Core Viewpoint - The company, ZhiDa Technology, has successfully passed the Hong Kong Stock Exchange listing hearing, marking its entry into the international capital market as the world's largest supplier of home electric vehicle charging solutions [1] Group 1: Company Overview - Founded in November 2010 by Huang Zhiming, ZhiDa Technology focuses on various home electric vehicle charging stations and related accessories, becoming one of the leading global suppliers in this field [2] - According to a Frost & Sullivan report, ZhiDa Technology ranks first in global home electric vehicle charging station sales, holding a market share of approximately 9% [2] - The company has accelerated its international expansion since 2021, with its brand "Zeeda" entering 22 countries and regions, including ASEAN, the Middle East, Japan, South Korea, Africa, Europe, North America, South America, and Australia/New Zealand [2] Group 2: Financial Performance - ZhiDa Technology's overseas revenue proportion has increased significantly from 1.9% in 2022 to 12.1% in 2024, reflecting the effectiveness of its globalization strategy [2] - The company has improved its financial data structure, with a notable enhancement in performance due to its high-end and international layout [2] Group 3: Product Development and Innovation - The company has introduced new products such as electric vehicle charging robots and Energy Management Systems (EMS), which are expected to expand revenue and profit growth [2] - ZhiDa Technology's charging robots are projected to achieve over 40% gross margin, compared to approximately 20% for traditional charging stations, indicating a strong potential for profitability [3] - The company has increased its R&D investment from 34 million yuan in 2022 to 56 million yuan in 2024, with R&D expenditure as a percentage of revenue rising from 4.9% to 9.4% during the same period [3] Group 4: Industry Trends - The global electric vehicle market is rapidly growing, with sales expected to rise from approximately 3 million units in 2020 to over 17 million units by 2024, reflecting a compound annual growth rate of 55.1% [7] - In China, the penetration rate of new energy vehicles is projected to reach 45.5% by August 2025, with sales of 9.62 million units in the first eight months of 2025, a year-on-year increase of 36.7% [7] - The global market for home electric vehicle charging solutions is expected to reach 34.2 billion yuan by 2029, with a compound annual growth rate of 19.2% from 2024 to 2029 [8]