New Stock IPO | Sige New Energy Passes Listing Hearing

SighingCashier · 2026-03-29T12:49:54+00:00

Sige New Energy has passed the Hong Kong Stock Exchange listing hearing and plans to list on the Main Board of Hong Kong. As a leading global provider of distributed energy storage system solutions, its product shipments have ranked first worldwide after just two years of establishment. Despite losses in 2023, it is expected to achieve net profit in 2024 and 2025, amounting to 83.8 million yuan and 2.919 billion yuan respectively.

SighingCashier

2026-03-29 12:49:54

Abstract generation in progress

Siger New Energy has passed the listing hearing at the Hong Kong Stock Exchange and plans to list on the main board in Hong Kong, with joint sponsors CITIC Securities and BNP Paribas.

According to the post-hearing information set, the company is a global leader in the field of Distributed Energy Storage System (DESS) solutions, focusing on the market for stackable distributed solar storage all-in-one solutions.

According to a Frost & Sullivan report, two years after its establishment, the company has become the world’s number one provider of stackable distributed solar storage all-in-one solutions by product shipment volume, with a market share of 28.6% in 2024, accounting for 0.6% of the distributed energy storage system market and 0.2% of the energy storage system market during the same period.

Although the company is in a loss position in 2023, it is expected to achieve net profits of 83.8 million yuan and 2.919 billion yuan in 2024 and 2025, respectively.

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