涛涛车业拟赴港上市，加速全球化布局与“A+H”双平台战略落地

Core Viewpoint - Zhejiang Taotao Vehicle Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy, international capital operation capabilities, and brand influence for long-term development [1][2]. Group 1: Globalization Strategy - The issuance of H-shares is a strategic move to further connect with international capital markets and establish an "A+H" dual financing platform following the company's listing on the Shenzhen Stock Exchange in March 2023 [2]. - Hong Kong's open capital market and rich international investor resources will provide broader financing channels and flexible capital operation space for the company [2]. - Successful listing on the Hong Kong Stock Exchange will optimize the company's capital structure, reduce financing costs, and enhance risk resistance, supporting overseas capacity expansion, technology research and development, and brand building [2]. Group 2: Performance Highlights - In the first half of the year, the company achieved revenue of 1.713 billion yuan, a year-on-year increase of 23.19%, and a net profit of 342 million yuan, up 88.04% [3]. - The significant growth is primarily driven by the rapid expansion of the smart electric low-speed vehicle business, which saw a revenue increase of 30.65% year-on-year [3]. - The company has established competitive advantages across products, channels, manufacturing, and branding, with a product matrix that includes smart electric low-speed vehicles and specialty vehicles [3]. Group 3: R&D and Capacity Development - The company emphasizes R&D innovation with a focus on electrification, intelligence, and high-end technology, holding 506 domestic and international patents as of June 30, 2025 [4]. - Ongoing overseas base construction includes localized assembly of electric golf carts in the U.S., self-production capabilities for key components in Vietnam, and a planned factory in Thailand expected to be operational by 2026 [4]. - These developments enhance the company's responsiveness to the North American market and mitigate uncertainties from international trade friction [4]. Group 4: Significance of Hong Kong Listing - The successful issuance of H-shares will strengthen the company's capital base, providing solid financial support for overseas capacity construction, technology R&D, and channel expansion [5]. - The alignment with international market regulatory standards is expected to improve the company's governance transparency and management quality [5]. - The dual market strategy will optimize resource allocation, improve capital efficiency, and enhance overall risk resistance [5]. - The company aims to expand its product line and deepen channel development while exploring cutting-edge fields like humanoid robots and autonomous driving, driving product intelligence upgrades and creating new growth points [5].