Core Viewpoint - Zhongjian Technology has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds for the industrialization of quadruped robots, upgrades of smart lawn mowers, and expansion of production bases in Thailand and China [2] Financial Performance - The company's net profit growth has significantly slowed, with a year-on-year increase of less than 2% in the first half of this year [2] - The net cash flow from operating activities dropped sharply from 102 million yuan in 2022 to 5.997 million yuan in 2024, a decrease of 94.12% [2][9] - Revenue for the reporting periods was 512 million yuan, 667 million yuan, 971 million yuan, and 503 million yuan, with corresponding net profits of 27.41 million yuan, 48.12 million yuan, 61.51 million yuan, and 45.68 million yuan [6] Sales and Market Presence - Overseas sales revenue increased to 95% in the first half of this year, with significant contributions from Europe and North America [3] - The company ranks among the top ten outdoor power equipment manufacturers in China, according to global revenue estimates for 2024 [2] Product Development and R&D - Zhongjian Technology is transitioning from traditional outdoor power equipment to advanced smart robots, with R&D expenses increasing by 127.3% from 17.2 million yuan in the first half of 2024 to 39 million yuan in the first half of this year [8] - The company has received recognition as a "specialized and innovative" small giant enterprise and as a high-tech enterprise in Zhejiang Province [2] Operational Challenges - The company has faced a decline in contract liabilities, which fell from approximately 29.9 million yuan in 2022 to 6.6 million yuan in 2024, a reduction of 46% [8] - The asset-liability ratio increased from 0.3% in 2022 to 14% by mid-2025, attributed to new bank loans and increased lease liabilities [9] Corporate Governance - The company's shares are highly concentrated, with the chairman and his family holding a combined 46.01% of the shares [11] - There have been compliance issues regarding social insurance and housing fund contributions for employees, attributed to local government interpretations of laws [11]

Core Insights - Zhongjian Technology has submitted a listing application to the Hong Kong Stock Exchange, with Ping An Securities (Hong Kong) and Guotai Junan Securities (Hong Kong) as joint sponsors [1] Company Overview - Zhongjian Technology is a high-tech enterprise primarily engaged in the research, design, production, and sales of outdoor power equipment, including wheeled outdoor equipment (such as riding and push lawn mowers) and handheld outdoor tools (such as chainsaws and brush cutters) [1] - The company ranks among the top ten outdoor power equipment manufacturers in China based on global revenue projections for 2024 [1] Market Potential - The global outdoor power equipment market is substantial and continues to grow, expected to reach USD 32 billion by 2029 [1] - The smart lawn mower and intelligent robot markets show significant potential, with projected compound annual growth rates of 51.8% and 118.9% from 2024 to 2029, respectively [1] Business Expansion - Zhongjian Technology is expanding its business scope by focusing on the research and manufacturing of advanced intelligent robots, having successfully launched its first smart lawn mower, UNICUT H1, and quadruped robot, Lingrui P1, in August 2024 [1]

Core Viewpoint - Zhejiang Zhongjian Technology Co., Ltd. has submitted an application to list 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 mowing robot, marking its entry into the smart robotics sector, while also focusing on advanced intelligent robot development [3][5]. - The company exports its products to over 50 countries and regions, with a significant portion of sales coming from Europe and North America, serving various applications such as landscaping, lawn care, agriculture, and urban management [3][5]. Product Portfolio - The product range includes wheeled outdoor equipment suitable for efficient mowing tasks, featuring strong power systems and enhanced operational comfort, with key products being riding mowers and push mowers [4]. - Handheld outdoor tools are designed for ease of use and efficiency, catering to home gardening and professional landscaping needs, including chainsaws, brush cutters, blowers, and hedge trimmers [4]. - The company has developed multiple proprietary brands, including "TOPSUN" and "Zhongjian," to diversify revenue sources and reduce reliance on single products or markets [4]. Financial Performance - Revenue figures for the company show a growth trajectory, with revenues of RMB 512.43 million in 2022, RMB 666.62 million in 2023, and projected revenues of RMB 970.89 million in 2024 [9]. - The net profit for the same periods was approximately RMB 27.41 million in 2022, RMB 48.12 million in 2023, and is projected to reach RMB 61.51 million in 2024 [10]. - Research and development expenditures have also increased, reflecting the company's commitment to innovation, with R&D spending of RMB 28.35 million in 2022, RMB 30.60 million in 2023, and projected to rise to RMB 72.68 million in 2024 [11]. Industry Overview - The global outdoor power equipment market is substantial and continues to grow, with a projected market size of USD 25.7 billion in 2024, expected to reach USD 32 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.5% [12]. - The smart lawn mower market is anticipated to experience rapid growth, with projections indicating an increase from USD 1.2 billion in 2024 to USD 9.9 billion by 2029, representing a remarkable CAGR of 51.8% [12][14]. - The intelligent robotics market is also on the rise, expected to grow from USD 500 million in 2024 to USD 27.4 billion by 2029, with a CAGR of 118.9% [15].

Core 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 lawnmower, 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 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 in Europe and North America, primarily used 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 666.62 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]. R&D Investment - 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, growing to USD 32 billion by 2029, with a compound annual growth rate (CAGR) of 4.5% [10]. - The intelligent lawnmower market is expected to grow from USD 1.2 billion in 2024 to USD 9.9 billion by 2029, with a remarkable CAGR of 51.8%, highlighting the potential for market disruption [10][12].

