PaiNeng Technology saw an increase of 5.78% in its stock price, reaching 39.7 yuan per share on April 28, 2025. As of 10:45 AM, the trading volume was 2.23 billion yuan, resulting in a turnover rate of 2.34%, and the company’s total market capitalization stood at 9.741 billion yuan.
According to the data, Shanghai PaiNeng Energy Technology Co., Ltd. is located at 300 Miao Qiao Road, Kang Qiao Town, Pudong New District, Shanghai. The company specializes in the energy storage sector and is dedicated to providing industry-leading energy storage products and solutions that cover a wide range of applications. To date, it has successfully delivered over 1 million energy storage systems, serving clients in more than 80 countries and regions.
Founded in 2009, PaiNeng Technology went public on the Science and Technology Innovation Board in 2020 (stock code: 688063). The company has vertically integrated its operations and mastered core technologies across the entire energy storage industry chain, including critical technologies such as battery cells and battery management systems. As of September 30, the number of shareholders in PaiNeng Technology reached 23,200, with an average of 10,600 circulating shares per person.
For the period between January and September 2024, PaiNeng Technology reported an operating income of 1.412 billion yuan, reflecting a year-on-year decrease of 53.69%. The net profit attributable to shareholders was 37.37 million yuan, a decline of 94.29% compared to the previous year.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/pioneer-technology-shares-rise-5-78-to-39-7-yuan-amid-strong-market-activity/
