New Stock News | Guangzhou Great Power Energy and Technology (300438.SZ) is making a sprint for A+H shares, focusing on battery manufacturing and comprehensive energy storage solutions.

According to the disclosure of the Hong Kong Stock Exchange on January 30th, Guangzhou Great Power Energy and Technology Co., Ltd. (hereinafter referred to as Guangzhou Great Power Energy and Technology (300438.SZ)) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. Company Overview According to the prospectus, Guangzhou Great Power Energy and Technology is a global battery manufacturer and comprehensive energy storage solution provider, with a global footprint covering energy storage batteries, as well as consumer and power batteries. According to Frost & Sullivan data, in 2024, the company's energy storage batteries ranked ninth globally by shipment volume, with a market share of 3.6%. The company has leveraged this expertise in battery manufacturing to establish a leading position in the portable energy storage battery and household energy storage battery industries, ranking first and third globally, respectively, by battery shipment volume in 2024. The company's main business covers the research and development, production, and sale of high-performance batteries and integrated energy storage solutions, with a comprehensive product portfolio including rechargeable batteries and disposable batteries. Rechargeable batteries: These batteries are designed for repeat charging and multiple uses, including lithium-ion batteries, lithium polymer batteries, and sodium-ion batteries. Disposable batteries: These batteries are designed for single use and are not rechargeable, including lithium iron batteries and zinc-air batteries. These products are widely used in the company's core product categories: energy storage batteries, as well as consumer and power batteries. In terms of production, the company has established a strategic global production layout equipped with advanced technology. The company's nine digital production bases in Guangzhou, Zhuhai, Zhumadian, Changzhou, Liuzhou, Foshan, Quzhou, Qingdao, and Vietnam have achieved stable and high production. As of September 30, 2025, these production bases have an annual production capacity of approximately 28.7 GWh. During the reporting period, the company's revenue mainly came from the sale of energy storage batteries and consumer and power batteries. Currently, the company serves customers in over 50 countries and regions, including the United States, Germany, Japan, Indonesia, Singapore, Spain, Chile, India, Canada, Australia, and Azerbaijan. Financial Information Revenue For the nine months ending September 30, 2023, 2024, and 2025, the company achieved revenues of approximately RMB 6.932 billion, RMB 7.961 billion, and RMB 7.581 billion respectively. Profit For the nine months ending September 30, 2023, 2024, and 2025, the company recorded annual/period profits of approximately RMB 66.433 million, -RMB 32.4 million, and RMB 105 million respectively. Gross Profit Margin For the nine months ending September 30, 2023, 2024, and 2025, the company's gross profit margins were 12.7%, 7.5%, and 12.6% respectively. Industry Overview Global Energy Storage Battery Market Size The global energy storage battery market is experiencing strong expansion in various submarkets, with total shipments increasing from 23.7 GWh in 2020 to 292.2 GWh in 2024, with a compound annual growth rate of 87.4%. Supported by renewable energy deployment, grid digitization, and the adoption of distributed energy sources, the market is expected to reach 1,461.9 GWh by 2029, with a compound annual growth rate of 26.6% from 2025 to 2029. The growth is widely driven by the rapid deployment of large-scale systems and the increasing penetration of distributed energy storage in residential, commercial, and industrial applications. Chinese Energy Storage Battery Market Size The Chinese energy storage battery market continues to demonstrate extremely strong growth, with total shipments increasing from 6.9 GWh in 2020 to 131.2 GWh in 2024, a compound annual growth rate of 109.1%. Supported by national energy storage policies, rapid integration of renewable energy, and the expansion of distributed user-side energy storage applications, the market is expected to further increase to 609.3 GWh by 2029, with a compound annual growth rate of 26.4% from 2025 to 2029. The growth is driven mainly by large grid projects, while commercial and residential energy storage continues to expand steadily in diverse application scenarios. Global and Chinese Consumer Battery Market Size Driven by technological advancements, diverse application needs, and supportive regulatory frameworks, the global consumer battery market is experiencing strong growth. From 2020 to 2024, total shipments increased from 84.9 GWh to 136.0 GWh, with a compound annual growth rate of 12.5%. The rising trend is mainly driven by battery technology upgrades and the expansion of downstream sectors, especially in consumer and automotive electronics. Looking ahead, with the widespread adoption of 5G devices and the booming development of automotive electronics, the market is expected to maintain this growth momentum. As a result, market shipments are projected to increase from 157.9 GWh in 2025 to 299.5 GWh in 2029, with a accelerated compound annual growth rate of 17.4%, indicating a period of sustained significant expansion in the market. The Chinese consumer battery industry is currently in a strong expansion phase, benefiting from technological advancements, diverse application scenarios, and favorable government policies. Future development will focus on high-performance solutions, intelligent integration, and green innovation. The market is expected to increase from 25.3 GWh in 2020 to 47.8 GWh in 2024, with a compound annual growth rate of 17.2%. Market growth is mainly driven by strong domestic demand for consumer electronics and electric vehicles. In the future, this trend is expected to accelerate, with the market size projected to increase from 56.7 GWh in 2025 to 115.9 GWh in 2029. This forecast represents a compound annual growth rate of 19.6%, supported by the integration of 5G infrastructure and the rise of emerging industries such as low altitude economy. Global and Chinese Light Power Battery Market Size Driven by the popularization of electric two-wheelers and green travel policies, the light power battery market is experiencing significant expansion. From 2020 to 2024, global shipments of light power batteries increased from 11.4 GWh to 60.5 GWh, with a compound annual growth rate of 51.8%. Looking ahead, the market size is expected to increase from 78.3 GWh in 2025 to 175.1 GWh in 2029, with a compound annual growth rate of 22.3%. From 2020 to 2024, propelled by strong policy guidance such as the new national standard, explosive consumer demand driven by the expansion of online delivery and shared economy, replacement of lead-acid batteries, and technological breakthroughs, Chinese light power battery shipments increased from 10.7 GWh to 55.3 GWh, with a compound annual growth rate of 50.9%. Driven by technological iteration, cost optimization, and innovation in shared battery exchange models, the industry is expected to increase from 73.1 GWh in 2025 to 150.4 GWh in 2029, with a compound annual growth rate of 19.8%. Board of Directors Information The company's board of directors consists of 10 members, including 5 executive directors, 1 non-executive director, and 4 independent non-executive directors. Ownership Structure As of January 21, 2026, the company's single largest shareholder group consists of the Chairman of the Board and Executive Director Mr. Xia, and Wanxiang Yixin Fund (an investment fund wholly owned and beneficially owned by Mr. Xia and acting in concert with him). Mr. Xia and Wanxiang Yixin Fund collectively control 26.76% of the company's issued share capital. In addition, Mr. Xia Rende is the brother of Chairman of the Board and Executive Director Mr. Xia, holding 5.25% of the company's shares; Mr. Li Kewen is the spouse of non-executive director Ms. Liang Chaohui, holding 2.24% of the company's shares. Intermediary Team Exclusive Sponsor: CITIC SEC (Hong Kong) Limited Company Legal Advisor: For Hong Kong and US laws: Haiwen & Partners (a Limited Liability Partnership); For Chinese laws: JunHe LLP; Exclusive Sponsor Legal Advisor: For Hong Kong and US laws: Akin Gump Strauss Hauer & Feld LLP; For Chinese laws: Zhong Lun (Shenzhen) Law Firm Auditor and Reporting Accountant: Ernst & Young LLP Industry Consultant: Frost & Sullivan Consultancy (Beijing) Co., Ltd. Shanghai Branch Compliance Consultant: Maish Capital Limited