Shanghai, Jan 18, 2026, 08:06 GMT+8 — The market has closed.
Sungrow Power Supply Co., Ltd.’s Shenzhen-listed A-shares jumped 3.34% on Friday following news of advancements in its efforts to supply power equipment for AI data centres. The shares closed at 170.99 yuan. (StockAnalysis)
The AIDC angle is crucial now as investors scramble for anything tied to artificial intelligence — not just the flashy chips and servers, but also the less glamorous infrastructure like power conversion and backup systems. For Sungrow, this creates a new storyline alongside its main solar and energy-storage businesses.
The timing is tense for onshore markets. China’s securities regulator vowed stricter supervision and a crackdown on excessive speculation following exchanges’ decision to raise margin requirements for fresh leveraged stock purchases. (Reuters)
On Friday, Sungrow revealed on an investor Q&A platform that it’s expanding into the AIDC sector — that’s AI data-centre power supply. The company is collaborating with top cloud service providers and major domestic internet players on product development. They expect to start small-scale deliveries with products “landed” by 2026. (Sohu Mobile)
When asked about U.S. policy risks tied to the Inflation Reduction Act (IRA), which is shaking up clean-energy supply chains, the company clarified it doesn’t have any factories in Mexico. It also plans to keep a close eye on policy shifts abroad. Sungrow mentioned its energy-storage gross margin has remained fairly steady and that it will boost spending on product development and technical services to stay competitive amid ongoing price pressure. (Sina Finance)
Broker research pushed the stock higher late in the session. Haitong International’s Xu Baiqiao and Li Danyi kicked off coverage on Sungrow with an “accumulate” rating and set a 206 yuan price target, highlighting energy storage as a major growth avenue. (Sohu Mobile)
The broader market dipped on Friday. China’s Shanghai Composite closed 0.26% lower, and the Shenzhen Component Index edged down 0.18%, according to state media. (Xinhua News)
Solar stocks edged higher, outpacing the broader market. Sungrow led the sector with a 3.34% jump, while LONGi Green Energy climbed 1.24%, according to Interactive Brokers’ market wrap. (Interactive Brokers)
The AIDC story is still in its infancy and hinges on execution. Data-centre power contracts often take time to materialize, and storage prices could quickly rebound if competitors ramp up volume or if international regulations clamp down once more.
Monday brings a key policy shift: starting Jan. 19, exchanges will enforce a higher minimum margin ratio for new margin-financing trades, meaning investors must put up more cash when buying stocks on borrowed funds. Traders will be on alert to see if this curbs risk-taking right out of the gate. (Sina Finance)
