EAGLERISE (CHINA): Re-Files for HKEX Listing for the Second Time; Ranks Second among Chinese Suppliers in Global MV Transformer Market

NewTimeSpace News: On 21 August 2026, Eaglerise Electric & Electronic (CHINA) Co., Ltd. submitted a listing application to the Main Board of the Stock Exchange of Hong Kong, with Guotai Junan International acting as the sole sponsor. The Company is a global power equipment and solutions provider, focusing on new energy, data centers, power distribution, industrial control and lighting, primarily specializing in transformer equipment products, while also providing customized integrated solutions for different application scenarios to empower global customers.

According to the announcement, transformer equipment is a key component of power equipment systems responsible for voltage conversion and energy transmission. By rated voltage level, transformer equipment is categorized into low voltage (below 1kV), medium voltage (1kV-35kV) and high voltage (above 35kV), with medium-voltage transformer equipment being key power distribution infrastructure for new energy and data center applications. During the track record period, the Company's medium-voltage transformer equipment products accounted for 68.9%, 70.7%, 68.0% and 70.2% of total revenue in 2023, 2024, 2025 and the six months ended 30 June 2026 respectively. By 2025 revenue, among the top five Chinese suppliers (collectively accounting for 9.8% of the market) in the global medium-voltage transformer equipment industry, the Company ranked second with a market share of 2.3%. The Company's medium-voltage transformer equipment portfolio includes distribution transformers, photovoltaic grid-connected step-up transformers, high-frequency components for photovoltaic inverters, box-type transformers and phase-shifting transformers, and it had entered more than 60 countries and regions globally as of 30 June 2026.

In terms of segment market positions, in the new energy transformer equipment industry, the Company generated revenue of approximately RMB 2.9 billion in 2025, accounting for approximately 3.5% of the global market, ranking second among Chinese suppliers; in the data center transformer equipment industry, it generated approximately RMB 200 million in revenue, representing approximately 2.3% of the global market, ranking third among Chinese suppliers; and in the lighting power supply industry, it generated approximately RMB 900 million in revenue, representing approximately 1.3% of the global market, ranking fourth among global suppliers. Driven by accelerated global energy transition and expanding computing demand, global power market demand is estimated to exceed 35,000 TWh by 2030, driving cumulative grid investment beyond USD 2 trillion and providing long-term market support for power infrastructure upgrades.

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