On its first day of listing, ZHIDA TECH closed up 192%

ZHIDA TECH was listed on the Hong Kong Stock Exchange for the first time today, closing up 192.14% at HKD 195.5. The IPO pricing for ZHIDA TECH was HKD 66.92, with a public offering subscription rate of 5,440.80 times, making it the most oversubscribed new energy stock in the Hong Kong market this year. The international placement was subscribed 2.37 times. ZHIDA TECH's development began with the establishment of Shanghai ZHIDA Technology Development Co., Ltd. in November 2010, which was restructured into a joint-stock company in September 2022. The company focuses on smart home electric vehicle charging piles, creating a "three-in-one" home charging solution for electric vehicles composed of products, services, and a digital platform. According to Frost & Sullivan data, based on the sales volume of home electric vehicle charging piles during the historical period, ZHIDA TECH is the largest provider of home charging solutions for electric vehicles globally, with a global market share of approximately 9.0% and a market share of approximately 13.6% in China. In terms of sales revenue, it ranks fourth globally with a market share of approximately 5.7% and first in China with a market share of 10.3%