Energy arena Apple soaring! Sige New Energy's revenue doubles in two years, ringing the Hong Kong Stock Exchange.

On March 29, 2026, the new energy storage sector welcomed another landmark event. Stiger New Energy (Shanghai) Co., Ltd. successfully passed the listing hearing on HKEX. Stiger New Energy is a technology innovation company with "AI+ energy storage" as its core engine. With its disruptive product concept, explosive financial performance, and precise global high-end strategy, it has become the most watched company in the energy storage industry, demonstrating a new paradigm of "value-driven growth" to the capital market. According to the prospectus, by December 31, 2025, the company's revenue had surged from 58 million yuan in 2023 to 9 billion yuan in 2025, achieving an astonishing growth of over 150 times in just two years, demonstrating strong expansion capabilities and market penetration speed. From creating explosive products to covering all scenarios, reshaping the logic of continuous growth in photovoltaic energy storage Stiger New Energy's prospectus shows a steep and high-quality growth curve. The company's revenue soared from 580 million yuan in 2023 to 9 billion yuan in 2025, achieving over 150 times explosive growth in just two years. Accompanying the rapid increase in revenue is the surge in profitability: the gross profit margin rose from 31.3% to 50.1%; the adjusted net profit margin in 2025 reached 35.9%, both core indicators ranking at the forefront of the global distributed energy storage industry. This completely breaks the old narrative of the energy storage industry of "trading price for volume" and "bleeding growth," verifying the establishment of a new benchmark for high-quality growth in the industry through cutting-edge technology entering the high-end market and achieving unified growth speed and profit quality. The core support for this quality growth comes from the company's systematic innovation at the product level. Stiger New Energy's core product SigenStor, with its globally pioneering "five-in-one" design concept, reshapes the system form of distributed energy storage. SigenStor deeply integrates photovoltaic inverters, energy storage inverters (PCS), energy storage batteries, DC fast charging modules, and energy management systems (EMS). Based on modular stacking design, installers can simplify installation and flexible expansion like building "LEGO." This highly integrated and standardized system architecture not only optimizes installation experience but also provides a key foundation for channel scale replication and global promotion. At the system capability level, Stiger achieves near-zero millisecond level grid-off and grid-on switching technology through software-hardware collaborative design and system control optimization, significantly enhancing the energy system's operational continuity and risk resistance. Compared to traditional backup power solutions, its "seamless switching" feature can minimize the impact of grid fluctuations or interruptions on end-user electricity consumption. It ensures the continuous operation of critical loads in household scenarios and effectively avoids production and operational losses caused by momentary power outages in industrial and commercial scenarios. Based on this, Stiger New Energy's competitive advantage further materializes in its cross-scenario systematic layout. The company has built a complete product system covering household, industrial and commercial, and large ground station scenarios. In household and industrial and commercial scenarios, Stiger adheres to a modular, highly integrated, and scalable design to make the system deployable and continuously upgradable; in ground scenarios, Stiger adheres to the concept of "high returns, long-term safety and reliability, and simple operation and maintenance" to provide customers with long-term value. More critically, this multi-scenario layout is not simply a product line extension but is built on a unified technological foundation platform. Stiger achieves technological synergy and capability reuse between different products and scenarios through integrated software-hardware design, unified data architecture, and control logic. This system not only enhances R&D efficiency and product iteration speed but also provides a fundamental support for the company's global scale replication and long-term profitability. AI ecosystem "growth flywheel" for a leap in value essence At a critical juncture where global energy transformation is moving towards intelligence and systematization, energy management is shifting from individual device control to multi-device coordination and global optimization. Unlike the industry's common practice of embedding AI as a functional module, Stiger proposes the "AI in All" strategy, viewing AI as a fundamental capability running through product design, manufacturing process, system operation, and user interaction. Through this way, fragmented devices, complex energy flows, and diverse application scenarios are integrated into a highly coordinated whole, enabling the entire energy system to have unified scheduling and continuous evolution capabilities. Based on this strategy, Stiger's core products reserve computing power, data interfaces, and control capabilities at the architectural design stage, whether it is SigenStor in household systems, AC charging piles, or industrial and commercial systems and large ground station products, they can seamlessly connect to the AI system. This means that what Stiger is building is not just a single device, but an energy system running across scenarios with AI as its core. Its competitive dimension has evolved from single product performance to comprehensive competition in system capabilities, ecological capabilities, and continuous evolution capabilities. The deeper value of Stiger's AI capabilities lies in forming a "growth flywheel" that can continuously strengthen itself. As the number of deployed devices worldwide continues to increase, while ensuring data security and user rights, the system can continuously accumulate real operational data such as weather, electricity prices, power generation, loads, and user energy consumption habits. These data continuously feed back to model optimization, making AI decisions more accurate, system operations more efficient, and user experience and economic benefits are enhanced. The larger the scale of equipment, the richer the data, the