Core Viewpoint - Dahon Technology (Shenzhen) Co., Ltd. is poised to become the first publicly listed folding bicycle company in China, having submitted its IPO application to the Hong Kong Stock Exchange and received approval from the China Securities Regulatory Commission [1][3]. Market Position and Performance - Dahon holds a market share of 26.3% in retail volume and 36.5% in retail value within the Chinese folding bicycle industry as of 2024 [3]. - The company has experienced positive growth in revenue and profit from 2022 to 2024, reflecting the rising popularity of outdoor sports and cycling [3][6]. - Dahon's sales figures for 2022, 2023, and 2024 are projected at 149,000, 156,900, and 229,500 units, respectively, with revenues of RMB 254.2 million, RMB 300.2 million, and RMB 450.7 million [6][7]. Product Development and Innovation - Dahon's product range includes over 70 models, utilizing advanced folding technologies and materials, with a significant portion of revenue coming from mid-range bicycles priced between RMB 2,500 and RMB 5,000 [8][9]. - The company plans to enhance its R&D capabilities and product offerings, focusing on smart manufacturing and supply chain integration to accelerate business growth [3][13]. Expansion Plans - Dahon aims to expand its market presence internationally, currently selling products in 28 countries, with plans to strengthen its operations in Southeast Asia and Europe [9][12]. - The global folding bicycle market is expected to grow, with a projected compound annual growth rate of 7.3% from 2024 to 2029, reaching a market size of 5.2 million units by 2029 [9]. Competitive Landscape - The folding bicycle market is witnessing increased competition from both domestic and international brands, with Dahon positioned as a leader in the segment [12]. - The company is also entering the electric assist bicycle market, launching lightweight models to cater to diverse consumer needs [13]. Operational Challenges - Dahon faces production capacity constraints, with its current facility in Huizhou operating at high utilization rates, necessitating the establishment of a new production facility to meet growing demand [13].