NARI Shares Surge on News of Providing Backup Power to ByteDance's Data Center Amid Robust Market Demand
2025-01-02

On January 2, NARI's share price skyrocketed during intraday trading, peaking at gains exceeding 14%. By the close of the morning session, the share price had risen by 8.36% to RMB 17.49 per share, valuing the company at RMB 15.26 billion. According to reports, NARI confirmed on the investor interaction platform that it provides backup power support for ByteDance's data center. A company representative revealed that there is currently a robust demand for backup power solutions in the market.

Regarding potential price increase plans, the representative noted that such decisions would depend on the actual situation and could not be directly addressed at this time. As for whether the company's annual report would disclose information related to backup power, the representative stated that information disclosure would be prepared based on the business share and prevailing conditions.