大行科工通过港股聆讯，系内地最大折叠自行车企业

Group 1 - The core point of the article is that Dahang Kegong has passed the hearing for its IPO on the Hong Kong Stock Exchange, marking a significant step towards its listing after submitting its prospectus multiple times since January 2025 [2][3] - Dahang Kegong is the largest folding bicycle company in mainland China, holding a market share of 26.3% in retail volume and 36.5% in retail value as of 2024 [4] - The company's revenue and net profit have shown substantial growth, with 2024 figures indicating over 50% growth in both metrics compared to previous years [4] Group 2 - Dahang Kegong's product focus is on mid to high-end folding bicycles, with sales in the mid-range segment increasing from 50.6% in 2022 to 69.5% in 2024 [5] - The company has faced challenges with production capacity, as its own factory in Huizhou has exceeded 100% utilization, leading to a reliance on third-party OEM factories for production [5] - Despite financial growth, Dahang Kegong has been criticized for not paying employee social security while distributing significant dividends to shareholders, totaling nearly 60 million yuan during the reporting period [6]