Core Viewpoint - The company, Zida Technology, submitted its prospectus to the Hong Kong Stock Exchange on July 18, 2025, aiming for a main board listing, with Shenwan Hongyuan as the exclusive sponsor. It is the largest provider of home electric vehicle charging stations globally, reporting a revenue of RMB 5.9 billion in 2024 and a net loss of RMB 2.4 billion [1][6]. Company Overview - Zida Technology is recognized as one of the largest home electric vehicle charging solution providers globally, with a cumulative shipment of 1.3 million home electric vehicle charging stations worldwide, including 1.2 million in China. The company's market share in China reached 15.6% based on sales volume during the reporting period [1][11]. - The company has established the largest charging station service network in China, covering over 360 cities and completing 1.3 million installations and after-sales services as of March 31, 2025 [1][6]. Financial Performance - The company's revenue for the years ending December 31 was approximately RMB 7 billion, RMB 6.7 billion, and RMB 5.9 billion, with a compound annual growth rate (CAGR) of -7.73%. Gross profit was around RMB 1.4 billion, RMB 1.4 billion, and RMB 0.9 billion, with a CAGR of -21.04% [4]. - The net loss for the years was RMB -0.3 billion, RMB -0.6 billion, and RMB -2.4 billion, with a CAGR of 206.28%. The gross margin was approximately 20.38%, 20.51%, and 14.93% [4][6]. Industry Outlook - The global market for home electric vehicle charging solutions is projected to reach RMB 47.6 billion by 2028, with a CAGR of 32.2% from 2023 to 2028. The market in China, Europe, North America, South America, the Middle East, and Southeast Asia is expected to grow at CAGRs of 16.2%, 30.8%, 39.7%, 93.1%, 66.5%, and 113.6%, respectively [7]. Competitive Position - Zida Technology ranks first in both sales volume and revenue market share in the Chinese home electric vehicle charging station market, with shares of approximately 15.6% and 11.8%, respectively [10][11]. - The company supplies smart home electric vehicle charging stations and accessories to seven of the top ten mainstream automobile manufacturers in China and has expanded its products and services to eight countries [1][10].

Group 1: Company Filings - Three companies submitted applications to the Hong Kong Stock Exchange (HKEX) from July 14 to July 20, with no companies passing the hearing [1] - Hunan Maijizhi Biotechnology Co., Ltd. focuses on developing innovative biopharmaceuticals for allergic and autoimmune diseases, with a strong pipeline of eight candidate products [2] - Aux Electric Co., Ltd. is one of the top five global air conditioning providers, with a market share of 7.1% in 2024 [3] - Shanghai Zhida Technology Development Co., Ltd. specializes in electric vehicle charging stations, holding a global market share of approximately 9.0% [4] Group 2: Financial Performance - Hunan Maijizhi reported revenues of RMB 8.72 million, RMB 24,000, and RMB 0 for the first three months of 2023, 2024, and 2025, respectively, with R&D expenses of RMB 166 million, RMB 150 million, and RMB 24 million [2] - Aux Electric's revenues for 2022, 2023, and the first quarter of 2025 were RMB 19.528 billion, RMB 24.832 billion, and RMB 9.352 billion, with profits of RMB 1.442 billion, RMB 2.487 billion, and RMB 925 million [3] - Zhida Technology's revenues for 2022, 2023, and the first quarter of 2025 were approximately RMB 697 million, RMB 671 million, and RMB 156 million, with losses of RMB 25.147 million, RMB 58.116 million, and RMB 23.6 million [4] Group 3: IPO Market Insights - The IPO market in Hong Kong saw a significant increase, with 43 companies successfully listed in the first half of 2025, raising HKD 106.7 billion, a 688% increase from the previous year [7] - Over 200 companies have submitted applications to list in Hong Kong, with expectations for 90 to 100 companies to go public in the second half of 2025, raising over HKD 200 billion [8] - Foreign capital is increasingly participating as cornerstone investors in Hong Kong IPOs, with foreign investors accounting for 59.3% of all cornerstone investments in the first half of 2025 [9]

Group 1 - Shuanglin Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange, indicating a flexible adjustment in capital operation strategies [1] - The company terminated a 1.5 billion yuan A-share private placement plan prior to this announcement, suggesting a shift in focus towards overseas financing [1] Group 2 - Sanhua Intelligent Control exercised its overallotment option, becoming the third largest IPO in Hong Kong this year, raising approximately 1.39 billion HKD in additional net proceeds [2] - The total number of shares sold reached 476.5364 million, with total fundraising amounting to 10.736 billion HKD, enhancing the company's competitive position in the global market [2] Group 3 - Weifu High Technology plans to convert 172 million B-shares to H-shares, offering cash options to B-share holders at a premium of 5% over the previous closing price [3] - This conversion aims to increase the company's visibility and influence in international capital markets, potentially improving stock liquidity and valuation [3] Group 4 - Zhida Technology submitted its listing application to the Hong Kong Stock Exchange for the third time, indicating a strong determination to enter the capital market [4] - The company is recognized as one of the largest providers of home electric vehicle charging solutions globally, with products certified by major safety standards [4] Group 5 - The Hang Seng Index rose by 1.33% to 24825.66 points on July 18, reflecting positive market sentiment [5] - The Hang Seng Tech Index increased by 1.65%, while the National Enterprises Index gained 1.51%, indicating a general upward trend in the Hong Kong stock market [5]

Company Overview - Zhidatech submitted its prospectus to the Hong Kong Stock Exchange on July 18, 2025, aiming for a main board listing, with Shenwan Hongyuan as the sole sponsor [1] - The company is the largest provider of home electric vehicle charging stations globally, reporting revenues of RMB 590 million and a net loss of RMB 240 million in 2024 [1][4] - As of March 2025, the company had generated RMB 220 million in revenue with a net loss of RMB 20 million [1] Market Position - Zhidatech has shipped a total of 1.3 million home electric vehicle charging stations globally, with 1.2 million units shipped in China [1] - The company holds a 15.6% market share in the Chinese home electric vehicle charging station market, ranking first in terms of sales volume and revenue [1][11] Financial Performance - Revenue for the years ending December 31 was approximately RMB 700 million, RMB 670 million, and RMB 590 million, with a compound annual growth rate (CAGR) of -7.73% [4] - Gross profit figures were RMB 140 million, RMB 140 million, and RMB 90 million, with a CAGR of -21.04% [4] - The company reported a significant increase in net losses, with figures of RMB -30 million, RMB -60 million, and RMB -240 million, reflecting a CAGR of 206.28% [4][6] Industry Outlook - The global market for home electric vehicle charging solutions is projected to reach RMB 47.6 billion by 2028, with a CAGR of 32.2% from 2023 to 2028 [7] - The market growth rates for home electric vehicle charging solutions in various regions are expected to be 16.2% in China, 30.8% in Europe, and 39.7% in North America [7] Competitive Landscape - Zhidatech competes with several companies in the industry, with the top five companies holding a combined market share of 56.3% [11] - The company ranks first in the Chinese market for home electric vehicle charging stations based on sales volume and revenue [11] Management and Ownership - The major shareholder, Dr. Huang Zhiming, holds 28.18% of the shares, while other entities controlled by him collectively own 48.03% [14] - The company has undergone multiple rounds of financing, raising approximately RMB 575 million prior to its IPO [16]