Core Viewpoint - Dahon Technology, a leading manufacturer of folding bicycles, is conducting an IPO from September 1 to September 4, aiming to raise approximately HKD 390 million with a share price of HKD 49.5 per share [1][3]. Company Overview - Dahon Technology is the largest folding bicycle company in China, with a market share of 26.3% in retail volume and 36.5% in retail value as of 2024 [4]. - The company offers over 70 bicycle models, targeting different market segments: high-end (above RMB 5,000), mid-range (RMB 2,500 to 5,000), and budget (below RMB 2,500) [4]. Financial Performance - In the previous year, Dahon Technology reported revenue of RMB 450 million, representing a year-on-year growth of 50.2% [5]. - The total profit and comprehensive income amounted to RMB 52.3 million, also reflecting a growth of 50.1% year-on-year [5]. Investment and Subscription Details - As of September 2, Dahon Technology has received at least HKD 61.1 billion in margin subscriptions, with the public offering being oversubscribed by 1,557.7 times [3]. - The company has secured cornerstone investors, including Allianz Global Investors Asia Pacific and others, with a total investment of USD 12.76 million [6]. Use of Proceeds - The net proceeds from the IPO will be allocated as follows: approximately 30% for modernizing production systems and expanding operations, 30% for enhancing the distribution network and brand development, 30% for increasing R&D capabilities, and 10% for working capital and other general corporate purposes [7].

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 - 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].