Changes in Hong Kong stocks | Yuanxin Energy Storage (09621) surged nearly 40% the day after listing and surged 129% yesterday, Diver's public sale was more than a thousand times subscribed

The Zhitong Finance App learned that Yuanxin Energy Storage (09621) surged nearly 40% the day after listing. As of press release, it had risen 37.49% to HK$21.4, with a turnover of HK$37.583,400.

On the news side, Yuanxin Energy Storage focuses on providing comprehensive energy storage system solutions, hardware products, software systems/platforms and supporting services. 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's data quoted in the prospectus, 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.

The company was oversubscribed by 1388.75 times during the Hong Kong public sale phase, making it one of the new energy storage stocks that has received much attention in the Hong Kong stock market recently. It is worth noting that Yuanxin Energy Storage once rose by more than 129% yesterday, but it dived fast in the last half hour near the close, and eventually closed up 59%. On the financial side, from 2023 to 2025, the company's revenue increased from 435 million yuan to 1,888 million yuan, and net profit increased from 40.74 million yuan to 154 million yuan. In the first four months of this year, the company achieved revenue of 280 million yuan, an increase of about 32 times over the previous year.