Shuangdeng Posts Interim Loss as Revenue Surges 17.4% on AI Data Center Push

Stock News
08/21

SHUANGDENG (06960) has released its interim results for the six months ended June 30, 2026, revealing a swing to a loss attributable to shareholders amid robust revenue growth.

The group generated revenue of approximately RMB 2.6368 billion, marking a year-on-year increase of about 17.4%. However, the company reported a loss attributable to owners of the parent of RMB 25.994 million, a sharp reversal from a profit of RMB 161 million recorded in the corresponding period last year. The loss per share stood at RMB 0.06.

During the reporting period, the group has steadfastly advanced its "one core, two wings" business strategy, positioning AI data center (AIDC) smart computing energy storage as the core growth engine while leveraging new-type power storage and communication energy storage as two key pillars. This approach has continuously driven the optimization of both business and revenue structure.

As AIDC energy storage and new-type power storage businesses accelerate their expansion, the group's revenue growth momentum is transitioning from being primarily driven by communication energy storage to a new phase led by AIDC energy infrastructure, supported by coordinated multi-business development. The group is also accelerating its transformation from a traditional communication energy storage product supplier into a global provider of energy infrastructure solutions for AIDC smart computing centers, with the effectiveness of this strategic shift and business structure upgrade becoming increasingly evident.

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