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].