SHUANGDENG (06960) surged over 9% again, rising 9.18% to HK$24.74 with trading volume of HK$54.98 million as of press time.

On the news front, Wu Yongming previously stated at the Alibaba Cloud Summit that by 2032, the energy consumption scale of Alibaba Cloud's global data centers will increase 10-fold. Recently, a relevant executive from SHUANGDENG explained that if AIDC energy consumption grows 10 times, it means backup power demand will also increase roughly 10-fold. More importantly, as the green energy + storage model is gradually promoted in data centers, the scale of energy storage systems will be much higher than traditional backup power scenarios, potentially opening up broader development opportunities for the company.

SHUANGDENG is positioned as a core AIDC energy storage stock, serving leading internet and data center operators including Alibaba, JD.com, Baidu, GDS Holdings, and Chindata Group, and has become Alibaba's major supplier for data center energy storage. According to Frost & Sullivan data cited in the prospectus, the company ranked first in global shipment volume among communication and data center energy storage battery suppliers in 2024, with a market share of 11%.