Xin Lang Cai Jing·2025-07-30 21:09Core Viewpoint - The company, Zida Technology, submitted its prospectus to the Hong Kong Stock Exchange on July 18, 2025, aiming for a main board listing, with Shenwan Hongyuan as the exclusive sponsor. It is the largest provider of home electric vehicle charging stations globally, reporting a revenue of RMB 5.9 billion in 2024 and a net loss of RMB 2.4 billion [1][6]. Company Overview - Zida Technology is recognized as one of the largest home electric vehicle charging solution providers globally, with a cumulative shipment of 1.3 million home electric vehicle charging stations worldwide, including 1.2 million in China. The company's market share in China reached 15.6% based on sales volume during the reporting period [1][11]. - The company has established the largest charging station service network in China, covering over 360 cities and completing 1.3 million installations and after-sales services as of March 31, 2025 [1][6]. Financial Performance - The company's revenue for the years ending December 31 was approximately RMB 7 billion, RMB 6.7 billion, and RMB 5.9 billion, with a compound annual growth rate (CAGR) of -7.73%. Gross profit was around RMB 1.4 billion, RMB 1.4 billion, and RMB 0.9 billion, with a CAGR of -21.04% [4]. - The net loss for the years was RMB -0.3 billion, RMB -0.6 billion, and RMB -2.4 billion, with a CAGR of 206.28%. The gross margin was approximately 20.38%, 20.51%, and 14.93% [4][6]. Industry Outlook - The global market for home electric vehicle charging solutions is projected to reach RMB 47.6 billion by 2028, with a CAGR of 32.2% from 2023 to 2028. The market in China, Europe, North America, South America, the Middle East, and Southeast Asia is expected to grow at CAGRs of 16.2%, 30.8%, 39.7%, 93.1%, 66.5%, and 113.6%, respectively [7]. Competitive Position - Zida Technology ranks first in both sales volume and revenue market share in the Chinese home electric vehicle charging station market, with shares of approximately 15.6% and 11.8%, respectively [10][11]. - The company supplies smart home electric vehicle charging stations and accessories to seven of the top ten mainstream automobile manufacturers in China and has expanded its products and services to eight countries [1][10].