Understanding the Market | SHUANGDENG shares rose over 8% during the session, AIDC data center energy storage business revenue doubled, becoming the company's largest source of income
SHUANGDENG's stock price rose over 8% during the trading session, and as of the time of writing, it has increased by 6.77%, reaching HKD 18.6, with a transaction volume of HKD 52.4294 million. The company released its interim results, reporting a revenue of RMB 2.246 billion in the first half of the year, a year-on-year increase of 26.21%; the profit attributable to owners was RMB 161 million. The revenue from AIDC data center energy storage business surged by 113.1%, surpassing the communication energy storage business for the first time, marking a key achievement in the company's business structure transformation
According to Zhitong Finance APP, SHUANGDENG (06960) rose over 8% during the trading session, and as of the time of publication, it was up 6.77%, priced at HKD 18.6, with a transaction volume of HKD 52.4294 million.
In terms of news, SHUANGDENG released its interim results, reporting a revenue of RMB 2.246 billion for the first half of the year, an increase of 26.21% year-on-year; the profit attributable to the company's owners was RMB 161 million. During the period, the AIDC data center energy storage business experienced explosive growth, with business revenue significantly increasing by 113.1% compared to the same period last year, surpassing the communication energy storage business for the first time. This also marks a key achievement in SHUANGDENG's transformation of its business structure from "traditional communication energy storage as the main focus" to "new AIDC energy storage leading."
Public information shows that SHUANGDENG Group is a leading company in the energy storage business in the big data and communication fields, focusing on the design, research and development, manufacturing, and sales of energy storage batteries and systems. According to data cited from Frost & Sullivan in the prospectus, the company ranks first in global shipments among communication and data center energy storage battery suppliers in 2024, with a market share of 11%. The company has five of the world's top ten communication operators and equipment manufacturers as clients, nearly 30% of the world's top 100 communication operators and equipment manufacturers, as well as China's five major communication operators and equipment manufacturers. The company serves 80% of China's top ten proprietary data center enterprises and 90% of China's top ten third-party data center enterprises
