Core Viewpoint - The article highlights the successful IPO of Zhida Technology, which has become a leader in the home electric vehicle charging station market in China, reflecting the growing interest in the green energy sector and the company's strong technological capabilities [4][6]. Company Overview - Zhida Technology was founded in 2010, emerging from a research project at Tongji University focused on electric vehicle charging technology [5][10]. - The company has evolved into a major player in the home charging station market, ranking first in China by sales volume and second globally [12][18]. IPO Details - On October 10, 2023, Zhida Technology was listed on the Hong Kong Stock Exchange, opening at HKD 190 per share, a 183.92% increase from its IPO price of HKD 66.92, with a total market capitalization of HKD 11.3 billion [4][6]. - The IPO saw over 5000 times oversubscription, with approximately HKD 250 billion in frozen funds, setting a new record for the Hong Kong stock market in the new energy sector [4][6]. Market Position - According to Frost & Sullivan, Zhida Technology holds a 13.6% market share in China's home electric vehicle charging station sales and a 9.0% share globally [12][18]. - The company has developed a comprehensive ecosystem around charging solutions, including products, services, and digital platforms, aiming to connect households with sustainable energy [5][20]. Financial Performance - Despite being a market leader, Zhida Technology has faced continuous losses since its inception, with net losses of CNY 25.1 million in 2022 and projected losses of CNY 236 million in 2024 [18][19]. - The company has invested heavily in R&D and market expansion, which has temporarily impacted profitability but is expected to enhance long-term competitiveness [19][21]. Future Outlook - The company is focusing on a dual strategy of "technology + ecosystem" to drive growth, with plans to scale high-margin products like charging robots and energy management solutions [20][21]. - As electric vehicle penetration increases and home charging demand rises, Zhida Technology is positioned to capitalize on these trends and potentially achieve profitability in the future [21].