New stock news | Haoke Energy Submits Application to Hong Kong Exchange to Become China's Fifth Largest Neutral Data Center Energy Management Solutions Company

According to the disclosure on November 2 by the Hong Kong Stock Exchange, Guangzhou Haote Energy-saving Environmental Protection Technology Co., Ltd. (referred to as "Haote Energy") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with GF SEC and Shenwan Hongyuan Group Hong Kong as joint sponsors. According to the prospectus, Haote Energy is a leading energy management solutions provider from China, focusing on the data center segment. Through a strategic approach of technology-driven and deep cultivation of scenes, the company provides a full lifecycle service system for energy management solutions, covering consulting services, solution design, equipment selection and procurement, project integration and implementation, and system maintenance. The company's solutions are widely used in data centers (including AI computing data centers and edge data centers), smart industrial parks, intelligent factories, and multi-purpose commercial complexes, covering a wide range of scenarios in multiple fields. According to Frost & Sullivan data, based on revenue in 2024, the company is the 5th largest independent data center energy management solutions provider in China and the 9th largest data center energy management solutions provider in China. The company focuses on the research and sales of energy-saving technologies and systems, with key areas including AI computing data centers, edge data centers, high-performance computing clusters, and comprehensive energy management for data centers. The company continues to focus on high-tech application scenarios, proactively positions itself in high-growth industries, creates leading industry case studies in the data center field, and leads the rapid development of energy-saving technology applications. According to Frost & Sullivan data, in recent years, the market for independent data center energy management solutions in China has been significantly expanding. From 2020 to 2024, the market size of independent operator solutions increased from RMB 11.2 billion to RMB 25.7 billion, with a compound annual growth rate of 23.1%. In the future, the market is expected to maintain strong growth momentum, reaching RMB 83.9 billion by 2029. This growth is mainly driven by factors such as: (i) the demand for AI computing driving the growth of advanced data centers; (ii) ongoing digital transformation driving the expansion of cloud infrastructure; (iii) energy efficiency improvements and liquid cooling technology supporting the upgrade of high-performance data centers; (iv) data security and regulatory trends giving rise to opportunities for localized deployments; and (v) the long-term development direction of the industry being determined by the transition to low-carbon and green energy. In 2024, there were over 100 participants in China's data center energy management solutions industry market. The market for data center energy management solutions in China is relatively fragmented, with the top ten companies accounting for 57.9% of market share based on revenue in 2024. Based on revenue in 2024, the company is the 9th largest data center energy management solutions company in China, with a market share of 1.5%. For the independent operator data center energy management solutions industry, the number of participants in 2024 is also expected to exceed 100. Similar to the broader data center energy management solutions market, China's market for independent operator data center energy management solutions is relatively dispersed, with the top five participants accounting for 46.5% of market share based on revenue in 2024. Based on revenue in 2024, the company is the 5th largest independent operator data center energy management solutions company in China, with a market share of 3.8%. In terms of performance, for the six months ending June 30 in 2022, 2023, 2024, and 2025, the company achieved revenues of approximately RMB 793 million, RMB 858 million, RMB 1.018 billion, and RMB 754 million respectively; during the same period, the net profit and comprehensive income totaled approximately RMB 39.132 million, RMB 70.183 million, RMB 75.869 million, and RMB 50.496 million.