央广网北京10月1日消息（总台中国之声记者白杰戈 邢台台记者崔铁宁）据中央广播电视总台中国之声《新闻纵横》报道，乡村全面振兴，是一场深刻 的社会变革，不仅关乎农业、农村、农民的发展，更关乎国家的繁荣与稳定。乡村全面振兴首先是产业振兴，乡村产业不断提质增效，才能最终实现"产业 强、农民富、乡村兴"的良性循环。 除了传统意义上的发展特色种养、休闲农业和乡村旅游等，发展乡村产业还有什么可能性？中国之声推出特别策划《我们村的"王牌"》，带您去看看生 动鲜活、有实效、接地气的乡村产业新场景。本期推出《自行车骑出的大产业》。 河北邢台平乡县，午后气温超过三十摄氏度。河古庙镇南庄村的一个注塑车间里，温度还要再高一些。高温塑形的零部件成堆地码放。 南庄村一家工厂，工人正在分拣注塑零配件 南庄村党支部书记闫中涛今年36岁。从他记事起，家里就在做自行车零部件加工，主要靠手工活儿。 闫中涛说："那时候也没什么技术，说白了做得都比较小。刚开始的时候，是比较笨的一种工艺，像鞍座里面的弹簧，用铡刀要铡好几次，然后弄一个 小弯钩给它拉起来……现在做零部件基本上都是自动化，相较于原来，省时省力。" 董荣起：不像以前在家庭作坊的时候，每人守着 ...

Core Viewpoint - The listing of Dahang Kegong, a leading manufacturer of folding bicycles, on the Hong Kong Stock Exchange was marked by a record oversubscription of 7558 times, but the company faces significant challenges including reliance on OEM production, shrinking overseas markets, and an aging management team [1][2]. Group 1: Company Performance - Dahang Kegong achieved a revenue of 451 million RMB in 2024, with a profit of 52.3 million RMB, showing stable growth in both revenue and profit [2]. - The sales volume of bicycles has been increasing, with notable growth rates, including a 46.5% increase in sales volume in the first four months of 2024 compared to the same period in 2023 [2]. Group 2: Product Diversification - The company is diversifying its product offerings beyond folding bicycles to include road bikes, mountain bikes, children's bikes, and electric assist bicycles, with the latter combining folding features and electric assistance [3]. - Despite diversification efforts, folding bicycles still accounted for 96.6%, 97.7%, and 97.4% of the company's sales revenue from 2022 to 2024 [3]. Group 3: Market Share and Distribution - According to data from Zhi Shi Consulting, Dahang Kegong holds a 26.3% market share in terms of retail volume and a 36.5% market share in terms of retail value in the folding bicycle market in mainland China [5]. - The company has established a comprehensive sales network, with 69.5% of revenue coming from distribution channels, and plans to open 50 direct stores, 80 shop-in-shops, and 70 dealerships by 2025 [5]. Group 4: Production and Capacity Issues - Dahang Kegong's production capacity is under scrutiny, with its Huizhou factory showing high utilization rates, reaching 114.1% in the first four months of 2025 [6]. - The proportion of bicycles produced by OEM suppliers has been increasing, with over 60% of products coming from OEM production in the first four months of 2025 [7][8]. Group 5: Management Concerns - The management team is aging, with the chairman and CEO being 83 years old, raising concerns about the company's strategic continuity and innovation capabilities [8].

Core Viewpoint - The folding bicycle company, Daxing Kegong, has achieved a record 6688 times oversubscription in its IPO, becoming the new "super subscription king" in the Hong Kong stock market, amidst rising outdoor sports trends and significant market share in the folding bicycle sector [2][3]. Financial Performance - Daxing Kegong's revenue is projected to grow from 254 million RMB in 2022 to 451 million RMB in 2024, with a compound annual growth rate (CAGR) of 33.1%. Net profit is expected to increase from 31 million RMB to 52 million RMB during the same period [3]. - The company plans to allocate approximately 30% of its IPO proceeds (around 103 million HKD) for modernizing production systems and expanding operational scale, including a new production facility in Huizhou with an initial capacity of 200,000 units per year [3][4]. Dividend Strategy - Prior to the IPO, Daxing Kegong distributed significant dividends, totaling around 60 million RMB from 2022 to the first four months of 2025, raising questions about the rationale behind its IPO fundraising strategy [4]. - The founder, Han Dewei, holds a concentrated ownership of 90.16%, making him the primary beneficiary of these dividends, which has led to market skepticism regarding the company's intentions [4]. Market Position and Competition - Daxing Kegong holds a 26.3% market share in terms of retail volume and a 36.5% share in retail value within the Chinese folding bicycle market [6]. - The global bicycle market is projected to grow from 165 million units in 2019 to 179 million units by 2024, with the folding bicycle segment representing a small niche, accounting for only 5.3% of the market by retail value [6]. Growth Challenges - The folding bicycle market is characterized by limited growth potential, increased competition, and changing consumer preferences, which may restrict Daxing Kegong's expansion opportunities [7]. - The company is encouraged to enhance product differentiation, explore international markets, and develop related products such as electric folding bicycles to capture emerging trends [7].

