大行科工年内二次递表港交所 折叠自行车冲刺资本市场

Core Viewpoint - The company, Dahan Technology (Shenzhen) Co., Ltd., has submitted its second listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, indicating its ambition for growth in the folding bicycle market [1] Group 1: Company Overview - Dahan Technology specializes in folding bicycles, a compact and portable bicycle type that can be easily stored and carried [1] - Founded by Dr. Han Dewei in 1982, the Dahan brand has gained a reputation for technological strength, innovation, craftsmanship, and a commitment to performance and product quality over 40 years [1] - As of 2024, Dahan Technology holds a significant market share of 26.3% in China's folding bicycle industry, which is a rapidly growing but still niche market within the overall bicycle sector [1] Group 2: Product Range and Innovation - The company has expanded its product lineup from folding bicycles to include road bikes, mountain bikes, children's bikes, and electric assist bikes, offering over 70 models by April 30, 2025 [1] - Dahan Technology is the brand with the most patents in China's folding bicycle industry, holding 113 valid patents domestically and 22 in the US, Europe, and Japan as of April 30, 2025 [2] - The company has shared a total of 360 patents, granting usage rights to 18 and 16 industry peers for its patented technology and brand [2] Group 3: Sales and Distribution - Dahan Technology has established a comprehensive and efficient sales and distribution network across both offline and online channels in mainland China, collaborating with 38 distributors covering 680 retail points [2] - The company has expanded its online sales, with direct sales revenue soaring from RMB 14.1 million in 2022 to RMB 100.2 million in 2024, reflecting a compound annual growth rate of 166.1% [2] - As of December 31, 2024, Dahan's products are also sold in 28 other countries and regions, including Southeast Asia, the US, and Europe, although this accounts for a relatively small portion of overall sales [2] Group 4: Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the four months ending April 30, 2025, were approximately RMB 250 million, RMB 300 million, RMB 450 million, and RMB 180 million, respectively [3] - Corresponding annual profit and total comprehensive income figures were RMB 31.4 million, RMB 34.9 million, RMB 52.3 million, and RMB 21.5 million for the same periods [3]