Hong Kong Stock Movement | Shuangdeng Shares Surge Over 10%

On October 2, Shuangdeng Shares experienced a pull-up. As of 13:25, the intraday increase once exceeded 10%, with the share price reaching a high of HKD 20.3 per share.

Technology stocks generally rose in the Hong Kong stock market that day, with valuations of AI internet giants increasing. Shuangdeng Shares is a core player in AIDC (AI Computing Center) energy storage, serving leading internet and data center operators such as Alibaba, JD.com, Baidu, GDS, and Chindata Group. It has become a primary supplier for Alibaba in data center energy storage.

Recently, a relevant responsible person from Shuangdeng Shares explained to a Shanghai Securities News reporter that if AIDC energy consumption increases tenfold, it implies that the power backup demand would also increase roughly tenfold. More importantly, as the green power + energy storage model is gradually promoted in data centers, the scale of energy storage systems will be far greater than in traditional power backup scenarios, which is expected to open up broader development space for the company. In addition to deepening its presence in the domestic market, Shuangdeng Shares also serves overseas customers through its production base in Malaysia and is gradually entering high-end markets such as North America.