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SHUANGDENG
06960.HK
Shuangdeng Group Co., Ltd. provides energy storage solutions in China. Its products include lithium-ion battery systems and smart-Li battery systems for telecom; SHVP lithium batteries for IDC; and SDA10-4850 series lithium iron phosphate battery systems, assemble-able batteries SDA10-4820, small cell power system-6KW, small cell power system-2000-D and 3000-D, and air-cooling BESS. The company also offers lead acid batteries, such as communications energy storage solutions, such as backup power for base stations, such as telecommunications, mobile, China Unicom, and ships and railways; and backup power supply for power systems, nuclear power plants, UPS, emergency lighting, etc.
2.462 T
06960.HKMarket value -Rank by Market Cap -/-

Financial Score

10/12/2025 Update
B
Electrical Components and EquipmentIndustry
Industry Ranking3/32
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE12.87%B
    • Profit Margin7.03%B
    • Gross Margin14.95%D
  • Growth ScoreB
    • Revenue YoY31.80%A
    • Net Profit YoY10.67%C
    • Total Assets YoY0.00%C
    • Net Assets YoY0.00%C
  • Cash ScoreA
    • Cash Flow Margin1422.72%B
    • OCF YoY31.80%A
  • Operating ScoreB
    • Turnover0.79B
  • Debt ScoreD
    • Gearing Ratio56.20%D

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Understanding the Market | SHUANGDENG shares rise over 9% AIDC new high-multiplication battery cells may be applied in bulk next year, the company is a core target for AIDC energy storage

    SHUANGDENG shares rose over 9% again, as of the time of writing, up 8.39%, priced at HKD 23, with a transaction volume of HKD 73.5534 million. In terms of news, on October 27th, Shanghai Securities Journal reported that Huang Xuejie, a researcher at the Institute of Physics of the Chinese Academy of Sciences, is leading a team at the Songshan Lake Materials Laboratory to collaborate with SHUANGDENG to develop a new type of battery, expected to be applied in mass production by 2026. "Currently, we have completed the preparation of the first sample and are conducting full performance evaluations, with mass application expected in 2026," said Zhong Yihua, the technical head of SHUANGDENG. It is reported that SHUANGDENG is a core target for AIDC energy storage, serving leading internet and data center operators such as Alibaba, JD.com, Baidu, GDS, and Qinhuai Data, and has become Alibaba's main supplier in data center energy storage. A relevant person in charge of SHUANGDENG previously stated that if AIDC energy consumption increases tenfold, it would mean that backup power demand would also roughly increase tenfold. More importantly, as the green electricity + energy storage model is gradually promoted in data centers, the scale of energy storage systems will far exceed traditional backup power scenarios, which is expected to open up broader development space for the company

    Zhitong·
    HK
    06960
    -0.98%
    Zhitong·
    HK
    06960
    -0.98%

    Understanding the Market | SHUANGDENG shares rise over 6% as NVIDIA clarifies the essential demand for AIDC storage, positioning the company in the core segment of AIDC energy storage

    SHUANGDENG shares rose over 6%, as of the time of writing, up 6.38% to HKD 21.68, with a trading volume of HKD 36.6554 million. In terms of news, at the OCP conference held from October 13 to 16, NVIDIA released a white paper on the 800 VDC architecture, which clearly states the necessity of AIDC's energy storage and the next generation of distribution solutions. Huatai Securities believes that the emphasis on AIDC's need for energy storage aligns with its judgment on AIDC driving energy storage demand, and it considers AIDC to be one of the important incremental scenarios for global energy storage demand growth in the future. It is reported that SHUANGDENG is a core target for AIDC energy storage, serving leading internet and data center operators such as Alibaba, JD.com, Baidu, GDS, and Qinhuai Data, and has become Alibaba's main supplier in data center energy storage. A relevant person in charge of SHUANGDENG previously stated that if AIDC's energy consumption increases tenfold, it would mean that backup power demand would also roughly increase tenfold. More importantly, as the green electricity + energy storage model is gradually promoted in data centers, the scale of energy storage systems will far exceed that of traditional backup power scenarios, which is expected to open up broader development space for the company

    Zhitong·
    HK
    06960
    -0.98%
    Zhitong·
    HK
    06960
    -0.98%

    Understanding the Market | SHUANGDENG shares rise over 9% as AIDC energy consumption surges, driving demand for energy storage; the company is a major supplier of energy storage for Alibaba's data centers

    SHUANGDENG shares rose more than 9% again, as of the time of writing, up 9.18%, priced at HKD 24.74, with a transaction volume of HKD 54.9792 million. According to news, Eddie Wu previously stated at the Alibaba Cloud Summit that by 2032, the energy consumption scale of Alibaba Cloud's global data centers will increase tenfold. According to Shanghai Securities Journal, a relevant person in charge of SHUANGDENG recently explained to reporters that if AIDC energy consumption increases tenfold, it means that backup power demand will also roughly increase tenfold. More importantly, as the green electricity + energy storage model is gradually promoted in data centers, the scale of energy storage systems will far exceed that of traditional backup power scenarios, which is expected to open up broader development space for the company. It is reported that SHUANGDENG is a core target for AIDC energy storage, serving leading internet and data center operators such as Alibaba, JD.com, Baidu, GDS, and Qinhuai Data, and has become Alibaba's main supplier in data center energy storage. According to data quoted from the prospectus by Frost & Sullivan, the company ranks first in global communication and data center energy storage battery suppliers in terms of shipment volume in 2024, with a market share of 11%

    Zhitong·
    HK
    06960
    -0.98%
    Zhitong·
    HK
    06960
    -0.98%

    Understanding the Market | SHUANGDENG shares rise over 9% as the company positions itself in the core segment of AIDC energy storage, gradually entering high-end markets such as North America

    SHUANGDENG shares rose over 9%, as of the time of writing, up 9.05%, priced at HKD 21.8, with a transaction volume of HKD 54.7565 million. According to Shanghai Securities News, a relevant person in charge of SHUANGDENG recently explained to reporters that if AIDC energy consumption increases tenfold, it means that backup power demand will also roughly increase tenfold. More importantly, as the green electricity + energy storage model is gradually promoted in data centers, the scale of energy storage systems will far exceed that of traditional backup power scenarios, which is expected to open up broader development space for the company. In addition to deepening its domestic market, SHUANGDENG also serves overseas customers through its production base in Malaysia and is gradually entering high-end markets such as North America. It is reported that SHUANGDENG is a leading company in the energy storage business in the big data and communications field, 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's clients include China Mobile, China Unicom, China Tower, Ericsson, Vodafone, Telenor, Alibaba, JD.com, Baidu, Qinhuai Data, and GDS

    Zhitong·
    HK
    06960
    -0.98%
    Zhitong·
    HK
    06960
    -0.98%

    Some Hong Kong stocks related to energy storage have strengthened, with SHUANGDENG rising over 7%

    Some Hong Kong stocks related to energy storage have strengthened, with SHUANGDENG rising 7.45%, CN ANCHU ENERGY rising 2.86%, and HONBRIDGE rising 1.82%

    Zhitong·
    HK
    06960
    -0.98%
    HK
    02399
    +3.03%
    HK
    08137
    +1.04%
    Zhitong·
    HK
    06960
    -0.98%
    HK
    02399
    +3.03%
    HK
    08137
    +1.04%
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