Hong Kong-listed Central New Energy (01735.HK) announced its 2025 revenue surged 82.64% year-over-year to approximately HK$11.02 billion, as the company laid out a new dual-track strategy focused on energy storage and artificial intelligence infrastructure.
The company announced its vision to become a “clean smart energy leader,” focusing on energy independence and next-generation solar technology while expanding downstream into green data services.
For the year, Central New Energy reported an operating profit of approximately HK$210 million, a 64.75% increase from the previous year. EBITDA grew 34.1% to HK$322 million, while net profit for the year rose 12.27% to HK$60.73 million.
The strategic pivot comes as demand for reliable energy storage skyrockets, driven by the expansion of renewable energy and power-hungry AI data centers. The company's plan to build its own green-powered AI computing center aims to directly capitalize on this trend, creating a vertically integrated model from power generation to data services.
Dual-Track Strategy Takes Shape
Central New Energy is actively extending its reach from manufacturing into downstream applications. The company’s high-efficiency N-type solar cell and module projects in Huainan凤台 and Anqing桐城 are now fully operational. Meanwhile, its integrated photovoltaic manufacturing and energy storage project in Ningxia is proceeding in an orderly fashion.
This industrial base will support the company's goal of building a comprehensive "generation-storage-application" energy network. The plan to construct an AI computing center powered by its own green electricity represents a significant move to capture value in the booming market for green data services. The company also noted it has signed multiple cooperation frameworks related to sustainable aviation fuel and clean energy projects along the "Belt and Road" initiative.
Context From the Broader Energy Market
Central New Energy's move into storage mirrors a larger industry trend of diversifying beyond lithium-ion batteries to ensure grid stability. As a recent example of the intense investor interest in this space, California-based EnerVenue recently raised $300 million to scale up its nickel-hydrogen batteries, a technology originally developed for aerospace use by NASA [1]. The global push for long-duration, safe, and reliable energy storage to support AI and renewables is attracting significant capital, a tailwind for Central New Energy's new strategic direction.
The company's strong revenue growth provides a solid foundation for its expansion into these capital-intensive sectors. Investors will be closely watching the execution of its AI computing center plans and the progress of the Ningxia energy storage project as key indicators of the strategy's success.
This article is for informational purposes only and does not constitute investment advice.
