#Hong Kong #DAHON #Stock Market #Folding Bikes

DAHON TECH Lands on the Hong Kong Stock Exchange: A New Era

Today, DAHON TECH, a prominent subsidiary of the renowned brand DAHON, celebrated a significant milestone by officially listing on the Main Board of the Hong Kong Stock Exchange, bearing the stock code 02543.HK. As the global leader in folding bicycles, this move is anticipated to drive both corporate growth and innovative advancements in product development.

As the listing ceremony unfolded, Dr. HON, David Tak Wei, the Chairman of DAHON TECH, joyfully rang the opening bell, delighting a gathering of shareholders, partners, and press members. In his speech, Dr. Hon emphasized the company's commitment to innovation and responsiveness to emerging trends in both Chinese and international markets, aiming to create sustainable returns for their investors.

Key Highlights from the Listing

1. Overwhelming Investor Demand: Public subscriptions for DAHON’s shares exceeded 7558 times, showcasing robust enthusiasm among investors. Many brokerage firms recognized DAHON TECH's IPO as one of Hong Kong's standout moves, pointing to elevated confidence in the firm’s future potential.

2. Strong Backing from Cornerstone Investors: DAHON secured significant investment support from premier cornerstone investors, including Allianz Global Investors Asia Pacific and others, amounting to approximately USD 127.6 million. This backing underscores their confidence in DAHON's long-term viability and growth trajectory.

3. Employee Empowerment: With over 100 employee shareholders, the listing represents a united front that contributes to the company's ongoing development. During the reporting period, dividends exceeded 60 million HKD, reflecting the collective strength and commitment of the workforce.

4. Consistent Performance Growth: DAHON's recent performance highlights an impressive growth trajectory, selling over 229,000 units in 2024, a rise of around 46% compared to the previous year, with revenue hitting approximately 450 million RMB. Early 2025 has continued to build on this success, achieving a 69.3% year-on-year revenue growth to RMB 21.5 million.

5. Market Dominance: DAHON has established itself firmly in the folding bicycle market, boasting a commanding 26.3% share of retail volume and 36.5% in retail value within China, as indicated by 2024 data from industry analysts.

6. Technological Leadership: DAHON stands out in its sector with an impressive portfolio of 135 active patents, including 19 invention patents. This not only exemplifies their technological capabilities but also positions DAHON as a pioneer in enhancing user experiences within the folding bicycle niche.

7. Innovative Resilience: The company’s strategy around protecting its intellectual property has fostered a competitive advantage. Implementing the "DAHON-V" bike tech suite has diversified their offerings and even attracted corporate collaborators who share a vision for innovative solutions in the sector.

8. Diverse Product Portfolio: In 2024, DAHON expanded its offering to over 70 bicycle models and is venturing into electric-assisted bikes and motorcycles, aiming to redefine urban mobility with a focus on dual innovations of folding and electric capabilities.

9. Vision for a Sustainable Future: DAHON is set to leverage this new chapter combined with necessary capital investments in R&D, capacity expansion, and brand enhancement. A newly operational production base in Tianjin is expected to bolster output capacities significantly, coupled with future plans for an additional factory.

As DAHON TECH embarks on this transformative journey, the company remains focused on fostering innovation while strategically expanding its export capacity in global markets. Potential partners, including wholesalers and sales representatives, are encouraged to reach out. For further insights, visitors can access their official website at www.dahon.com.