New Stock Debut | Yuaxin Energy Storage (09621) debuts on its first trading day, opening 114.72% higher in morning session; the company ranks tenth in China's energy storage system solutions industry

Yuaxin Energy Storage (09621) debuted on its first trading day. According to the announcement, the offer price was HK$9.78 per share, with a total of 57,540,500 shares issued, trading in board lots of 500 shares, and net proceeds of approximately HK$504 million. As of press time, the stock rose 114.72% to HK$21, with turnover of HK$118 million. Public information shows that Yuaxin Energy Storage is a Chinese integrated energy storage system solutions provider, focused on offering comprehensive energy storage system solutions, hardware products, software system platforms and supporting services, covering all key stages of energy storage projects from energy storage asset development and delivery to operation and management. The company is engaged in the research and development, manufacturing and sales of energy storage system solutions and products, and provides supporting services to customers in China and overseas. The company's energy storage system solutions and products can be applied in a variety of scenarios, including large-scale energy storage stations and commercial and industrial applications. According to Frost & Sullivan, the company ranked tenth in China's energy storage system solutions industry in 2025 with shipments of 5.4GWh and a market share of 2.1%.