Shuangdeng Group Co., Ltd. has successfully navigated the listing hearing process at the Hong Kong Stock Exchange, with China International Capital Corporation, Huatai International, and CCB International serving as its joint sponsors. Positioned as a leading global provider of energy storage batteries for data centers and communication base stations, the company emerged as the top shipper of such batteries for communication and data centers worldwide in 2024. Its impressive clientele boasts renowned enterprises such as China Mobile, China Unicom, China Telecom, Ericsson, Vodafone, Alibaba, and Baidu. According to financial data, within the five-month period ending May 31, 2025, the company's data center business revenue soared by 119.9% to reach RMB 873 million, significantly contributing to an overall revenue increase of 33.9% year-on-year, totaling RMB 1.867 billion.
