Hangxia Technology’s IPO: Solutions and Strategies for Energy Storage System Supply
On May 14, 2025, Hangxia Technology Co., Ltd. (referred to as “Hangxia Technology”) filed for an IPO on the Hong Kong Stock Exchange. The company is primarily engaged in providing solutions and products related to energy storage systems.
In recent years, the energy storage industry has been growing rapidly, driven by increasing demand for renewable energy sources. From 2022 to 2024, Hangxia Technology’s revenue is projected to grow from 1.42 billion yuan to 10.26 billion yuan, marking a substantial increase. Likewise, the company’s gross profit is expected to rise from 242.8 million yuan to 491.9 million yuan during the same period.
Hangxia Technology’s revenue is anticipated to experience a significant compound annual growth rate (CAGR) of 26.7%, declining to 15.1% by 2024. The company specializes in energy storage system solutions and is focused on providing services tailored to customers and end-users.
The business model of Hangxia Technology consists of three main components: intelligent energy storage system solutions, EPC services, and others. Notably, over 90% of the company’s revenue comes from intelligent energy storage system solutions.
By 2024, domestic revenue from Hangxia Technology is expected to account for 79.9% of its total, with Europe and other regions contributing approximately 10.2% and 9.7%, respectively. The company’s revenue concentration is relatively high.
In recent years, revenue growth has been rapid, with Hangxia Technology’s revenue from previous clients showing figures of 98.9%, 84.5%, and 66.5% over the last three years. The company has been expanding its business quickly, and its revenue is projected to increase from 1.42 billion yuan to 10.26 billion yuan from 2022 to 2024.
According to industry estimates, the energy storage market is expected to reach around 60 billion yuan by 2025, with Hangxia Technology anticipated to capture a significant share of this market. The latest estimates suggest that the company’s revenue could be around 60 billion yuan by then.
Overall, Hangxia Technology aims to leverage its expertise to enhance energy storage solutions, expand its service networks, and contribute to the growing demand for energy storage products.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/nexgen-technology-to-pursue-ipo-with-energy-management-solutions-strategy/
