Sungrow Renews Hong Kong IPO Bid Amid Clean Energy Surge
Sungrow Power Supply, a Shenzhen-listed solar inverter and energy storage system manufacturer, has refiled its application for a Hong Kong initial public offering. The renewed submission to the Hong Kong stock exchange follows the lapse of an earlier filing from October. The company's PV inverter shipments have held the top global position for a decade, commanding over 25% market share in 2024. Cumulative energy storage system shipments exceeded 93 gigawatt-hours by end-2025. The refiling coincides with a wave of mainland Chinese companies submitting listing documents, signaling a revival in Hong Kong's IPO pipeline. Sungrow's business has increasingly pivoted toward energy storage, driven by rapid global demand from the renewable energy transition.
Key facts
- Sungrow refiled its Hong Kong IPO application after an earlier October filing lapsed.
- The company is a Shenzhen-listed solar inverter and energy storage system maker.
- PV inverter shipments held the top global position for a decade.
- Market share exceeded 25% in 2024.
- Cumulative energy storage shipments surpassed 93 GWh by end-2025.
- The refiling is part of a cluster of mainland Chinese companies submitting listing documents.
- Sungrow's business has shifted toward energy storage due to global demand for renewable power.
- The Hong Kong IPO pipeline is showing signs of pickup.
Entities
Institutions
- Sungrow Power Supply
- Hong Kong Stock Exchange
Locations
- China
- Hong Kong
- Shenzhen