New Stock News | Sungrow Power Supply (300274.SZ) plans to list in Hong Kong. The China Securities Regulatory Commission requires supplementary explanations on the company's industrial Internet information and data services.

On December 26th, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Examination (December 22, 2025 - December 26, 2025)", requiring supplementary materials from 19 companies. In the disclosure, the CSRC requested Sungrow Power Supply to provide additional information on the company's industrial internet information data services, big data services, etc. According to the Hong Kong Stock Exchange's disclosure on October 5th, Sungrow Power Supply Co., Ltd. (referred to as "Sungrow Power Supply") (300274.SZ) has submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. According to Frost & Sullivan's analysis, Sungrow Power Supply's shipments of photovoltaic inverters have maintained a global leading position for ten consecutive years. The CSRC requested Sungrow Power Supply to provide clarification on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Please provide additional information on the company's industrial internet information data services, big data services, etc., and whether necessary qualifications and licenses have been obtained. 2. Please provide information on whether the business scope of the company and its subsidiaries involves the areas covered by the "Special Administrative Measures on Foreign Investment Access (Negative List) (2024 Edition)". 3. Please provide information on whether the share pledges held by the company's controlling shareholders or actual controllers before and after this issuance could lead to significant ownership disputes or changes in the company's controlling shareholders. 4. Please provide information on the specific compliance status of overseas investments and foreign exchange registration procedures of the company's overseas subsidiaries, and issue a conclusory opinion on compliance. 5. Please provide details on the company's overseas fundraising project and the completion of overseas investment approval, approval, or filing. The prospectus shows that Sungrow Power Supply is a leading global clean energy technology company. Starting from the photovoltaic inverter business, the company has always focused on the field of clean electricity, gradually expanding into the five major tracks of CECEP Solar Energy, wind power, energy storage, electric vehicles and charging, and hydrogen energy ("solar wind storage electricity hydrogen"). Financially, during the past performance period, Sungrow Power Supply achieved rapid growth and impressive financial performance. From 2022 to 2024 and from January to June 2025, the company's operating income was RMB 40.11 billion, RMB 72.16 billion, RMB 77.70 billion, and RMB 43.44 billion respectively; net profits were RMB 3.70 billion, RMB 9.61 billion, RMB 11.26 billion, and RMB 7.83 billion respectively. The compound annual growth rates of revenue and net profit from 2022 to 2024 reached 39.2% and 74.6% respectively.