HK Stock Market Move | SHUANGDENG (06960) rose nearly 6% in early trading, and the company has decided to invest in the construction of a 12GWh semi-solid AIDC energy storage cell project.

SHUANGDENG (06960) rose nearly 6% in early trading, rising 4.29% to HK$14.09 as of press time, with a turnover of HK$42.425 million. On the news front, SHUANGDENG announced that the company has entered into an agreement with the Xuyi District Government of Jiangsu Province. According to the agreement, the company will build and layout a 12GWh semi-solid-state artificial intelligence data center (AIDC) energy storage core and system integration project in the Xuyi Economic Development Zone of Jiangsu Province. The investment plan will be gradually implemented by the company. The announcement stated that the company's new energy storage business is expected to achieve a significant year-on-year increase in revenue by 2025, nearly doubling. Market orders remain sufficient. To meet the rapidly growing market demand, the company has decided to invest in the construction of the 12GWh semi-solid-state AIDC energy storage core project to seize the market opportunities brought by industry development and policy support, further strengthen the company's market position in the AIDC smart computing center energy storage application scenarios, and support the long-term business expansion and sustainable development of the group.