a.m., August 18, 2025 (Monday), and close at 12:00 twelve noon, August 21, 2025 (Thursday). Negotiations in H shares of Shuangdeng Group on the Main Board of the Hong Kong Stock Exchange is anticipated to begin on August 26, 2025 (Tuesday). The H shares will be sold board great deal of 500 H shares each. The Company’s stock code will be 06960. HK.
China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited and CCB International Capital Limited are Joint Sponsors, Sponsor-Overall Coordinators, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Mangers. Sanshui Venture Capital Co., Limited is the foundation financier, subscribing for H shares worthing roughly RMB220 million in overall.
Worldwide leading storage battery business in information center and telecom markets
Established in 2011 in Taizhou, Jiangsu Province in China, Shuangdeng Group is a leading business in energy storage service for big-data and telecommunication markets. With a deep understanding of the market and client need, Shuangdeng Group has actually established industry-leading innovations and multi-pathway items with ideal balance amongst security, expense performance and efficiency, which allows it to record substantial development capacity in its market. According to Frost & & Sullivan, in 2024, the Company ranked the very first amongst international telecom base station and information center energy storage battery service providers in regards to delivery volume, attaining a market share of 11.1%.
With its steady dedication to boost the marketplace acknowledgment of its brand name, Shuangdeng Group boast a top quality international client base with almost 30 of the world’s leading 100 telecom operators and devices makers, creating strong relationship with leading telecom operators and telecommunication devices makers in China, such as China Mobile, China Telecom, China Unicom, and China Tower, along with popular worldwide telecommunication giants like Ericsson, Vodafone, Orange, and Telenor. In addition, since December 31, 2024, Shuangdeng Group served 80% of leading 10 Chinese self-owned information center business and 90% of leading 10 Chinese third-party information center business.
R&D abilities in high security, expense effectiveness and exceptional efficiency
Shuangdeng Group’s items cover varied application situations, consisting of energy storage for telecom base stations, information centers, and the electrical energy storage settings. Shuangdeng Group continually broaden its innovation portfolio to incorporate lithium-ion batteries, lead-acid batteries, sodium-ion batteries, and solid-state batteries, guaranteeing it can supply the most ideal items for different application situations and varied client usage. Its R&D efforts are concentrated on resolving the requirements and discomfort points of clients running telecom base stations and information centers, with an unfaltering dedication to continuous enhancements in security, expense, and efficiency of items.
Shuangdeng Group has actually developed a technical specialist committee led by numerous academicians and consisted of over 30 distinguished market professionals. This committee teams up with prominent specialists from leading organizations such as China Electric Power Research Institute, Tsinghua University, Nanjing University, and Huazhong University of Science and Technology. Together, the Company has actually established a long-lasting, steady research study and interaction system, frequently participating in scholastic exchanges to remain abreast of advanced technological developments. Through active partnership in between market, academic community, and research study, Shuangdeng Group constantly enhances its item making procedure and innovations, driving continuous development. Since August 8, 2025, the Company held an overall of 353 patents, consisting of 111 innovation patents.
Information center company speeds up, becoming an essential development motorist
With the penetration and promo of huge information, innovations, energy storage batteries for information centers have actually ended up being important items for guaranteeing information security and energy security. In 2018, Shuangdeng Group acutely determined the marketplace needs of the web period and started developing cooperation relationship with big tech business and information center operators. Given that 2018, the Company has actually successively teamed up with Alibaba, JD.com, Baidu, GDS, and ChinData. In 2022, Shuangdeng Group innovatively established the very first massive dual-function energy storage strategy integrating “backup power + power storage and management” for information centers in China, and provided our items to the Xiong’an Urban Supercomputing Center, contributing its effective accomplishment of being acknowledged as nationwide green information. Up to August 8, 2025, its energy storage items have actually been utilized in hundreds of information.
According to Frost & & Sullivan, in 2024, Shuangdeng Group ranked initially amongst Chinese business in regards to delivery volumes in the international information center energy storage market and its market share in the international information center market reached 16.1%. Profits from sales of batteries utilized in information centers increased by 120% YoY from RMB397.0 million in the 5 months ended May 31, 2024 to RMB872.9 million in the 5 months ended May 31. This growth improved its contribution to overall income from 28.4% to 46.7%, making it the business’s biggest income source. Driven by the boost in earnings from sales of batteries utilized in information centers, the Company’s overall earnings increased from RMB1,394.2 million in the 5 months ended May 31, 2024 to RMB1,866.6 million in the 5 months ended May 31, 2025.
A knowledgeable and visionary management group
Shuangdeng Group is led by a visionary, steady, and extremely skilled management group. The Company’s Chairman, Dr. Yang Rui, brings substantial experience in the energy storage battery market and an international viewpoint. He has actually been bestowed several awards, consisting of the 2024 Person of the Year in Energy Storage Battery Industry, and Jiangsu Province Excellent Entrepreneur. His forward-thinking tactical choices have actually driven the Company’s constant development and development. Its executive Director and deputy basic supervisor, Dr. Yang Baofeng, is a senior engineer who has actually gotten recognized honors, such as “Jiangsu Province Technology Entrepreneur”and “Innovation and Entrepreneurship Star.”He likewise acts as Vice Chairman of the China Battery Industry Association and the China Chemical and Physical Power Industry Association. Its senior management group has deep knowledge in energy storage battery innovation and company management. All senior staff member have actually been with us for several years, guaranteeing efficient management cooperation and a combined long-lasting organization technique.
Dr. Yang Rui, Chairman of the Board, Executive Director and Chief Executive Officer of Shuangdeng Group stated, “As an international leading storage battery business in information center and telecom markets, we constantly stick to our customer-centric technique and commit ourselves to providing the most appropriate and superior batteries to our clients throughout numerous markets, consisting of telecom operators and tech business. As expert system innovation introduce a brand-new period of prevalent adoption, the rising need for calculating power will drive extraordinary development in energy requirements. In reaction to the broadening need for calculating power and the increasing energy usage of information centers, we will preserve our ingenious drive to take development chances in the information center sector and cultivate our 2nd development pillar. We will continue to deepen our existence and penetration in existing markets while broadening our worldwide existence, even more reinforcing our position as a worldwide prominent brand name.”
Usage of Proceeds
Shuangdeng Group approximates that it will get net earnings from the Global Offering of around HK$ 756.3 million, presuming the Over-Allotment Option is not worked out, after subtracting the underwriting charges and commissions (presuming the complete payment of the discretionary reward charge) and approximated expenditures payable by the Company. Around 40.0%, or around HK$ 302.6 million, will be utilized for the building of a lithium-ion batteries production center in Southeast Asia. Roughly 35.0% or roughly HK$ 264.7 million, is meant to be utilized to money the facility of a research study and advancement. Around 15.0%, or HK$ 113.4 million, is meant to be utilized to enhance its abroad sales and marketing so that the Company can boost its worldwide existence, much better serve its abroad clients and improve its worldwide sales. And roughly 10%, or HK$ 75.6 million, will be utilized to supply financing for working capital and other basic business functions.
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