06960 雙登股份
SHUANGDENG
SHUANGDENG
| Register Close | 2025/08/21 IPO Closing Tomorrow |
| Listing Date | 2025/08/26 |
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IPO Detail
COMPANY PROFILE
Shuangdeng Group was founded in 2011 in Taizhou, Jiangsu Province in China. It is a leading company in energy storage business for big-data and telecommunication industries. The Group focuses on the design, R&D, manufacturing, and sales of energy storage batteries and systems.
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As of December 31, 2024, the Group have served five of the world’s top ten telecom operators and equipment manufacturers, nearly 30% of the world’s top 100 telecom operators and equipment manufacturers, and all of China’s top five telecom operators and equipment manufacturers. The Group have served 80% of top 10 Chinese self-owned data center companies and 90% of top 10 Chinese third-party data center companies.
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According to the report, in 2024, the Group ranked the first among global telecom and data center energy storage battery providers in terms of shipment volume, achieving a market share of 11.1%. In 2024, the Group ranked the twelfth among global energy storage battery providers in terms of added installed capacity, achieving a market share of 2.5%.
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The Group derived revenues mainly from sales of energy storage batteries, including both lithium-ion batteries and lead-acid batteries. The Group’s lithium-ion batteries are mainly lithium iron phosphate batteries, the products line of which includes both flexible packaging and square aluminum shell configurations, and lead-acid batteries include absorbent glass mat batteries, gel batteries, and lead-carbon batteries.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 58.56M H shares |
| No. of International Offer Shares | 52.70M H shares |
| No. of HK Offer Shares | 5.86M H shares |
| Offer Price | $14.51 |
| Stock Code | 6960 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, CCB International Capital Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, CCB International Capital Limited, ICBC International Securities Limited, ABCI Securities Company Limited, Livermore Holdings Limited, China Galaxy International Securities (Hong Kong) Co., Limited |
TIME TABLE
| Application Period | Aug 18 (Mon) - noon, Aug 21 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Aug 25 (Mon) |
| Result Announcement Date | On or before Aug 25 (Mon) |
| Result Announcement Date | On or before Aug 26 (Tue) |
| Dealings in Shares commence on | Aug 26, 2025. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $14.51 |
| Capitalization | 6.05B |
| NAV / share ($) | $8.34 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 14.51, the net proceeds raised would be HKD 756.30M, of which |
| 40% : Construction of a lithium-ion batteries production facility in Southeast Asia |
| 35% : Fund the establishment of a research and development center |
| 15% : Strengthen overseas sales and marketing to enhance global presence |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).