HK Stock Market Move | Ruipulan (00666) rose more than 8% against the market trend. Overseas demand for energy storage lithium batteries is hot. The company is focusing on expanding into the Southeast Asia and Middle East markets.

Ruipulan (00666) rose more than 8% against the market, with an increase of 8.38% to HKD 11.9 million as of press time, with a turnover of 26.5899 million HKD. On the news side, according to GGII statistics, China's offshore orders for energy storage lithium batteries in 2024 exceeded 120GWh, mainly from the United States, Europe, Southeast Asia, and the Middle East, with demand from European and American owners accounting for 73%. From the perspective of the main shipment entities of orders, almost all order quantities above GWh are taken by the top 10 enterprises. Due to the strong demand in overseas markets, major lithium battery companies in China have increased their layout in overseas markets in 2024, such as Eve Energy Co., Ltd.'s North American regional headquarters, Haichen Energy Fremont Marketing Center/Texas 10GWh factory, and REPT BATTERO's American subsidiary. In addition, Eve Energy Co., Ltd./Haichen Energy/REPT BATTERO are focusing on the layout of factories in Southeast Asia and the Middle East markets. Industrial released a research report stating that the company's lithium battery shipments from 2021 to 2023 were 3.3, 16.6, and 19.5 GWh, respectively. In 2024H1, the company's lithium battery shipments increased by 108% year-on-year to 16.2 GWh, with power and energy storage reaching 7.6 and 8.6 GWh, respectively, a year-on-year increase of 316% and 45%. The company's production capacity continues to be released, technology remains at the forefront of the industry, and the demand from major power and energy storage customers is growing, with the prospect of continued high growth in battery shipments in the future.