#None #Hong Kong #DAHON #folding bicycles #Hong Kong Stock Exchange

DAHON TECH Makes Its Debut on the Hong Kong Stock Exchange

On September 11, 2025, DAHON TECH (Stock Code: 02543.HK), a subsidiary of the global folding bicycle powerhouse DAHON, made a grand entry into the Hong Kong Stock Exchange (HKEX). This significant milestone marks the beginning of a new chapter defined by innovation and growth for the company.

During the bell-ringing ceremony, Chairman Dr. HON David Tak Wei expressed optimism about the future, stating, "As we embark on this new chapter, we will leverage this public offering to seize opportunities, strengthen our presence in both the Chinese and international markets, and provide sustainable returns for our investors."

Key Highlights from the Listing Event

1. Excessive Demand: The initial public offering (IPO) saw an overwhelming response, with public subscriptions exceeding the offering by over 7,558 times, indicating a strong investor confidence in DAHON TECH.
2. Solid Backing: Major investors, including Allianz Global Investors Asia Pacific and Greater Bay Area Development Fund Management, collectively contributed approximately $127.6 million, solidifying the company's financial foundation for future growth.
3. Employee Involvement: Over 100 DAHON employees became shareholders, reflecting a robust commitment to the company's long-term objectives.
4. Resilient Growth: DAHON's sales surged to over 229,000 units in 2024, a year-on-year increase of about 46%, and revenues climbed to approximately 450 million RMB.
5. Industry Leadership: Data from 2024 shows DAHON holding a 26.3% market share by sales volume and a dominant 36.5% by sales value in the Chinese folding bicycle market.
6. Technological Prowess: With 135 patents, including 19 invention patents, DAHON stands out for its technological leadership, enhancing its competitive edge in the industry.
7. Strengthening Brand Influence: Recognizing the importance of intellectual property, DAHON has licensed its technology and brand to multiple companies, fostering industry innovation.
8. Diverse Product Range: DAHON now offers over 70 bicycle models, including the recent launch of its road bike line, reflecting its commitment to product expansion and innovation.
9. Future Expansion Plans: The funds raised will be used for production capacity expansion and research and development improvements, setting the stage for future growth in eco-friendly mobility.

Looking Ahead

DAHON's strategic outlook involves aggressively pursuing international markets while enhancing its product offerings and technological advancements. With the forecasted growth of the Chinese folding bicycle market from 1.8 billion RMB in 2024 to 4.6 billion RMB in 2029, DAHON is ideally positioned to capitalize on emerging opportunities.

The company's ambitious plans include establishing new production bases to enhance efficiency, which will commence operations in early 2027, aiming to produce 200,000 units annually. Additionally, DAHON is set to expand its global footprint, inviting wholesalers and sales representatives to partner in this journey.

In conclusion, DAHON TECH's public listing marks not just a financial milestone but also a leap into a future defined by innovation, sustainability, and global expansion. For more detailed information about DAHON's history and products, visit their official website at www.dahon.com.