Xin Lang Cai Jing·2025-10-01 09:10Core Viewpoint - Zhida Technology is preparing for its IPO on the Hong Kong Stock Exchange, aiming to raise up to HKD 500 million with no cornerstone investors involved [3][5]. Financial Performance - Zhida Technology reported revenues of RMB 697.06 million, RMB 670.73 million, and RMB 593.41 million for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of RMB 142.07 million, RMB 137.53 million, and RMB 88.58 million [6][8]. - The company incurred losses of RMB 25.15 million, RMB 58.12 million, and RMB 235.90 million for the years 2022, 2023, and 2024 respectively [6][8]. - For the first three months of 2025, Zhida Technology reported revenues of RMB 21.71 million, an increase from RMB 15.56 million in the same period of the previous year, with a reduced operating loss of RMB 1.16 million compared to RMB 2.69 million [7]. Business Model - Zhida Technology focuses on providing high-quality smart home electric vehicle charging solutions, integrating high-quality products, value-added services, and a digital platform [5]. Shareholding Structure - Prior to the IPO, major shareholders include Dr. Huang Zhiming with 27.99%, Tongdu Trading with 15.4%, and BYD holding 3.52% [9][12][15]. - Post-IPO, Dr. Huang's shareholding will decrease to 25.19%, while Tongdu Trading's will reduce to 13.86% [15]. Cash Flow - As of March 31, 2025, Zhida Technology held cash and cash equivalents of RMB 146.17 million, down from RMB 195.07 million at the end of the previous year [8].