Core Viewpoint - Zhida Technology has successfully passed the Hong Kong Stock Exchange listing hearing, indicating its imminent entry into the Hong Kong stock market, with a significant market share in the home electric vehicle charging pile sector [1][4]. Market Position and Performance - As of March 31, 2025, Zhida Technology holds a 13.6% market share in the Chinese market for home electric vehicle charging piles, ranking first globally with a 9.0% market share [1]. - The company has demonstrated strong sales performance, with its home electric vehicle charging piles leading the global market [1]. Industry Growth Drivers - The rapid growth of the home charging pile market is attributed to the increasing popularity of new energy vehicles, enhanced policy support, and technological advancements [5]. - The number of private charging piles in China reached 12.04 million by June 2025, reflecting a year-on-year growth of 63.3% [5]. Overseas Expansion and Revenue Growth - Zhida Technology's overseas revenue has been steadily increasing, with figures of 12.91 million RMB in 2022, 61.29 million RMB in 2023, and 71.89 million RMB in 2024, indicating a growing international presence [7]. - The average selling price of home charging piles in overseas markets is generally higher than in China, providing greater profit margins for companies with international operations [8]. Technological Advancements - The company is at the forefront of technological innovation, having obtained 145 patents in the home electric vehicle charging sector and introducing advanced products like the sixth-generation smart charging robot [16]. - Technologies such as V2H/V2E are transforming home charging piles from mere charging tools to core components of home energy management systems, enhancing product value [9]. Competitive Advantages - Zhida Technology has established a robust competitive edge through a three-dimensional approach encompassing business ecosystem, supply chain layout, and technological reserves [10]. - The company’s "hardware + service + digitalization" model creates a unique solution that is difficult to replicate, solidifying its market position [11]. Future Growth Strategy - The company plans to utilize the funds raised from its IPO for overseas expansion, research and development, mergers and acquisitions, and capacity upgrades, which will strengthen its product barriers and expand its market share [17]. - The long-term vision includes building a global home energy management ecosystem that leverages V2H/V2E technology, allowing users to sell excess energy back to the grid and generate carbon credits [20].

Core Viewpoint - Zhida Technology is seeking to list on the Hong Kong Stock Exchange, with Shenwan Hongyuan Hong Kong as the sole sponsor, having previously submitted applications in February and November 2024 [1][2]. Company Overview - Zhida Technology is recognized as one of the largest suppliers of home electric vehicle charging solutions globally, ranking first in sales volume and fourth in sales revenue of home electric vehicle charging piles during the historical performance period [3]. - The company holds the top position in the Chinese market for home electric vehicle charging piles in terms of both sales volume and revenue [3]. Market Position - In 2024, the total sales revenue for home electric vehicle charging piles is projected to be 7.2 billion RMB globally and 3.5 billion RMB in China [3]. - Zhida Technology has established partnerships with seven of the top ten automotive manufacturers in China, enhancing its brand reputation and facilitating entry into overseas markets [3]. - The company's products and services are available in 22 countries, with a notable presence in rapidly growing markets like Thailand and Brazil [3]. Retail Strategy - The company launched its own retail brand "Zhida" in 2020, rapidly building a large user base to better understand retail customer needs [4]. - Zhida Technology operates online stores on platforms such as Amazon, Tmall, Douyin, and Youzan, with plans to expand its presence on international e-commerce platforms [4]. Financial Performance - The company reported revenues of approximately 697 million RMB, 671 million RMB, and 593 million RMB for the fiscal years 2022, 2023, and 2024, respectively [5][6]. - The net losses for the same periods were approximately 25.15 million RMB, 58.12 million RMB, and 235.90 million RMB [5][6]. - For the three months ending March 31, 2024, the company achieved revenue of 156 million RMB, with a net loss of approximately 31.50 million RMB [5][6].