DAHON lists on Hong Kong Stock Exchange
DAHON TECH, a subsidiary company of folding bicycle specialist DAHON, officially debuted on the Main Board of the Hong Kong Stock Exchange this week (Stock Code: 02543.HK), garnering the attention of the Hong Kong capital market as a “Star Stock” of 2025.
During the listing ceremony at the Hong Kong Stock Exchange, Dr. HON, David Tak Wei, Chairman of DAHON TECH, rang the opening bell in the presence of shareholders, partners and media representatives.
DAHON is a long-term player in the folding bicycle business, with more than 40 years experience and 135 effective patents (including 19 invention patents) accumulated in that time. In his speech at the event, Dr. Hon said: “As this new chapter unfolds, we will leverage this listing as an opportunity to seize trends, deepen our presence in the Chinese and International markets, and deliver sustainable returns to our investors.”
There was indeed enthusiasm for the more – public subscriptions were oversubscribed by more than 7,558 times, reflecting strong investor enthusiasm. Multiple brokerages reported that DAHON TECH’s IPO ranked among Hong Kong’s “super subscription” listings, signalling high investor confidence.
Allianz Global Investors Asia Pacific, Greater Bay Area Development Fund Management, Harvest, and VEKEN Hong Kong have collectively invested 127.6 million USD (approximately 989 million HKD), providing robust support for DAHON’s long-term value growth. Cannily, DAHON has more than 100 employee shareholders and the firm said its listing “marks the beginning of a new fast track for all DAHON personnel, with dividends exceeding 60 million HKD during the reporting period”.
In 2024, the company saw sales exceed 229,000 units, a year-on-year increase of approximately 46%; revenue rose to about 450 million RMB, marking an approximately 50% increase; net profit also grew to approximately 52.3 million RMB. From January to April 2025, the company saw revenue surge 69.3% year-over-year to RMB 21.5 million, up from RMB 12.7 million during the same period in 2024. According to China Insights Consultancy (CIC), DAHON holds 26.3% retail volume and 36.5% retail value share in China’s folding bicycle market.
DAHON is focusing on innovation and IP protection, it said, with brand licensing now with 16 companies and patented components shared with 18 industry peers. The DAHON-V bike tech suite has been a big part of recent success in this area, it added.
Readers of CIN may have already caught Chris Keller Jackson’s mag article on his site visit to DAHON’s new factory near Huizhou, which is expected to begin production in Q1 2027, with an annual capacity of 200,000 units.
