Core Viewpoint - Zhidatech (02650.HK) successfully listed on the Hong Kong Stock Exchange, achieving over 5000 times subscription in its public offering, raising over HKD 250 billion, making it the most oversubscribed new energy stock in Hong Kong this year [2] Group 1: Market Position and Performance - Zhidatech ranks first in China in terms of sales and revenue of home electric vehicle charging piles, with a market share of 13.6% in China and 9.0% globally during the historical record period [2][3] - The company has shipped a total of 1.3 million home electric vehicle charging piles globally, with 1.2 million units shipped in China [3][4] - The global and Chinese market sales for home electric vehicle charging piles are projected to reach RMB 7.2 billion and RMB 3.5 billion respectively in 2024 [10] Group 2: Product and Service Offerings - Zhidatech provides a "three-in-one" home charging solution consisting of products, services, and a digital platform, focusing on smart home electric vehicle charging piles [3][4] - The company has developed advanced products with high gross margins, including electric vehicle charging robots and EMS solutions [3] Group 3: Expansion and Infrastructure - Zhidatech has established the largest electric vehicle charging pile service network in China, covering over 360 cities and completing 1.3 million installation and after-sales service tasks [4] - The company has a manufacturing facility in Anhui, China, and is expanding with a new factory in Thailand, which began operations in April 2024, to support Southeast Asia's market demand [7] Group 4: Financial Performance - Zhidatech recorded revenues of RMB 697 million, RMB 671 million, and RMB 593 million for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of RMB 142 million, RMB 138 million, and RMB 88.6 million [11] - The company incurred annual losses of RMB 25.1 million, RMB 58.1 million, and RMB 236 million during the same periods [11] Group 5: Use of IPO Proceeds - Approximately 38.0% of the net proceeds from the IPO will be used for overseas expansion, 36.5% for R&D to enhance product offerings and digital capabilities, and 10.0% for acquisitions to improve comprehensive energy management solutions [12]
“全球智能充电第一股”挚达科技正式登陆港交所，开盘涨超193%，今年港股新股新能源领域超购王