Core Viewpoint - DAHON TECH officially listed on the Hong Kong Stock Exchange, becoming a "star stock" in the capital market for 2025, highlighting strong investor interest and confidence [1][3]. Group 1: Company Overview - DAHON TECH is recognized as the world's largest manufacturer of folding bicycles, with over 40 years of experience and a strong reputation for technological strength, innovation, and product quality [5]. - The company has over 100 employee shareholders, indicating a unified commitment to long-term development [7]. Group 2: Market Performance - The public offering was highly successful, with subscriptions exceeding 7558 times, marking a new record in Hong Kong's history [7]. - In 2024, the company achieved significant growth, with sales surpassing 229,000 units, a year-on-year increase of approximately 46%, and revenue reaching around RMB 450 million, up about 50% [8]. - For the first four months of 2025, net profit increased by approximately 69.3%, from RMB 12.7 million to RMB 21.5 million [8]. Group 3: Industry Position - DAHON TECH holds a dominant position in the Chinese folding bicycle market, with retail volume and value shares of 26.3% and 36.5% respectively in 2024, making it the "dual champion" of the industry [9]. Group 4: Technological Innovation - The company has a leading patent portfolio with 135 effective patents, including 19 invention patents, which are crucial for maintaining competitive advantage [10]. - DAHON TECH's "Fast Lane" technology significantly enhances cycling efficiency and has been adopted by 16 companies, with 18 industry peers using its patented components [11]. Group 5: Product and Sales Strategy - The company offers over 70 models and is expanding into electric-assisted bicycles and electric motorcycles, creating a comprehensive product matrix for various scenarios [12]. - DAHON TECH has established a robust online and offline sales network, with over 680 retail outlets and a rapid growth rate of 166.1% in online direct sales from 2022 to 2024 [12]. Group 6: Future Outlook - The company plans to use the proceeds from the IPO for capacity expansion, R&D upgrades, and brand building, with a new factory expected to produce 200,000 units annually by Q1 2027 [14][15]. - The folding bicycle market in China is projected to grow from RMB 1.8 billion in 2024 to RMB 4.6 billion by 2029, with a compound annual growth rate of 21.2%, indicating strong future potential for DAHON TECH [16].
热烈庆祝DAHON大行科工香港上市：骑开得胜，共赴新程