TOPSUN(SZ:002779) 智通财经网·2025-11-25 23:36Core Viewpoint - Zhejiang Zhongjian Technology Co., Ltd. has submitted its application for listing on the Hong Kong Stock Exchange, positioning itself as a leading manufacturer in the outdoor power equipment sector in China, with plans to expand into the intelligent robotics market [1][3]. Company Overview - The company specializes in the research, design, production, and sales of outdoor power equipment and has established itself as a significant player in the industry through continuous technological innovation and high product quality [3]. - Zhongjian Technology has developed an intelligent lawn mower, marking its entry into the intelligent robotics field, and aims to provide efficient, environmentally friendly, and smart outdoor power equipment and robotics products globally [3][5]. Product Range - The product portfolio includes wheeled outdoor equipment and handheld outdoor tools, catering to various operational environments and user needs. Key products consist of riding mowers, push mowers, chainsaws, brush cutters, blowers, and hedge trimmers [4]. - The company has established multiple brands, including "TOPSUN" and "Zhongjian," to diversify revenue sources and reduce reliance on single products or markets [4]. Market Presence - Zhongjian Technology's products are exported to over 50 countries and regions, with significant sales originating from Europe and North America, serving applications in landscaping, lawn care, agricultural maintenance, and urban landscape management [3][5]. Financial Performance - The company's revenue for the years 2022, 2023, and projected for 2024 is RMB 512.43 million, RMB 666.19 million, and RMB 970.89 million, respectively [6][7]. - Net profit for the same years is approximately RMB 27.41 million, RMB 48.12 million, and RMB 61.51 million, respectively [8]. Research and Development - Research and development expenditures for 2022, 2023, and projected for 2024 are RMB 28.35 million, RMB 30.60 million, and RMB 72.68 million, respectively, indicating a strong commitment to innovation [9]. Industry Overview - The global outdoor power equipment market is projected to reach USD 25.7 billion in 2024, with a compound annual growth rate (CAGR) of 4.5% expected until 2029 [10]. - The intelligent lawn mower market is anticipated to grow from USD 1.2 billion in 2024 to USD 9.9 billion by 2029, with a remarkable CAGR of 51.8%, highlighting significant market potential and a shift in industry dynamics [10][12].