ZHIDA TECH (02650) welcomes a heavy policy favor, accelerating the construction of charging facilities to open up growth space.

On October 15th, the National Development and Reform Commission and other departments jointly issued the "Action Plan for Doubling the Service Capacity of Electric Vehicle Charging Facilities in Three Years (2025-2027)", clearly proposing a significant increase in the construction scale of private charging facilities. This policy undoubtedly injects strong momentum into ZHIDA TECH (02650), a global leader in household charging piles that has just been listed on the Hong Kong Stock Exchange. The plan released this time requires that all newly built residential areas have fixed parking spaces equipped with or reserved for charging facilities, and existing residential areas should combine renovation and supplementation of charging facilities, while also promoting the simultaneous upgrading of supporting power grids. The goal is to complete 28 million charging facilities by the end of 2027, meeting the charging needs of over 80 million electric vehicles, achieving a doubling of service capacity. As the world's largest provider of household charging solutions for electric vehicles, ZHIDA TECH deeply integrates the "product + service + digital platform" tripartite model. According to Frost & Sullivan data, the company's global market share for household charging piles is approximately 9.0%, with a market share of 13.6% in China, ranking first in sales in the Chinese market. Just on October 10th, ZHIDA TECH's first day of trading saw an increase of 192.14%, with its public offering being oversubscribed by 5440.80 times, making it the "oversubscribed king" in the new energy sector of this year's Hong Kong stock market, reflecting the market's enthusiasm.