ZHIDA TECH-OLD (02650) released its first financial annual report, showing impressive performance: revenue hit a historical high, shipment volume increased by 76%, and overseas as well as Siasun Robot&Automation revenue surged by nearly 80%.

On March 25, 2026, Shanghai ZHIDA TECH-OLD Development Co., Ltd. (02650), a leading provider of home electric vehicle charging solutions in China, released its audited annual performance announcement for the year ending on December 31, 2025. The announcement showed that during the reporting period, ZHIDA TECH-OLD seized the opportunity presented by the global new energy vehicle industry development. With the rapid advancement of its globalization strategy and the intelligent upgrading of its product structure, the company delivered a "dual emphasis on scale and quality" performance: total annual revenue reached a historical high, the delivery volume of charging stations increased by nearly 80%, net losses significantly narrowed by over 30%, demonstrating strong growth resilience and broad market prospects. The year 2025 marked a milestone in the development of ZHIDA TECH-OLD. The group achieved a total revenue of 716.5 million RMB for the year, a 20.7% increase compared to 593.4 million RMB in 2024, surpassing the 7-billion RMB mark for the first time and setting a new revenue record for the company. On the profitability front, the company reported a loss of approximately 163.8 million RMB for the year, a significant decrease of 30.5% compared to 235.9 million RMB in 2024. Cost control and operational efficiency improvements were highlighted, and the gross profit margin steadily increased from 14.9% in 2024 to 15.2%, showcasing strong profitability and product competitiveness amidst intensified industry competition. Behind the performance growth were the explosive growth in product deliveries and deep market expansion of ZHIDA TECH-OLD. In 2025, the group accumulated the delivery of approximately 619,500 home electric vehicle charging stations, a substantial 76.4% increase from 351,100 in 2024. Among them, deliveries to domestic car manufacturers reached around 340,200 units, a 68.8% increase year-on-year, further consolidating its position as a core partner of nine out of China's top ten automakers. "Going global" has become the strongest engine for the performance growth of ZHIDA TECH-OLD. In 2025, the group's overseas business income exceeded 100 million RMB for the first time, reaching 122.6 million RMB, accounting for 17.1% of total revenue (compared to 12.1% in 2024) with a year-on-year growth rate of 70.5%. Behind the strong growth data is the rapid expansion of ZHIDA TECH-OLD's global footprint. During the reporting period, the group exported 102,500 charging stations, a 79.6% increase year-on-year, with products now covering 23 countries worldwide. Particularly in emerging electric vehicle markets such as Thailand and Brazil, ZHIDA TECH-OLD has established itself as a recognized smart charging brand through forward-thinking localization strategies. With the deep penetration of European and American standard products in Southeast Asia, South America, and the Middle East markets, ZHIDA TECH-OLD is gradually building an international operational system of "Chinese research and development, global manufacturing, and local services." Technological innovation is the core driving force behind the development of ZHIDA TECH-OLD, with high-margin innovative products becoming a new highlight of performance growth. According to the announcement, the group's high-margin advanced products, such as "Electric Vehicle Charging Siasun Robot & Automation" and EMS (Energy Management System) solutions, have been successfully deployed in multiple locations domestically and abroad, with related income increasing by 88.83% year-on-year. Additionally, the company's digital installation service platform, covering over 360 cities nationwide, completed a total of 492,900 installation and after-sales service tasks in 2025. This signifies ZHIDA TECH-OLD's transformation from a single hardware manufacturer to a smart energy management service provider integrating "product + service + digital platform." On October 10, 2025, ZHIDA TECH-OLD successfully listed on the Main Board of the Stock Exchange of Hong Kong, marking a significant milestone in the company's development. Post-listing, the company's capital strength significantly increased, with cash and cash equivalents rising from 141.4 million RMB in 2024 to 291.6 million RMB, a growth of 106.3%. The net amount of liquid assets turned positive from a negative figure of -86.4 million RMB in 2024 to 57.3 million RMB, signifying a significant improvement in financial condition and providing sufficient capital support for future business expansion and research and development investment. By the end of 2025, the company's asset-liability ratio decreased to 78.3% from 94.1% in 2024, indicating a continued optimization of the financial structure. Looking ahead to 2026, ZHIDA TECH-OLD has established a development strategy of "more globalization, more digitization," aiming to drive sustained enterprise growth from four major dimensions: accelerating global expansion to achieve market leadership, strengthening retail sales to promote sustainable growth, innovative product development to enhance profitability, and optimizing cost structure to increase profit margins. The company plans to utilize the funds raised from the listing to support the global expansion of domestic electric vehicle brands and improve overseas localization production and service networks, entering high-profit markets in Europe and vast emerging markets in Southeast Asia, South America, and beyond. "The listing has opened up a new development pattern for the company," said Dr. Huang Zhiming, founder, chairman, and CEO of ZHIDA TECH-OLD. "The performance in 2025 has proven the effectiveness of our strategic path. Despite facing challenges, we are confident in the long-term opportunities brought by the popularization of electric vehicles and technological developments in the charging market. In the future, we will continue to focus on technological innovation, excellent operations, and global expansion, striving to provide more intelligent, convenient, and sustainable energy solutions for global users and create long-term value for shareholders."