Core Viewpoint - Daheng Technology (Shenzhen) Co., Ltd. is preparing for its IPO on September 9, 2025, with a share price of HKD 49.5 and a total fundraising amount of HKD 392 million [3]. Financial Performance - Daheng Technology reported revenues of RMB 254.19 million, RMB 300.16 million, and RMB 450.72 million for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of RMB 77.93 million, RMB 101.49 million, and RMB 148.75 million [10][11]. - For the first four months of 2025, the company achieved revenues of RMB 184.74 million, up from RMB 125.75 million in the same period of 2024, with a profit of RMB 21.53 million compared to RMB 12.73 million in the previous year [11][12]. Shareholder Structure - Prior to the IPO, Dr. Han Dewei controlled 90.16% of the shares, while post-IPO, his ownership will decrease to 67.61% [15][23]. - Key cornerstone investors include Allianz Global Investors Asia Pacific, Greater Bay Area Fund Management, Harvest, and Weico Hong Kong, with a total subscription amount of USD 12.76 million [4][5]. Product and Market Strategy - Daheng Technology specializes in folding bicycles and has expanded its product range to include road bikes, mountain bikes, children's bikes, and electric assist bikes [6][10]. - The company’s online sales reached RMB 100.16 million in 2024, accounting for 22.2% of total revenue, indicating a strong digital sales strategy [12][13]. Management Team - The executive directors include Dr. Han Dewei, Ms. Li Guiyu, Ms. Liu Guocun, and Ms. Li Xiufen, with independent non-executive directors including Dr. Li Lisheng, Mr. Liu Xuequan, and Mr. Zhao Gensheng [17][18].

Company Overview - Dahon, a leading manufacturer of folding bicycles, is preparing for a listing on the Hong Kong Stock Exchange with CITIC Securities International as the sole sponsor [1] - Founded in 1982 by Taiwanese entrepreneur Han Dewei, Dahon holds the largest market share in the mainland folding bicycle market, with 26.3% in retail volume and 36.5% in retail value for 2024 [1] Market Position - Dahon is projected to have the fastest sales and revenue growth among the top five folding bicycle companies in mainland China from 2023 to 2024 [1] - The company offers a diverse product line that includes urban commuting, fashion, outdoor exploration, high-performance racing, and practical models, with over 70 models expected by April 2025 [1] Financial Performance - In the first four months of this year, Dahon reported revenue of 184 million yuan, representing a year-on-year increase of 46.9% [1] - The company's profit for the same period was 21.528 million yuan, up 69.1% compared to the previous year [1] - The classic model P8 has sold over 150,000 units, priced around 3,500 yuan, with prices in Hong Kong ranging from 3,680 to 4,500 HKD depending on the configuration [1] Ownership Structure - Han Dewei holds approximately 88.6% of Dahon's shares, with the remainder owned by an employee stock ownership plan and other shareholders [1]

Core Viewpoint - The article highlights the rapid development of the bicycle and electric bicycle industry in Tianjin's Jinghai District, which has become known as the "Capital of Bicycles and Electric Bicycles in China" due to strong industrial chain support and favorable government policies [1][2]. Group 1: Industry Development - Over the past decade, the Tianjin Jinghai District has been recognized as a national industrial base for bicycles and electric bicycles, leading to accelerated growth in the "two-wheeled" industry [2]. - The establishment of the bicycle (electric bicycle) industrial park in 2008 marked the beginning of significant government support, including land allocation and favorable policies, which attracted leading enterprises and suppliers to the area [1][2]. Group 2: Technological Transformation - During the "14th Five-Year Plan" period, Tianjin's strategy of "Manufacturing City" has injected new momentum into industrial upgrades, focusing on enhancing infrastructure and promoting intelligent manufacturing [3]. - The area has developed a manufacturing cluster centered around major companies like Aima, Giant, and Fujida, with a complete supply chain that covers various sectors including daily commuting and professional competitions [3]. Group 3: Smart Manufacturing - Aima Technology Group has implemented a fully automated production line, achieving a production rate of 1.5 to 2 million electric bicycles per day, showcasing the efficiency of smart manufacturing [5]. - The company utilizes MES systems and digital twin technology to enhance production processes, achieving remarkable efficiency with a bicycle rolling off the line every 30 seconds [5][7]. Group 4: Global Market Reach - The products manufactured in Jinghai are exported to over 80 countries and regions, establishing "Chinese manufacturing" as a strong presence in the global market [7]. - The focus on innovation rather than price competition has allowed companies like Youbei to create unique products, further solidifying their position in international markets [5][7]. Group 5: Industry Integration and Growth - Jinghai has integrated the "two-wheeled" industry with health, tourism, and culture, creating a diversified development model that enhances regional economic growth [8]. - The district has hosted numerous national and provincial cycling events, transforming event participation into additional industrial growth [8].

