DAHON TECH Marks Its Debut on Hong Kong Stock Exchange: A New Era of Innovation Begins

DAHON TECH Marks Its Debut on Hong Kong Stock Exchange

On September 11, 2025, DAHON TECH (Stock Code: 02543.HK), a subsidiary of the renowned DAHON brand, celebrated its official debut on the Main Board of the Hong Kong Stock Exchange. This highly anticipated event attracted significant attention, positioning DAHON TECH as the "Star Stock" of 2025. Chairman Dr. HON, David Tak Wei, ceremoniously rang the opening bell, marking this historical milestone amidst shareholders, partners, and media representatives.

In his opening speech, Dr. HON announced a new chapter defined by innovation, stating, "As this new chapter unfolds, we will seize this IPO opportunity to respond to trends, deepen our presence in both the Chinese and international markets, and provide sustainable returns to our investors."

Highlights from the IPO Ceremony

1. High Demand: The public offer was oversubscribed by over 7558 times, showcasing an immense interest from investors. Several brokerage firms indicated that DAHON TECH's IPO was among the "Super-Subscription" listings in Hong Kong, reflecting strong investor confidence.

2. Anchor Support: The company received robust backing from four anchor investors, including Allianz Global Investors Asia Pacific, Greater Bay Area Development Fund Management, Harvest, and VEKEN Hong Kong. They collectively invested $127.6 million (approximately 989 million HKD), laying a solid foundation for the company's long-term value growth.

3. Employee Engagement: DAHON boasts more than 100 employee shareholders who are committed to driving the company’s long-term development. The successful IPO marks the beginning of an accelerated journey for all DAHON employees, with dividends surpassing 60 million HKD during the fiscal year.

4. Resilient Growth: DAHON has experienced noteworthy growth, combining the speed of racing bikes with the convenience of folding technology. In 2024, the company saw a leap in development, with sales exceeding 229,000 units (a 46% increase from the previous year) and revenue climbing to approximately 450 million RMB (around a 50% rise). From January to April 2025, the company reported an impressive year-on-year revenue growth of 69.3%, reaching 21.5 million RMB compared to 12.7 million RMB during the same period in 2024.

5. Industry Leadership: As per data from China Insights Consultancy (CIC) for 2024, DAHON claims a remarkable 26.3% share in the retail volume and a commanding 36.5% share in the retail value of the Chinese folding bike market, solidifying its position as the industry champion.

6. Technological Innovation: With 135 effective patents, including 19 invention patents, DAHON focuses on technology and user experience. Its patented achievements not only underline DAHON's technological prowess but also serve as critical factors distinguishing the company in a competitive market.

7. Brand Influence: With a national emphasis on innovation and intellectual property protection, DAHON is gaining traction. Utilizing the DAHON-V bicycle technology enhances efficiency across all bike categories, matching or exceeding some high-end carbon racing bikes, prompting numerous partnerships.

8. Expanding Portfolio: As of April 30, 2025, DAHON markets more than 70 models, continuously evolving its offerings. The introduction of DAHON racing bikes equipped with DAHON-V technology expands beyond folding bikes, presenting a comprehensive product matrix suitable for various scenarios.

9. A Promising Future: DAHON's roadmap includes significant investments in capacity expansion, R&D enhancement, and brand development. The newly established Tianjin production facility aims to leverage regional cost advantages to boost entry-level product capacity. A new plant near Huizhou will further integrate resources with long-standing suppliers.

As the production increases, DAHON is committed to ongoing investments in R&D to sharpen its competitive edge. Market forecasts predict that the Chinese folding bike market will surge from 1.8 billion RMB in 2024 to 4.6 billion RMB by 2029, with an average annual growth rate of 21.2%. With capacity expansions and technology upgrades, DAHON is poised to achieve breakthroughs in product innovation, supply capabilities, and technological leadership.

For overseas inquiries, DAHON TECH plans to allocate parts of the funds raised for proactive overseas market exploration, inviting wholesalers, representatives, and agents to connect through their website [www.dahon.com].

For further information, please contact: [email protected]