New stock news | Csg Smart Science & Technology (300222.SZ) submits application to Hong Kong Stock Exchange. The shipment volume of industrial energy storage systems in 2024 ranks among the top three in China.

According to the disclosure by the Hong Kong Stock Exchange on January 19th, Csg Smart Science & Technology Limited (abbreviated as Csg Smart Science & Technology (300222.SZ)) submitted an application for listing on the Main Board of the Stock Exchange of Hong Kong, with Huatai International and Guoyuan International as joint sponsors. Company Overview According to Frost & Sullivan data, Csg Smart Science & Technology is a leading Chinese technology company driven by digital energy and intelligent Siasun Robot & Automation. The company is dedicated to integrating artificial intelligence (AI) technology in new power systems to advance China's energy system towards digitalization and intelligence, accelerate the intelligent transformation in the industrial manufacturing sector, and establish a benchmark for intelligent microgrids in the energy and industrial sectors. In terms of digital energy, according to Frost & Sullivan data, Csg Smart Science & Technology is one of the earliest domestic companies to enter the field of power distribution automation. As of the latest practicable date, the company's products and solutions have been deployed in the power grids of 31 provinces and regions across the country. The company's main products include primary and secondary merge breakers, ring main units, feeder terminal units (FTUs), distribution terminal units (DTUs), and low-voltage substation and electricity information collection systems. The company has provided products and solutions to China's largest state-owned power grid company for over 20 years. According to Frost & Sullivan data, based on the national income calculation for 2024, the company ranks second in the primary and secondary merge breaker market, fifth in the ring main unit market, first in the FTU market, and third in the DTU market. In 2024, Csg Smart Science & Technology's commercial and industrial energy storage system shipments ranked in the top ten in China. Specifically, in the high-energy consumption segment, the company's commercial and industrial energy storage system shipments ranked in the top three in China in 2024. With continuous investment in power electronics technology and a deep understanding of the power grid, the company has successfully developed grid-friendly energy storage systems. By integrating AI technology, the company also builds electricity trading and intelligent microgrid management systems for high-energy users in industries such as steel, non-ferrous metals, and petroleum, supporting their participation in the electricity trading market and aggregated operation of virtual power plants, thereby enhancing energy utilization efficiency and asset operation intelligence. Csg Smart Science & Technology is also one of the few industrial Siasun Robot & Automation manufacturers that possess advanced technology and large-scale, multi-scenario implementation capabilities. From 2020 to 2024, the company's cumulative revenue from industrial robots ranked first in China, and the cumulative revenue from storage and retrieval stacker cranes (SRMs) ranked first in the Chinese lithium battery industry from 2020 to 2024. In recent years, by integrating AI vision recognition and decision algorithms, the company has continuously improved the operational accuracy and efficiency of intelligent Siasun Robot & Automation products and solutions in complex work environments. As of the latest practicable date, the company has delivered thousands of projects in the field of new energy, automobiles, construction machinery, and rail transportation, accumulating valuable experience and expertise across multiple industries, enabling the company to empower more industries and scenarios in the future. During the reporting period, the company's revenue by business segment is as follows: Financial Data Revenue: In the financial years 2023, 2024, 2024, and the nine months ended September 30, 2025, Csg Smart Science & Technology achieved revenues of approximately RMB 3.025 billion, RMB 2.687 billion, RMB 1.882 billion, and RMB 1.904 billion, respectively. Profit: In the financial year 2024, 2024, and the nine months ended September 30, 2025, Csg Smart Science & Technology achieved profits of approximately - RMB 171 million, RMB 61.568 million, RMB 22.387 million, and RMB 73.478 million, respectively. Industry Overview From 2020 to 2024, the global digital energy market size increased from RMB 733.2 billion to RMB 993.5 billion, with a corresponding compound annual growth rate of 7.9%. With the continuous enhancement of digital capabilities and increasing demand for intelligent management, the industry has formed a strong foundation for growth at this stage. It is expected that by 2029, the global digital energy market size will reach RMB 1.515 trillion, with a compound annual growth rate of 8.7% from 2024 to 2029. The growth rate in the next five years is slightly higher than the historical level, indicating that the industry's growth momentum is expected to further strengthen. From 2020 to 2024, the overall size of the digital energy industry in China increased from RMB 292.6 billion to RMB 408.7 billion, with a CAGR of 8.7%. Each segment showed varying degrees of expansion, with the source-side size increasing from RMB 110.5 billion to RMB 146.3 billion, the grid-side from RMB 103.4 billion to RMB 132.0 billion, the load-side from RMB 57.3 billion to RMB 68.2 billion, and the storage-side significantly expanding from RMB 21.4 billion to RMB 62.2 billion. It is expected that by 2029, the overall industry size will increase to RMB 657.7 billion, with a CAGR of 10.0% from 2024 to 2029. Future growth is expected in each segment, with the source-side expected to increase to RMB 225.1 billion, the grid-side rising to RMB 193.0 billion, the load-side expanding to RMB 93.9 billion, and the storage-side expected to grow to RMB 145.7 billion. From 2020 to 2024, the industrial intelligent Siasun Robot & Automation industry achieved rapid growth in both the Chinese and global markets. The Chinese market size increased from RMB 45 billion in 2020 to RMB 84 billion in 2024, with a CAGR of 16.9%. During the same period, the global market size of industrial intelligent Siasun Robot & Automation increased from RMB 94.3 billion to RMB 172.6 billion, with a CAGR of 16.5%. Looking ahead, it is expected that by 2029, the Chinese market size of the industrial intelligent Siasun Robot & Automation industry will reach RMB 166.3 billion, with a CAGR of 14.6% from 2024 to 2029. During the same period, the global market size is expected to grow to RMB 334.3 billion, with a CAGR of 14.1%. Board of Directors The board of directors consists of 7 directors, including 3 executive directors, 1 non-executive director, and 3 independent non-executive directors. Shareholding Structure Dr. Huang holds a 21.96% stake. As of the latest practicable date, Dr. Huang has pledged his holdings of 106,880,000 A-shares, accounting for approximately 13.7% of the company's issued share capital. Intermediate Team Joint Sponsors: Huatai Financial Holdings (Hong Kong) Limited, Guoyuan Finance (Hong Kong) Limited Company Legal Advisor: Regarding Hong Kong law: JunHe Law Office; Regarding Chinese law: Beijing Hairun Tianrui Law Office Legal Counsel to Joint Sponsors: Regarding Hong Kong law: Jia Yuan Law Firm; Regarding Chinese law: Jia Yuan Law Firm Auditors and Reporting Accountants: Rongcheng (Hong Kong) Certified Public Accountants Limited Industry Consultant: Frost & Sullivan (Beijing) Consultancy Co., Ltd., Shanghai Branch