SHUANGDENG (06960) announced its interim results for the six months ended June 30, 2025. The group achieved revenue of RMB 2.246 billion, representing a year-on-year increase of 26.21%. Profit attributable to shareholders reached RMB 161 million, with basic earnings per share of RMB 0.45. Gross profit totaled RMB 336 million, up 0.43% compared to the same period last year.
According to the announcement, lead-acid battery business revenue for the six months ended June 30, 2025 grew 40% year-on-year, primarily attributed to the rapid expansion of the AIDC data center market. The surge in AI computing demand has prompted cloud service providers and telecommunications companies to invest heavily in AIDC data center construction. Lead-acid batteries have become the primary backup power solution for domestic AIDC data centers due to their high safety characteristics.
Driven by the AIDC data center market growth, the company is experiencing a new round of expansion, leveraging advantages such as its mature industrial chain and high market concentration among leading enterprises. The company maintains significant competitive advantages in AIDC data center energy storage, including technological capabilities, customer relationships, and market share, positioning it to fully benefit from industry growth trends.
Based on these fundamentals, the company's AIDC data center business revenue is expected to maintain rapid growth in the future, continuing to drive overall revenue growth and consolidating the company's market position in this sector. The company's research and development achievements in new technologies such as lithium and sodium batteries will gradually translate into actual productivity and economic benefits, providing technical support for business development.
Meanwhile, the continuous launch of new products will further enrich the company's product portfolio, better meeting diverse customer needs while enhancing market competitiveness and product added value. This development is expected to drive improvements in the company's overall gross margin and optimize its profit structure.