#Hong Kong #DAHON #folding bicycles #DAHON TECH

DAHON TECH Celebrates Its IPO on the Hong Kong Stock Exchange

On September 11, 2025, DAHON TECH (stock code: 02543.HK), a subsidiary of the global folding bicycle leader DAHON, officially entered the Hong Kong Stock Exchange's main board. The event drew significant attention as it was touted as one of the 'Star Stocks' of 2025, reflecting the company's reputable status in the market.

During the listing ceremony, Chairman Dr. HON, David Tak Wei, began the day by ringing the opening bell, symbolizing a momentous occasion attended by shareholders, partners, and media representatives. In his address, Dr. Hon emphasized that this new phase would be driven by innovation and was a commitment to enhancing both the Chinese and international markets.

Significant Highlights

1. Unprecedented Demand

The initial public offering (IPO) saw overwhelming interest, with public subscriptions oversubscribed by an astounding 7,558 times. This enthusiasm demonstrated robust investor confidence in DAHON's future. Market analysts noted this IPO among the top 'super oversubscriptions' in Hong Kong's financial history.

2. Strong Backing from Key Investors

DAHON garnered substantial support from prominent investors, including Allianz Global Investors Asia Pacific, Greater Bay Area Development Fund Management, Harvest, and VEKEN Hong Kong, collectively investing about $127.6 million USD (approximately 989 million HKD). This backing solidifies DAHON's long-term growth strategy.

3. Employee Engagement

With over 100 employees becoming shareholders, DAHON fostered an engaged workforce that is integral to its ongoing development efforts. The successful launch marks the beginning of a rapid advancement path for its employees, with dividends exceeding 60 million HKD during the period.

4. Robust Growth Performance

DAHON showcased impressive growth metrics. The brand's folding bicycles combine the speed of road bikes with the convenience of portability. In 2024, DAHON significantly ramped up its operations, recording over 229,000 units sold—an approximately 46% increase year-on-year—along with a revenue boost to around 450 million RMB, signifying a 50% growth; net profits also soared to 52.3 million RMB.

Between January and April 2025, the company reported a remarkable 69.3% year-on-year revenue increase, reaching 21.5 million RMB compared to 12.7 million RMB during the same period in 2024.

5. Market Leadership

According to China Insights Consultancy (CIC) data from 2024, DAHON holds an impressive market share of 26.3% by volume and 36.5% by value in China's folding bicycle segment, asserting its dominance as a leading provider.

6. Technological Prowess

DAHON prides itself on innovation and currently holds 135 active patents, including 19 invention patents. This substantial intellectual property portfolio underscores DAHON's technological strength, enabling it to stand out in a competitive market.

7. Brand Protection and Growth

With national attention focused on innovation and intellectual property protection, DAHON continues to flourish. The introduction of the 'DAHON-V' technology suite enhances performance across all bike categories—DAHON's high-speed folding bicycles rival premium carbon road bikes, attracting various business partnerships.

8. Diverse Product Offerings

By April 30, 2025, DAHON had developed over 70 models, continually refining their offerings. The launch of DAHON road bicycles with 'DAHON-V' technology in 2024 marked an expansion beyond folding bikes into a comprehensive product matrix, including electric bicycles and scooters.

9. Promising Future

DAHON is embarking on a transformative chapter characterized by 'technology + brand + capital.' A significant portion of the funds raised will facilitate capacity expansion, R&D improvements, and brand development. New production facilities are being established to strengthen regional advantages and enhance product lines, significantly contributing to the target market growth projected at $1.8 billion RMB by 2024 and potentially reaching $4.6 billion by 2029.

As DAHON embraces this pivotal moment, it is actively looking to broaden its presence internationally, inviting wholesalers and sales representatives to join in its venture. For further inquiries and collaboration opportunities, please visit www.dahon.com.