Sigenergy Clears Hong Kong Listing Hearing as Revenue Hits $1.25 Billion

Sigenergy Clears Hong Kong Listing Hearing as Revenue Hits $1.25 Billion

Sigenergy has passed its Hong Kong IPO hearing, marking a key step toward listing, as the company reported rapid growth driven by AI-powered energy storage systems.

According to its filing, revenue surged from ≈ $8 million (RMB 58 million) in 2023 to ≈ $1.25 billion (RMB 9 billion) in 2025—an increase of more than 150×. Gross margin improved from 31.3% to 50.1%, while adjusted net profit reached ≈ $450 million (RMB 3.24 billion).

Sigenergy’s flagship product, SigenStor, integrates a photovoltaic inverter, DC charging module, power conversion system (PCS), battery storage, and energy management system (EMS) into a modular, stackable platform.

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Sales of energy capacity grew rapidly, reaching 3,947 MWh in 2025, up from 18 MWh in 2023.

As of the end of 2025, the company had partnered with 172 distributors and more than 17,600 installers across 85 countries. Data from Australian consultancy SunWiz shows Sigenergy ranked No.1 in the sub-1,000 kWh segment in markets including Australia, Ireland, and South Africa.

Its new smart energy manufacturing facility in Nantong, launched in Q1 2026, has an annual capacity exceeding 300,000 units.

Source:IPOzaozhidao

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