Core Viewpoint - Shanghai Zhida Technology Development Co., Ltd. (Zhida Technology) is preparing for an IPO on the Hong Kong Stock Exchange, aiming to leverage its position as the largest global supplier of home electric vehicle charging solutions [1][2]. Business Overview - Founded in 2010, Zhida Technology specializes in smart home electric vehicle charging solutions, offering a "three-in-one" solution comprising products, services, and a digital platform [1]. - The company has provided smart home electric vehicle charging stations or services to seven of the top ten mainstream automotive manufacturers in China and has expanded its presence to 22 countries, establishing a strong foothold in Thailand and Brazil [2]. Market Position - Zhida Technology holds a global market share of approximately 9.0% in home electric vehicle charging stations, with a market share of about 13.6% in China. It ranks fourth globally by sales revenue with a market share of 5.7% and is the leading player in China with a market share of 10.3% [3]. - As of March 31, 2025, the company has established the largest installation and after-sales service network for electric vehicle charging stations in China, covering over 360 cities [3]. Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first three months of 2025 were RMB 697 million, RMB 671 million, RMB 593 million, and RMB 217 million, respectively. The corresponding net losses were RMB 25.15 million, RMB 58.12 million, RMB 235.90 million, and RMB 17.08 million [11][12]. Shareholder Structure - The pre-IPO shareholder structure shows Dr. Huang Zhiming as the largest shareholder with a direct stake of 27.99%, controlling a total of 47.70% of the voting rights through various entities [5][6]. Management Team - The board of directors consists of five members, including two executive directors: Dr. Huang Zhiming (Chairman and CEO) and Mr. Li Xinrui (Senior Vice President), along with three independent non-executive directors [8].