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RelyEZ Energy and HSC New Energy have announced their plans for initial public offerings on the Hong Kong Stock Exchange in January 2026. RelyEZ reported a revenue of RMB 880 million for the first three quarters of 2025, primarily from large-scale energy storage systems, while HSC recorded approximately RMB 539 million in operating revenue but faced a net loss of RMB 103 million. Both companies are advancing in their respective sectors, with RelyEZ expanding internationally and HSC focusing on solid-state battery materials.