New Stocks Analysis | Zhi Da Technology: Global Intelligent Charging First IPO Highly Sought After, Over 2000 Times Subscribed Highlighting Rare Value

As a leading player in the field of household electric vehicle charging in China, Zida Technology's IPO has sparked strong market response since its launch. The global offer of H shares this time consists of 5.9789 million shares, with a maximum offer price of HK$83.63 per share, and is expected to officially debut on the Hong Kong Stock Exchange on October 10. Public information shows that the company's IPO subscription period was from September 30 to October 6, with a surge in subscription demand within a few days, with an initial estimate of oversubscription rate exceeding 2000 times. This data is still on the rise and is expected to reach a new high by the closing date of the subscription on October 6. The enthusiastic subscription scene this time fully demonstrates investors' strong optimism about the household electric vehicle charging track and the company's development prospects. It is understood that Zida Technology's IPO this time adopts the Hong Kong Stock Exchange's unique "Mechanism B" model, with a global offer of 5.9789 million H shares (assuming no exercise of the over-allotment option), with an offer price range of HK$66.92 to HK$83.63. At the midpoint price of HK$75.27, the total funds raised are approximately HK$450 million, with 10% in the public offering portion, 59,790 shares, and an international placement portion of 90%, about HK$405 million. It is worth noting that this offering did not introduce cornerstone investors, but Shenwan Hongyuan Group served as the sponsor and stabilizing manager, with a "greenshoe" option (over-allotment option) to support price stability after listing. After the offering, the company's total market value is expected to reach HK$4.001 billion to HK$5.000 billion, with all H shares fully tradable, providing significant liquidity advantages. This structure not only reduces market volatility risks but also attracts diverse capital participation, including retail and institutional investors. In fact, the absence of cornerstone investors enhances the flexibility of share allocation and may drive the stock price to rise rapidly after listing in the current hot subscription environment. It is believed that Zida Technology's IPO structuring is quite sophisticated, combining full tradability with a greenshoe option, which ensures a successful offering and leaves ample room for future performance. Against the backdrop of the current market enthusiasm for the new energy sector, this design is more likely to attract capital favor. As a leading company in the field of electric vehicle charging in China, Zida Technology focuses on household charging solutions, with business covering smart charging pile R&D, sales, and operation services, highly aligned with the national "dual carbon" strategy and the promotion policy for new energy vehicles. In recent years, the Chinese electric vehicle market has experienced explosive growth, with household charging demand expected to grow at an average compound annual rate of over 30% by 2025. With technological accumulation and channel advantages, Zida Technology has established partnerships with multiple car manufacturers and supply chain companies, endorsed by strong investors such as Anhui Zhongding, Jingzhou Zhida, Shanghai Zhongdian, Jintong Capital, BYD Company Limited, and other renowned institutions and industry capitals. Although the company's performance is still in the growth stage, its unique asset-light model and platform layout are widely recognized by the market. In fact, Zida Technology is not just a hardware device manufacturer, but also an intelligent platform that connects electric vehicle users, grid operators, and the new energy ecosystem. It is worth noting that if the company's stock price achieves a significant increase after listing, with market value exceeding the HK$9.2 billion threshold for Hong Kong Stock Connect entry, this will attract important southbound capital inflows, creating a virtuous cycle of value discovery. Zida Technology's position in the field is noticeably scarce, making it a rare pure target for household electric vehicle charging in the Hong Kong stock market, which tends to command a valuation premium. Overall, the fund-raising purposes this time have formed a complete strategic loop of "technology-production-market-funding," focusing on short-term capacity release and market expansion, as well as long-term technological barriers and global competitiveness, which will effectively drive the company to achieve new breakthroughs and inject lasting momentum into its performance. As the penetration rate of new energy vehicles continues to rise, the construction of charging infrastructure will enter an accelerated phase. With its first-mover advantage and technological accumulation, Zida Technology is expected to occupy a favorable position in the industry explosion. The household charging scenario is an important part of the electric vehicle ecosystem, and Zida Technology's intelligent products and platform operation mode provide endless possibilities for its future cross-industry expansion. In conclusion, the success of Zida Technology's IPO reflects the capital market's strong optimism about the entire electric vehicle industry chain. Driven by policy support and technological iteration, electric vehicle charging infrastructure is transitioning from a "supporting industry" to a "core track," and Zida Technology, with its differentiated advantages, is poised to become a key node connecting new energy vehicles and smart energy ecosystems. For investors, this IPO is not only a short-term profit opportunity, but also a long-term window for positioning in the rare target of household electric vehicle charging leaders.