Core Viewpoint - Daheng Technology (Shenzhen) Co., Ltd. is preparing for its IPO on September 9, 2025, with a share price of HKD 49.5 and a total fundraising amount of HKD 392 million [3]. Financial Performance - Daheng Technology reported revenues of RMB 254.19 million, RMB 300.16 million, and RMB 450.72 million for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of RMB 77.93 million, RMB 101.49 million, and RMB 148.75 million [10][11]. - For the first four months of 2025, the company achieved revenues of RMB 184.74 million, up from RMB 125.75 million in the same period of 2024, with a profit of RMB 21.53 million compared to RMB 12.73 million in the previous year [11][12]. Shareholder Structure - Prior to the IPO, Dr. Han Dewei controlled 90.16% of the shares, while post-IPO, his ownership will decrease to 67.61% [15][23]. - Key cornerstone investors include Allianz Global Investors Asia Pacific, Greater Bay Area Fund Management, Harvest, and Weico Hong Kong, with a total subscription amount of USD 12.76 million [4][5]. Product and Market Strategy - Daheng Technology specializes in folding bicycles and has expanded its product range to include road bikes, mountain bikes, children's bikes, and electric assist bikes [6][10]. - The company’s online sales reached RMB 100.16 million in 2024, accounting for 22.2% of total revenue, indicating a strong digital sales strategy [12][13]. Management Team - The executive directors include Dr. Han Dewei, Ms. Li Guiyu, Ms. Liu Guocun, and Ms. Li Xiufen, with independent non-executive directors including Dr. Li Lisheng, Mr. Liu Xuequan, and Mr. Zhao Gensheng [17][18].
大行科工下周上市：募资总额3.9亿港元 获1276万美元基石投资