HK Movers | Storage Shares Rally. Sigenergy Soars 76% on First Day; Lopal Tech Rises 21% on Projected Q1 Profit Turnaround

Storage shares rallied in Hong Kong. Sigenergy up 76% in its first trading day; Lopal Tech up 21%; CATL up naerly 10% to new high; Leoch Int’l up over 8%.

Sigenergy Technology Co, a China-based energy storage firm, surged 75.66% in its first trading day.

The Shanghai‑based company develops and manufactures smart energy storage systems, including battery products, inverters and energy management software, serving residential and commercial customers as demand for clean energy solutions rises.

CLSA, Asia's leading capital markets and investment group and the international platform of CITIC Securities, China's largest investment bank, is among the deal's joint sponsors.

Proceeds from the listing will be used primarily to expand production capacity, fund research and development, and strengthen sales-and-service networks, the company said in the prospectus.

Lopal Tech saw its shares rise more than 21%. The company issued an announcement projecting its revenue for the first quarter of 2026 to be between RMB 3.300 billion and RMB 3.600 billion. This represents a significant increase of 107.25% to 126.09% compared to the same period last year. Total profit for the first quarter of 2026 is expected to be in the range of RMB 280 million to RMB 330 million, a substantial growth of 901.17% to 1,044.24% year-on-year, indicating a shift from loss to profit.

The company anticipates net profit attributable to shareholders of the listed company to be between RMB 200 million and RMB 250 million for the first quarter of 2026, also marking a return to profitability. Furthermore, it expects net profit attributable to shareholders after deducting non-recurring gains and losses to be in the range of RMB 180 million to RMB 230 million, achieving a turnaround.