DAHON TECH (02543) experienced a temporary break below its IPO price following its listing, but surged to an intraday high of HK$63 today, representing a gain of over 27% from its IPO price of HK$49.5. As of press time, the stock was up 13.36% to HK$62.35, with trading volume reaching HK$143 million.

According to public information, DAHON TECH is China's largest folding bicycle company, ranking first in both retail volume and retail value of folding bicycles in 2024. Based on data from Frost & Sullivan, the company held the top position in China's folding bicycle industry by retail volume in 2024 with a market share of 26.3%. By retail value in 2024, the company also maintained its leading position in China's folding bicycle market with a market share of 36.5%.

As of April 30, 2025, the company offers more than 70 bicycle models. According to Frost & Sullivan, the company is the folding bicycle brand with the most patents in China's industry, holding 113 valid patents in mainland China as of April 30, 2025. As of the same date, the company also maintains 22 valid patents in the United States, Europe, and Japan.

Guoyuan International previously commented that the company is a leader in the bicycle industry's niche segment and is in a growth phase. The IPO's total market capitalization was HK$1.567 billion, with the offering price corresponding to a static P/E ratio of approximately 27.4 times, higher than the industry average valuation of 22 times.