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LB Select
2025.08.25 08:23

SHUANGDENG opened at a 161.89% increase in the dark market, reporting HKD 38, and is currently up 70.37%, reporting HKD 24.72.

The prospectus shows that by 2024, the company has become the world's leading enterprise in terms of communication and data center energy storage battery shipments, with clients covering five of the top ten global telecom operators, the five major telecom operators in China, and 80% of the top ten self-owned data center companies in China.

From a financial performance perspective, the company's performance has continued to grow steadily, with total revenue increasing year by year from 2022 to 2024, and revenue in the first five months of 2025 growing by more than 30% year-on-year. Its data center energy storage business has experienced explosive growth, with revenue in the first five months of 2025 surpassing that of the communication base station business for the first time, becoming the core growth engine.

The global offering has attracted local state-owned assets from Taizhou as cornerstone investors

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