#China #Hong Kong #Folding Bikes #DAHON TECH #2026 Growth

DAHON TECH Reports Record Earnings: A Bright Future for Folding Bikes

HONG KONG and SHENZHEN, China, September 6, 2026 /PRNewswire/ -- DAHON TECH (HKEX: 2543), a globally renowned manufacturer of folding bicycles, has unveiled its interim results for the first half of 2026, ending June 30. The company has reported a significant revenue increase to approximately $73 million, marking a remarkable 53.7% rise compared to the same period last year. This surge in revenue is bolstered by a gross profit margin that has climbed to 35.2%, reflecting an increase of 1.7 percentage points year-on-year. The profit attributable to the company’s owners stands at around $10 million, an extraordinary 72.3% increment relative to the previous year, while the net profit margin has achieved 13.2%, an improvement of 1.0 percentage points.

One of the highlights of this growth is the staggering increase in sales from online direct sales in China, which surged by 84.3% compared to the previous year. Meanwhile, international market sales also saw an impressive growth of 86.6%. With robust demand for folding bicycles, DAHON TECH has identified six key areas contributing to its remarkable growth:

1. Expanded Brand Reach and Digital Community Engagement

The company has significantly enhanced its brand visibility and community presence, generating 170 million impressions through its channels in China—a 67% increase year-on-year. Additionally, the number of new followers on social media skyrocketed by 356% compared to last year. On the international front, DAHON's presence grew at major global cycling events, such as EUROBIKE, China International Cycle Show, and Taipei Cycle, achieving a 39% increase across all international channels.

2. Proprietary Technology and Patented Competitiveness

DAHON currently holds 175 valid patents worldwide, including 66 innovation patents. The company’s proprietary DAHON-V Tech has evolved significantly, enhancing its triple-foldable frame technology, and integrating technical simulations and AI applications throughout the manufacturing process. This approach has improved product development and operational efficiencies immensely.

3. Diverse Product Portfolio

A strong demand for key models has contributed to enhanced operational efficiency and overall business growth. In China, models like the P10 and P8 remain favorites among everyday cyclists and cycling enthusiasts alike, while the triple-foldable LUNDEN M7 exemplifies DAHON's innovation, utilizing DAHON-V Tech. Internationally, the ultra-light K-Feather (weighing only 12 kg) has become a bestseller in both the USA and Europe, while the Mariner D8 II has been recognized as the 'Best Folding Bike' by the New York Times for three consecutive years.

4. Omnichannel Strategy Drives Double-Digit Growth

In China, DAHON’s retail distribution network permeates over 30 provinces with more than 1,000 sales outlets. The company has dominated the folding bicycle category on platforms like Tmall and JD.com, securing the top position in transaction value for ten and eighteen months, respectively. The online direct sales saw a substantial 84.3% increase from last year. Moreover, partner conferences in Thailand and Vietnam introduced over ten new flagship stores in Asia, alongside the growth of regional networks in Europe and America.

5. The 'Eco 360°' Initiative Broadens Revenue Streams

DAHON has implemented the Eco 360° program, facilitating an open collaboration platform based on its technologies and brand identity. This initiative has led to the licensing of its patented component technologies to over nine industry peers, alongside 18 brand licensing partners, expanding into product categories like mountain bikes and children’s bicycles.

6. Digital Transformation as a Driver for Operational Excellence

The newly modernized facility in Huizhou has overhauled its systems for intelligent manufacturing and supply chain, enhancing order fulfillment while maintaining high-quality control success rates. The introduction of a Product Lifecycle Management (PLM) system enables seamless digital management from components to assembly and shipment. AI-driven tools for information retrieval and fault detection have further streamlined workflows.

Looking ahead, DAHON TECH aims to diversify its brand, innovate products, enhance technological advancements, optimize supply chains, and pursue targeted acquisitions. The company plans to expand its range of triple-fold bicycles, carbon bikes, and e-bikes while continuing to drive production growth and smart manufacturing at its Huizhou facility. Additionally, DAHON-V Tech is expected to see further developments, with strategic acquisitions focused on new materials and core technologies to strengthen competitiveness.

Note: This article was compiled based on publicly available information from DAHON TECH’s interim results announcement for 2026. Figures in USD are intended for clarity for international readers and converted from RMB for reference. The company's financial results are reported in RMB. This article does not constitute investment advice.