#China #Shenzhen #folding bicycles #DAHON TECH #DAHON-V Tech

DAHON TECH Reports Record Revenue Growth for 2026

In an exhilarating announcement, DAHON TECH (HKEX: 2543), a global leader in folding bicycles, has revealed its provisional results for the six months ending June 30, 2026. The results showcase a remarkable trajectory for the company, with revenue soaring by approximately $73 million, marking a staggering growth of 53.7% year-over-year.

Key Financial Highlights

The gross margin experienced a significant uptick, reaching 35.2%, an increase of 1.7 percentage points compared to last year. Moreover, the profit attributable to shareholders hit around $10 million, representing an impressive 72.3% increase from the previous year. The net profit margin stood at 13.2%, up by 1 percentage point.

Such growth has been underpinned by a notable increase in sales channels. Online direct sales in China surged by 84.3%, while international market sales grew by an impressive 86.6%. This robust growth is attributed to multiple strategic initiatives designed to enhance DAHON's brand presence and operational efficiency.

Factors Behind DAHON’s Success

Six critical areas have contributed to this success:

1. Brand Presence and Digital Community Expansion: In China, DAHON witnessed 170 million impressions across its brand channels, a 67% year-over-year increase. The company also enjoyed a 356% growth in social media followers, solidifying its digital footprint domestically and internationally. Participation in major cycling events globally has bolstered brand visibility by 39%.

2. Technological Innovation and Patent Portfolio: The company currently holds 175 valid patents worldwide, including 66 invention patents. DAHON continues to invest in exclusive technologies like DAHON-V Tech and advanced three-fold folding frame designs. The integration of technical simulation and AI applications into manufacturing processes has further optimized product development and operational efficiency.

3. Diverse Product Portfolio Supporting Broad Growth: DAHON’s popular models, such as the P10 and P8, have garnered significant attention among both casual and enthusiast cyclists. The international hits like the K-Feather and the award-winning Mariner D8 II have also played crucial roles in revenue generation.

4. Omni-channel Strategy Driving Double-Digit Growth: In China, DAHON has established a traditional retail network across more than 30 provinces, amassing over 1,000 retail points. The company led the foldable bikes value segment on major e-commerce platforms such as Tmall and JD.com for several consecutive months.

5. Eco 360° Program Enriching Revenue through Partnerships: This initiative has facilitated collaborations with over nine industry peers, sharing DAHON’s patented component technologies. The program has also expanded into new product categories, including mountain bikes and children’s bicycles, enhancing revenue through licensing.

6. Accelerated Digital Transformation Enhancing Manufacturing Efficiency: The new Huizhou factory has improved smart manufacturing systems and optimized supply chain processes. This includes a product lifecycle management system that enables comprehensive digital oversight, from components to shipping, supported by AI-driven tools for operational simplicity.

Future Outlook

As we progress into the second half of 2026, DAHON TECH plans to focus on brand diversification, product innovation, and technological advancements. The strategy includes expanding existing portfolios to accommodate three-fold folding bikes, carbon fiber options, and e-bike technologies, driving production growth within its new Huizhou facilities. Strengthening DAHON-V Tech alongside strategic acquisitions is poised to enhance competitiveness further.

In conclusion, DAHON TECH's exemplary results for the first half of 2026 not only reflect their commitment to excellence but also lay a solid foundation for future advancements in the folding bicycle market. Stakeholders and consumers alike can expect a continued dedication to innovation and sustainability from this esteemed leader in the industry.