Core 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].

据港交所11月25日披露，浙江中坚科技（002779）股份有限公司(002779.SZ)选表港交所主板，平安证券(香港)和国金证券(香港)有限公司为其联席保荐人 据招股书，该公司是一家主要从事户外动力设备产品的研发、设计、生产及销售的高新技术企业。中坚科技深耕户外动力设备行业多年，凭借持续的技术创 新和卓越的产品质量，已成长为中国重要的户外动力设备制造商。根据的识咨询的数据，以2024年全球户外动力设备收入计算，中坚科技在中国户外动力设 备制造商中位列前十。 聯席保薦人 平安证券(香港) C SINOLINK SECURITIES (HK)CO. LTI (於中華人民共和國註冊成立的股份有限公司) [编纂] 【續賞】 [編纂]數目 Zhejiang Zhongjian Technology Co 浙江中堅科技股份有限公司 [編纂]的[編纂]數目 : [編纂]股H股(視乎[編 ·· [编纂]數目 [編纂]股H股(可予[编 「編纂]股H股(可予[编 : 最高[编纂] 每股H股[編纂],另加 : 證監會交易徵費、0 0.00015%會財局交 繳足,多繳款項可 每股H股人民幣1.00元 曲值 ·· [编纂] : [編 ...

Zhejiang Zhongjian Technology Co 浙江中堅科技股份有限公司 智通财经APP获悉，据港交所11月25日披露，浙江中坚科技股份有限公司(002779.SZ)递表港交所主板，平安证券(香港)和国金证券(香港)有限公司为其联席 探荐人。据招股书，该公司是一家主要从事户外动力设备产品的研发、设计、生产及销售的高新技术企业。中坚科技深耕户外动力设备行业多年，凭借持续 的技术创新和卓越的产品质量，已成长为中国重要的户外动力设备制造商。根据灼识咨询的数据，以2024年全球户外动力设备收入计算，中坚科技在中国户 外动力设备制造商中位列前十。 (於中華人民共和國註冊成立的股份有限公司) [编纂] 聯席保薦人 平安证券(香港) ●國金譜券(香港)有限公 【續賞】 [編纂]數目 [編纂]的[編纂]數目 : [編纂]股H股(視乎[編 [编纂]數目 · [編纂]股H股(可予[编 「編纂]股H股(可予[编 ·· 最高[编纂] 每股H股[編纂],另加 : 證監會交易徵費、0 0.00015%會財局交 繳足,多繳款項可 每股H股人民幣1.00元 曲值 ·· [编纂] : [編纂] ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Zhejiang Zhongjian Technology Co., Ltd. 浙江中堅科技股份有限公司 (the "Company") (A joint stock company incorporated in the Peo ...

Core Viewpoint - The company has secured a significant order from a leading U.S. home improvement retail chain for lithium battery outdoor power equipment, which will be sold in over 1,700 stores and online platforms [1] Group 1: Order Details - The order is valued at approximately $60 million, with deliveries scheduled to be completed by the end of January 2026 [1] - The transaction will follow a real-time order update model based on supplier agreements and trading practices [1] Group 2: Current Operations - The company has already commenced bulk deliveries to the customer [1]

Group 1 - The company has decided to cancel the supervisory board and amend its articles of association to enhance corporate governance and compliance with new regulations [2][3][39] - The supervisory board's functions will be transferred to the audit and risk control committee of the board of directors, and related rules will be abolished [2][3][39] - The amendments to the articles of association and related governance systems require approval from the shareholders' meeting [3][41] Group 2 - For the first half of 2025, the company achieved a revenue of 55.101 billion yuan and a net profit of 646 million yuan, representing a year-on-year growth of 12.62% [16][17] - The total import and export volume reached 6.14 billion USD, with exports amounting to 2.93 billion USD, a 14% increase year-on-year [16][17] - The company has focused on enhancing operational efficiency and optimizing its business structure to adapt to market changes [17][18] Group 3 - The company has implemented a "quality improvement and efficiency enhancement" action plan, which includes innovation-driven strategies and the development of new production capabilities [16][20] - The company has made significant progress in its shipbuilding and shipping business, achieving a profit of 750 million yuan, a 98% increase year-on-year [17][20] - The company has also expanded its presence in the outdoor power equipment sector, launching new products that enhance competitiveness [20][21] Group 4 - The company has committed to improving its corporate governance in line with regulatory requirements, focusing on the reform of the supervisory board and the enhancement of the board's decision-making capabilities [21][22] - The company has actively engaged in ESG practices, achieving a significant improvement in its ESG ratings [24][25] - The company has emphasized the importance of investor communication and transparency, receiving high ratings for its information disclosure practices [28][29] Group 5 - The company has proposed a cash dividend of 0.369 yuan per share, totaling approximately 482 million yuan, which accounts for 41.99% of the net profit attributable to shareholders for the year 2024 [26][27] - The company has maintained a consistent cash dividend policy since its restructuring, with cumulative cash dividends reaching 2.305 billion yuan [26][27] - The company ranks 52nd in the latest cash dividend list published by the China Listed Companies Association [26][27]