Core Viewpoint - Zhida Technology officially listed on the Hong Kong Stock Exchange, becoming the "global smart charging first stock" with a significant price increase on the first trading day [1][2] Group 1: Company Overview - Zhida Technology, established in 2010, focuses on smart home electric vehicle charging stations, creating a "product + service + digital platform" business model [1] - The company ranks first globally in home electric vehicle charging station sales, with a cumulative shipment of over 1.3 million units, holding approximately 9.0% market share globally and 13.6% in China [1] Group 2: Financial Performance - In Q1 2025, Zhida Technology achieved a revenue growth of 39.43% year-on-year, indicating strong growth momentum [2] - R&D investment increased by 15.45% year-on-year, with an R&D expense ratio of 6.26%, focusing on smart algorithms, cloud scheduling systems, AI charging control chips, and global IoT platform development [2] Group 3: International Expansion - The proportion of overseas revenue rose from 1.9% in 2022 to 12.1% in 2024, reflecting accelerated internationalization [2] - The company has established its first overseas factory in Thailand and plans to expand production and service systems in Thailand, Brazil, Saudi Arabia, and Germany [2] Group 4: Fundraising and Future Plans - Funds raised from the IPO will be primarily used for overseas capacity expansion, smart manufacturing upgrades, R&D innovation, and service system expansion [2]