Core Viewpoint - 大行科工 is the largest folding bicycle company in mainland China, with significant market shares in both retail volume and revenue for 2024 [3]. Company Overview - 大行科工 ranks first in the folding bicycle industry in mainland China, holding a market share of 26.3% in retail volume and 36.5% in retail revenue for 2024 [3]. - The company offers a diverse range of bicycle models, including folding bicycles, road bikes, mountain bikes, children's bikes, and electric assist bikes, with over 70 models available as of April 30, 2025 [3]. Sales and Distribution Network - 大行科工 has established a comprehensive sales and distribution network, collaborating with 38 distributors across 30 provincial-level administrative regions in China, covering 680 retail points [4]. - The company has expanded its online sales channels, achieving a significant increase in online direct sales revenue from 14.1 million RMB in 2022 to approximately 100 million RMB in 2024, representing a compound annual growth rate of 166.1% [4]. Business Growth - The company's sales volume increased from 148,956 units in 2022 to 156,877 units in 2023, and further to 229,525 units in 2024, with a compound annual growth rate of 24.1% [4]. - For the four months ending April 30, 2025, sales volume surged by 46.5% compared to the same period in the previous year [4]. Financial Performance - 大行科工's revenue for the fiscal years 2022, 2023, and 2024 was approximately 254.2 million RMB, 300.2 million RMB, and 451 million RMB, respectively [5]. - The company's profit and total comprehensive income for the same periods were 31.4 million RMB, 34.9 million RMB, and 52.3 million RMB, respectively [5].

Core Viewpoint - Dahang Kegong (Shenzhen) Co., Ltd. is set to go public on the Hong Kong Stock Exchange, having successfully passed the listing hearing, with CITIC Securities International as its sole sponsor [1] Company Overview - Dahang Kegong is a leading player in the folding bicycle market in mainland China, holding a market share of 26.3% in retail volume and 36.5% in retail value as of 2024 [1] - The company offers a diverse product lineup, including classic models like the P8, and has expanded into road bikes, mountain bikes, children's bikes, and electric assist bikes [1] Sales and Distribution - The company has established a comprehensive sales network, collaborating with 38 distributors across 30 provincial-level regions in China, covering 680 retail points [3] - Online sales have surged, with revenue increasing from 14.1 million RMB in 2022 to approximately 100 million RMB in 2024, reflecting a compound annual growth rate of 166.1% [3] - Dahang Kegong's products are exported to 28 countries and regions, including Southeast Asia, the United States, and Europe, showcasing its international influence [3] Business Growth - The company's sales volume grew from 148,956 units in 2022 to 156,877 units in 2023, and is projected to reach 229,525 units in 2024, with a compound annual growth rate of 24.1% [3] - In the first four months of 2024, sales volume increased significantly from 63,758 units to 93,398 units, marking a growth rate of 46.5% [3] Financial Performance - Dahang Kegong's revenue has shown steady growth, achieving approximately 254.2 million RMB in 2022, 300.2 million RMB in 2023, and 450.7 million RMB in 2024 [4][5] - The company's annual profit and total comprehensive income also increased, reaching 31.4 million RMB in 2022, 34.9 million RMB in 2023, and 52.3 million RMB in 2024 [4][5]

Core Viewpoint - Dahang Technology (Shenzhen) Co., Ltd. is preparing for an IPO in Hong Kong, with CICC serving as the sole sponsor [1][2]. Group 1: IPO Details - The funds raised from the IPO will be allocated for several purposes, including modernizing production systems and expanding operational scale to enhance manufacturing capacity [1]. - Additional funds will be used to strengthen the distribution network and strategic brand development to solidify market position and accelerate global expansion [1]. - The company aims to enhance its research and development capabilities to improve technology and will also allocate funds for working capital and other general corporate purposes [1]. Group 2: Company Overview - Dahang Technology was founded by Dr. Han Dewei in 1982 and has built a strong reputation over more than 40 years for its technical strength, innovative spirit, craftsmanship, and commitment to product quality [2]. - The company offers a comprehensive range of bicycles, including road bikes, mountain bikes, children's bikes, and electric assist bikes, with popular models like the P8 [2]. - Dahang Technology continues to invest in research and development, particularly in the advancement of folding bicycle technology, and holds numerous patents [2]. - The company has established an efficient sales and distribution network, covering both online and offline channels in mainland China, and exports products overseas [2].

Group 1 - The company has passed the Hong Kong Stock Exchange listing hearing, with CITIC Securities International as its sole sponsor [1] - As of 2024, the company ranks first in the folding bicycle industry in mainland China, holding a market share of 26.3% in retail volume and 36.5% in retail value [1] - The company's product line has expanded from folding bicycles to include road bikes, mountain bikes, children's bikes, and electric assist bikes, offering over 70 models by April 30, 2025 [1] Group 2 - The company has established a broad online and offline sales network, collaborating with 38 distributors and covering 680 retail points as of April 30, 2025 [1] - Online direct sales revenue increased from 14.1 million RMB in 2022 to approximately 100 million RMB in 2024, with a compound annual growth rate of 166.1% [1] - From 2022 to 2024, the company's sales volume experienced a compound annual growth rate of 24.1%, making it the fastest-growing in sales volume and revenue among the top five folding bicycle companies in mainland China during the same period [1]