Core Viewpoint - 大行科工 is the largest folding bicycle company in mainland China, with significant market shares in both retail volume and revenue for 2024 [3]. Company Overview - 大行科工 ranks first in the folding bicycle industry in mainland China, holding a market share of 26.3% in retail volume and 36.5% in retail revenue for 2024 [3]. - The company offers a diverse range of bicycle models, including folding bicycles, road bikes, mountain bikes, children's bikes, and electric assist bikes, with over 70 models available as of April 30, 2025 [3]. Sales and Distribution Network - 大行科工 has established a comprehensive sales and distribution network, collaborating with 38 distributors across 30 provincial-level administrative regions in China, covering 680 retail points [4]. - The company has expanded its online sales channels, achieving a significant increase in online direct sales revenue from 14.1 million RMB in 2022 to approximately 100 million RMB in 2024, representing a compound annual growth rate of 166.1% [4]. Business Growth - The company's sales volume increased from 148,956 units in 2022 to 156,877 units in 2023, and further to 229,525 units in 2024, with a compound annual growth rate of 24.1% [4]. - For the four months ending April 30, 2025, sales volume surged by 46.5% compared to the same period in the previous year [4]. Financial Performance - 大行科工's revenue for the fiscal years 2022, 2023, and 2024 was approximately 254.2 million RMB, 300.2 million RMB, and 451 million RMB, respectively [5]. - The company's profit and total comprehensive income for the same periods were 31.4 million RMB, 34.9 million RMB, and 52.3 million RMB, respectively [5].
大行科工通过港交所聆讯 为中国内地最大的折叠自行车公司
Zhi Tong Cai Jing·2025-08-25 02:52