RelyEZ passes HKEX listing hearing with CMBI as sole sponsor

NewTimeSpace News: On 19 October 2026, the Stock Exchange of Hong Kong disclosed that RelyEZ Energy Storage Technology Co., Ltd. passed the listing hearing for the Main Board, with CMBI acting as sole sponsor. According to the prospectus, the Company is an integrated energy storage system (ESS) solutions provider in China, focusing on delivering comprehensive ESS solutions, hardware products, software systems/platforms and supporting services. It is engaged in the R&D, manufacturing and sales of ESS solutions and products, and provides supporting services to customers in China and overseas, with its solutions and products applied in a wide range of scenarios including large-scale energy storage power stations and commercial and industrial (C&I) applications.

The prospectus shows that, according to Frost & Sullivan, the Company ranked 10th in China's ESS solutions industry with shipment volume of 5.4 GWh (the total capacity of battery cells or systems sent from manufacturers to developers) in 2025 and a market share of 2.1%. By revenue mix, the Company derives revenue from large-scale ESS solutions, C&I ESS solutions, sales of ESS products, and O&M and entrusted power trading services added since 2025.

Financially, the prospectus shows revenue rising from RMB434.6 million in 2023 to RMB1,144.1 million in 2024 and further to RMB1,867.6 million in 2025, with revenue of RMB279.9 million for the four months ended 30 April 2026. Overseas revenue was first recorded in 2025 at RMB8.8 million from the United States and Spain, and expanded to RMB124.9 million from Poland and Hungary in the four months ended 30 April 2026.