November 2011! "AI + Light Storage Integration First Stock" SiGrid New Energy (06656) refreshes the fastest record of Hong Kong-listed IPO of Chinese enterprises, with investment from "all-star" capital such as Temasek and Hillhouse.

On April 16, SEG New Energy (06656) officially debuted on the Hong Kong Stock Exchange, becoming the first stock in the Hong Kong stock market to integrate "AI + light storage". It set a record for the fastest IPO by a Chinese enterprise in Hong Kong, with an oversubscription of nearly 800 times, also breaking the record for the highest oversubscription in a Hong Kong IPO in 2026. The company's market debut was highly anticipated by global capital. SEG New Energy opened strong on its first day of trading, rising over 80% and surpassing a market value of 140 billion Hong Kong dollars. Priced at 324.20 Hong Kong dollars per share, the company raised over 4.4 billion Hong Kong dollars in this IPO, and if the full amount of the over-allotment option (greenshoe) is exercised, the total fundraising will reach 5.06 billion Hong Kong dollars. The company was founded just 3 years and 11 months ago and has already successfully listed on the main board of the Hong Kong Stock Exchange. With a stellar lineup of global top investment institutions as cornerstone investors, it has become the most anticipated IPO project in the Hong Kong stock market in 2026. At the listing ceremony, Chairman and CEO Mr. Xu Yingtong and President Mr. Zhang Xianmiao witnessed the most important milestone in SEG New Energy's development journey. Mr. Xu Yingtong said in his speech, "Listing is a new starting point. We will adhere to the 'AI in All' strategy, deepen our presence in the energy storage field, increase R&D investment, strengthen technological barriers, and truly convert AI into customer value. We will continue to promote globalization, improve global networks, and tell the world the new energy story of Chinese manufacturing. We promise to repay every trust with more solid operations and excellent performance, striving to become a public company that investors trust and society acknowledges." SEG New Energy's listing received strong support from global capital, with a lineup of cornerstone investors that can be described as "all-star". This lineup includes top global sovereign funds such as Temasek, as well as leading international asset management institutions like Goldman Sachs Asset Management, UBS Asset Management, BNP Paribas Asset Management, as well as top investment institutions such as Hillhouse, CPE Source Point, Boyu Capital, Gao Yi Asset Management, and Jinglin Asset Management, and major insurance funds such as Pacific Insurance and Fuguo Fund, and also attracted professional investors focusing on different sectors, such as Oriza, Barling, Huadeng International, Lanxin Asia, and 3W Fund. With such diverse and top-tier capital gathered, there is a clear consensus that SEG New Energy is unanimously seen as a rare asset in the "AI + new energy" track, combining technological disruption, high business barriers, and growth certainty. This is not only a recognition of the company itself, but also a collective endorsement from the capital market of "AI native" as the core form of next-generation energy storage. Ultimately, the market performance will validate the favor from the capital. SEG New Energy's performance is impressive. According to the prospectus, from 2023 to 2025, the company's revenue surged from 58.3 million yuan to 9.001 billion yuan, a 154.4-fold increase in two years. What is even more remarkable is the continuous increase in its profitability, with its gross margin soaring from 31.3% in 2023 to 50.1% in 2025, and its adjusted net profit margin reaching 35.9% in the same period. SEG New Energy has successfully achieved synchronous rapid growth in scale and profit, confirming the differentiated competitive strength and business moat built by its "AI native" technology path. Extreme differentiation in AI +energy storage: leading in technological reconfiguration and ecological barriers SEG New Energy's strategic choices have fundamentally set it apart from the vast majority of companies in the industry since its inception. While most peers follow a gradual logic of "hardware first, AI empowerment", SEG New Energy has established a more thorough "AI native" path, integrating artificial intelligence into product design, manufacturing, and business models, achieving system intelligence and continuous evolution. The company's core product, the SigenStor five-in-one light storage integrated charging machine, integrates multiple core components such as inverters, DC charging modules, energy storage batteries, etc., through a modular and stackable design, achieving a deep integration of power electronics, cloud, and AI technology. It not only improves product performance, but also brings users a more convenient experience. In the complex dynamic electricity price market, SigenStor has already verified the practical value of the "AI native" system. Faced with hourly or even minute-level fluctuations in electricity prices, the traditional "low charge and high discharge" strategy based on fixed rules has been inadequate. SEG New Energy's AI system can comprehensively consider real-time electricity prices, photovoltaic forecasts, and user electricity consumption habits to achieve intelligent scheduling. In the Swedish market application, this system helped users reduce electricity costs on average by 70.3%, truly realizing a leap from simple response to multi-factor coordinated optimization, converting AI technology into actual benefits for users. SEG New Energy continuously strengthens its advantages through the "data-intelligence" loop. With the deployment of equipment globally, the system can continuously learn and optimize based on actual operational data, enhancing its intelligence. Higher levels of intelligence bring better economic benefits, enhance user reputation and stickiness, and form a scale effect. This data-driven closed loop is gradually building a long-term barrier for SEG in the energy AI field. Since its introduction to the market, SigenStor has won global recognition with its unique value proposition. According to the Frost & Sullivan report, in terms of product shipments, SEG New Energy has become the world's number one provider of stackable distributed light storage integrated machine solutions, with a market share of 28.6% in 2024. According to the SunWiz report, in 2025, SEG New Energys market share in the system range below 1000 kWh in Australia, Ireland, and South Africa remained at the top, and it also held a leading position in markets such as the UK, Sweden, and the Netherlands. Deep penetration into high-value markets not only brings rich commercial returns but also builds a solid brand moat. With the expansion into emerging markets in the Asia-Pacific, Latin America, and other regions, the company's growth space continues to open up. To support its rapid business development, SEG New Energy has established a comprehensive production capacity layout. The company currently has production bases in Shanghai Lingang Holdings, Jin Qiao, and Nantong, with an annual designed capacity of nearly 360,000 inverters and over 5.6 GWh of energy storage batteries by the end of 2025, providing solid support for further global expansion. The successful listing on the Hong Kong stock market is an important milestone for SEG New Energy to drive development through continuous innovation and gain recognition from the capital market for its high growth potential. This listing also marks the company's entrance into a new development stage. With the support of the capital market and the empowerment of high-quality institutional investors, SEG New Energy will further strengthen its resource integration capabilities, accelerate the global implementation of the "AI + energy storage" strategy, sustain its leading advantages in technology and market, lay a solid foundation for long-term growth, and expand into broader development space.