smarter the AI, the stronger the system value, and thus forming a deeper ecological barrier. More importantly, this capability is no longer just a technical concept but can directly commercial value. For example, in Sweden, Stiger's energy storage system has helped users achieve an average of 70% reduction in electricity bills in complex and high-frequency fluctuating electricity price environments, directly translating AI capabilities into tangible value, creating incremental value that traditional products cannot provide, and establishing a strong value anchor and willingness to pay in the high-end market. With its leading application of AI in the energy industry, Stiger New Energy has created a multi-dimensional competitive barrier that spans ecology, value creation, and technological architecture. This not only means that it has achieved leadership in product performance, but also signifies that it has fundamentally reshaped the industry paradigm from "energy equipment manufacturer" to "energy system platform with AI at its core." Accelerated globalization expansion, continuously leading in the high-end market With the continuous release of global photovoltaic energy storage market demand, Stiger New Energy is accelerating the implementation of its global strategy and deepening the systematic layout of overseas markets. As of December 31, 2025, the company has established partnerships with 172 distributors from 85 countries and more than 17,600 installers, covering core markets in Europe, Asia-Pacific, North America, and Africa, and extending to emerging regions such as Latin America, Central Asia, and South Asia, gradually forming a multi-level, distributed global market layout, providing broader space and diversified support for the company's future growth. At the same time, the company has also established a relatively complete sales, service, and technical support network globally, laying a solid foundation for the rapid deployment in high-threshold markets and becoming a long-term growth driver. In the context of the industry's transition from "scale expansion" to "value competition" and intensifying price competition, Stiger New Energy adheres to a development path of high-end and globalization in parallel. The company effectively avoids homogenized competition and continuously enhances product added value and brand premium by deeply integrating modular design, full-scenario integration, and AI scheduling algorithms through a "dimension-reducing strike" of technology. The prospectus shows that high-value markets such as Australia and Europe have become important support points for the company's business growth, ranking among the top two in sales revenue. As representatives of mature global power markets, these regions have extremely high requirements for the performance, safety, and system reliability of energy storage products, and are also considered as one of the most competitive markets in terms of technology and brand competition by the industry. A market report published by Australian energy consultancy SunWiz shows that Stiger New Energy achieved a leading market share in the system range below 1000kWh in Australia, Ireland, and South Africa in 2025; and is also in a leading position in markets such as the UK, Sweden, and the Netherlands. This series of market performances validate the company's product competitiveness and commercialization capability in high-end segmented markets. With the deepening of its global layout, Stiger New Energy is accelerating the synergistic upgrade of its supply system and manufacturing capabilities, providing solid support for the global market's scale delivery. Stiger New Energy has built three major manufacturing bases in Shanghai Lingang Holdings, Jinqiao, and Nantong, forming a global manufacturing and delivery network covering core components and system integration. Among them, Nantong Intelligent Energy Center was officially put into operation in the first quarter of 2026. As an important part of the company's manufacturing system, the Nantong Intelligent Energy Center has a total investment of 500 million yuan, a total construction area of 136,000 square meters, an annual capacity of over 300,000 inverters and energy storage PACKs, making it one of the largest single distributed energy storage factories in the world. This base not only undertakes the task of global market scale delivery but also ensures high-standard consistency from design to mass production through an integrated closed-loop system of "research and developmentmanufacturingdelivery," providing stable and replicable high-quality delivery capabilities for global customers. Unlike traditional manufacturing systems guided by "capacity expansion," Stiger builds an intelligent manufacturing platform with system-level collaborative capabilities through deep integration of digitalization and AI. Leveraging a unified data platform and MES industrial system, production, warehousing, quality, and energy management are linked throughout the process, enabling automated execution of production scheduling, process switching, and material flow, significantly improving delivery efficiency and operational stability. At the same time, through a "global chess game" digital management system, the company can real-time coordinate the production status and key indicators of various bases and achieve cross-regional coordination and dynamic capacity allocation, effectively responding to fluctuations in different market demands. With the synergistic system of "advanced manufacturing base + intelligent industrial system + deep AI empowerment," Stiger New Energy not only achieves the rapid release of scale production capacity but also establishes a global delivery capability with high consistency and reliability at its core. This capability enables the company to continuously provide stable and high-quality product supply in the process of expanding into the global market, significantly reducing delivery uncertainty and forming key manufacturing barriers that distinguish it from industry competitors. Stiger New Energy's successful listing hearing marks the beginning of a new era. The company's "light-speed" growth, over 150 times revenue explosion, and top-notch profitability in the industry announce to the market that competition in the energy storage industry is no longer a war of equipment and prices, but a comprehensive competition defined by AI in terms of systems, ecology, and long-term value.