02543 大行科工
DAHON TECH
DAHON TECH
| Register Close | 2025/09/04 IPO Closing Tomorrow |
| Listing Date | 2025/09/09 |
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IPO Detail
COMPANY PROFILE
Dahon Tech (Shenzhen) Co. is mainland China’s largest folding bicycle company. According to the report, in terms of retail sales volume in 2024, the Group ranked first in the mainland China folding bicycle industry, representing a market share of 26.3%, and also ranked first in the mainland China folding bicycle industry in terms of retail sales value in 2024, representing a market share of 36.5%.
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The Group’s DAHON brand was founded in 1982 by Dr. Hon Ta-We. Anchored upon proven best sellers such as the Group’s P8 together with newly developed models and its portfolio has grown from folding bicycles to also encompass other bicycle types including road bicycles, mountain bicycles, children’s bicycles and electric-assisted bicycles. As of April 30, 2025, the Group offers over 70 bicycle models.
As of April 30, 2025, the Group hold 113 effective patents in mainland China, making the brand with the highest number of patents in China’s folding bicycle industry according to the report and also hold 22 effective patents in the U.S., Europe and Japan. The Group’s revenue was mainly derived from the sale of its DAHON bicycles.
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The Group partnered with 38 distributors across 30 provincial-level administrative regions in the PRC, covering 680 retail outlets, as of April 30, 2025. The Group’s customers primarily include distributors, e-commerce platform and retail consumers of its online and offline self-operated stores.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Household & Personal Products |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 7.92M H shares |
| No. of International Offer Shares | 7.13M H shares |
| No. of HK Offer Shares | 0.79M H shares |
| Offer Price | $49.50 |
| Stock Code | 2543 |
| Sponsor(s) | China Securities (International) Corporate Finance Company Limited |
| Underwriter(s) | China Securities (International) Corporate Finance Company Limited, ABCI Securities Company Limited, BOCI Asia Limited, CCB International Capital Limited, CMB International Capital Limited, Futu Securities International (Hong Kong) Limited |
TIME TABLE
| Application Period | Sep 01 (Mon) - noon, Sep 04 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Sep 08 (Mon) |
| Result Announcement Date | On or before Sep 08 (Mon) |
| Result Announcement Date | On or before Sep 09 (Tue) |
| Dealings in Shares commence on | Sep 09, 2025. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $49.50 |
| Capitalization | 1.57B |
| NAV / share ($) | $16.32 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 49.5, the net proceeds raised would be HKD 342.20M, of which |
| 30% : Advance manufacturing capabilities through modernized production systems and expanded operational scale |
| 30% : Strengthen market position and accelerate global expansion through distribution network enhancement and strategic brand development |
| 30% : Advance technology through enhanced research and development capabilities |
| 10% : working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).