First day of the IPO | Yuanxin Energy Storage (09621) first listed in early trading and opened 114.72%, the company ranked 10th in China's energy storage system solutions industry

The Zhitong Finance App learned that Yuanxin Energy Storage (09621) was first listed. According to the announcement, the price per share was HK$9.78, and a total of 575.405 million shares were issued, 500 shares per lot, with a net proceeds of about HK$504 million. As of press release, it rose 114.72% to HK$21, with a turnover of HK$118 million.

According to public information, Yuanxin Energy Storage is a supplier of integrated energy storage system solutions in China. It focuses on providing 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 R&D, 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 to various scenarios, including large-scale energy storage power plants and industrial and commercial applications. According to Frost & Sullivan, the company ranked 10th in China's energy storage system solutions industry with a 5.4GWh shipment volume and 2.1% market share in 2025.