New Stock News | Zhida Technology submits its application to the Hong Kong Stock Exchange for the third time, and the sales of home electric vehicle charging piles rank first globally.

According to the Hong Kong Exchanges and Clearing Limited (HKEX) disclosure on July 18th, Shanghai ZhiDa Technology Development Co., Ltd. (referred to as ZhiDa Technology) has submitted its listing application to the HKEX main board, with Shenwan Hongyuan Group Hong Kong as the exclusive sponsor. The company had previously filed with the HKEX on February 29, 2024 and November 28, 2024. The prospectus shows that, according to Frost & Sullivan data, ZhiDa Technology is one of the world's largest suppliers of home electric vehicle charging solutions. Based on data from Frost & Sullivan, the company ranks first globally in terms of sales of home electric vehicle charging piles during the historical period, and fourth globally in terms of sales revenue of home electric vehicle charging piles. In terms of sales volume and revenue of home electric vehicle charging piles during the historical period, the company ranks first in China. In 2024, the sales total in the global and Chinese home electric vehicle charging pile market was 7.2 billion RMB and 3.5 billion RMB respectively. According to Frost & Sullivan data, ZhiDa Technology provided smart home electric vehicle charging piles and accessories and/or services to seven of the top ten Chinese car manufacturers by electric vehicle sales volume in 2024 during the historical period. Through cooperation with renowned car manufacturers, the company has built a strong brand reputation and become an advanced provider of home charging solutions for electric vehicles, expanding into overseas markets with these major car manufacturers. Currently, the company's products and services are available in 22 countries. According to Frost & Sullivan data, in Thailand and Brazil, two rapidly growing electric vehicle markets outside of China, the company is one of the leading providers of smart home electric vehicle charging piles and services. In 2020, ZhiDa Technology launched its own retail brand "ZhiDa". Since its launch, the company has efficiently and rapidly built a large user base, laying a solid foundation for direct engagement and understanding of retail users. The company covers retail users through various channels domestically and internationally. The company operates online stores on platforms such as Amazon, Tmall, Douyin, and YOUZAN, and plans to expand its presence on international e-commerce platforms. According to Frost & Sullivan data, based on retail sales volume of home electric vehicle charging piles on e-commerce platforms in 2022, 2023, and 2024, the company is one of the top three brands. Additionally, as of March 31, 2025, the company has partnered with distributors in 137 cities in China, further expanding the customer base for its products. In terms of financials, ZhiDa Technology achieved revenues of approximately 697 million RMB, 671 million RMB, 593 million RMB, 156 million RMB, and 217 million RMB in the fiscal years of 2022, 2023, 2024, up to March 31, 2024, and the three months up to March 31, 2025, respectively. During the same period, the company incurred losses of approximately 25.147 million RMB, 58.116 million RMB, approximately 2.36 billion RMB, 31.5 million RMB, and 17.078 million RMB.