Between December 30 and January 2, Haier New Energy, Fox ESS, and EVE Energy successively disclosed new developments related to their listing plans.
01 Haier New Energy Launches IPO Tutoring
On December 31, 2025, Haier New Energy completed its IPO tutoring filing with the Qingdao branch of the China Securities Regulatory Commission, officially initiating its IPO process. Guotai Haitong Securities serves as the tutoring institution.
Alongside the completion of the tutoring filing, the company was formally renamed Haier New Energy Technology Co., Ltd., with changes made to key management members. Its registered capital was increased from RMB 287 million to RMB 337 million.
Founded on May 11, 2022, Haier New Energy is registered in Jimo District, Qingdao, with Dong Zeng as its legal representative. The company’s controlling shareholder is Qingdao Nahui Holding Co., Ltd., a wholly owned subsidiary of Haier Group, which directly holds a 59.4% equity stake.
In October 2025, Haier New Energy completed its Series A financing, attracting well-known investors including PetroChina Kunlun Capital and Xinghang Capital, with total funds raised exceeding RMB 700 million.
At present, Phase I of Haier New Energy’s Industrial Internet Eco-Park has commenced trial production. The facility mainly manufactures photovoltaic inverters, energy storage converters, scenario-based products, and balcony PV kits. A total of 13 specialized production lines have been deployed, including five inverter production lines and eight PCB production lines, fully covering the entire value chain of R&D, manufacturing, and sales of intelligent energy controllers.
02 Fox ESS Updates and Resubmits Its Prospectus
According to the official website of the Shenzhen Stock Exchange, Fox ESS updated and resubmitted its prospectus on December 30, with Guotai Haitong Securities acting as the sponsor.
This updated prospectus mainly supplements the latest financial data and business developments for the first half of 2025, marking steady progress in the company’s push toward an IPO on the ChiNext board of the Shenzhen Stock Exchange.
Through this IPO, Fox ESS plans to raise a total of RMB 1.661 billion. The proceeds will be used for the construction of an industrial park with an annual capacity of 1 million sets of intelligent energy storage products, the development of an R&D center, the build-out of marketing and technical service systems, and the replenishment of working capital.
In terms of performance, from 2022 to 2024 and in the first half of 2025, Fox ESS recorded revenues of approximately RMB 2.486 billion, RMB 2.90 billion, RMB 3.392 billion, and RMB 2.242 billion, respectively, while net profit attributable to shareholders amounted to about RMB 199 million, RMB 149 million, RMB 267 million, and RMB 242 million.
Over the same periods, overseas revenue accounted for 95.24%, 93.85%, 97.54%, and 99.16% of total revenue, respectively. Europe remains the company’s core shipment market, with Germany, the UK, and Poland together contributing more than 60% of total sales.
03 EVE Energy Makes a Second HKEX Filing
On January 2, 2026, the Hong Kong Stock Exchange disclosed that EVE Energy Co., Ltd. had submitted a listing application, with CITIC Securities acting as its sole sponsor.
The company had previously filed an application with the HKEX on June 30, 2025. This latest submission represents a second filing following the lapse of the earlier prospectus.
According to the information disclosed in the prospectus, the funds raised in this offering will mainly be used for the construction of EVE Energy’s Hungary project. Major expenditures will include factory construction and the procurement of machinery and equipment related to the project.
The Hungary project has already commenced construction and is expected to enter operation in 2027. It is planned to have a total capacity of 30 GWh, with a primary focus on the production of power batteries, mainly 46-series large cylindrical battery cells.
Source：EnergyTrend
