New stock news | Zhida Technology's Hong Kong stock IPO prospectus invalid, providing the world's largest electric vehicle home charging solution provider

Shanghai Zhida Technology Development Co., Ltd. (referred to as "Zhida Technology") submitted its Hong Kong IPO prospectus on February 29, 2024, which expired after 6 months on August 29. At the time of submission, Shenwan Hongyuan Group Hong Kong acted as its exclusive sponsor. The prospectus shows that, according to Frost & Sullivan data, based on sales of household electric vehicle charging piles during the performance record period, Zhida Technology is the world's largest provider of home electric vehicle charging solutions. The company focuses on providing high-quality smart household electric vehicle charging piles to car manufacturers and users, and has developed a "three-in-one" electric vehicle home charging solution consisting of high-quality products, value-added services, and a strong digital platform. Over the years, the company has developed various high-quality models of smart household electric vehicle charging piles to meet customer's needs for electric vehicle charging. The smart household electric vehicle charging piles produced by the company can be sold by car manufacturers as part of their cars to customers, and can also be sold to users through the company's own brand in its self-operated retail channels and third-party distributors. In terms of financials, in 2021, 2022, and the nine months ending September 30, 2023, Zhida Technology's revenues were approximately 358 million yuan, 697 million yuan, 417 million yuan, and 486 million yuan respectively. During the same period, the company incurred losses of approximately 23.322 million yuan, 25.147 million yuan, 28.589 million yuan, and 26.560 million yuan respectively.