According to a research report, DAHON TECH (02543) has been given a "Buy" rating with a target price of HK$76.57. The company operates in the high-growth folding bicycle sector, which represents one of the most promising sub-segments within the two-wheeled transportation industry. The rating is supported by the company's comprehensive product portfolio and expanding distribution channels.

Revenue projections for 2025-2027 are HK$676 million, HK$886 million, and HK$1.11 billion respectively, with corresponding net profits of HK$79 million, HK$105 million, and HK$132 million, representing year-over-year growth of 50.7%, 32.9%, and 25.8% respectively. Earnings per share are expected to reach HK$2.49, HK$3.31, and HK$4.16 respectively.

The company's core competitive advantages are reflected in three key areas:

First, diversified channel distribution. Domestically, offline dealer sales dominate (accounting for 68.2% of 2024 revenue, up 45.2% year-over-year), with dealer networks providing extensive coverage and establishing a solid foundation. Domestic online direct sales are growing faster, with 2024 revenue increasing 72.5% year-over-year to HK$100 million. Domestic offline direct sales and overseas sales accounted for 3.0% and 6.6% of revenue respectively in 2024.

Second, a comprehensive product portfolio covering five major categories: urban commuting, outdoor exploration, fashion personality, premium racing, and practical utility across all price segments. High-end, mid-range, and mass-market price points are defined as ≥HK$5,000, HK$2,500-5,000, and

Third, outstanding research and development capabilities. As of April 2025, the company holds 135 domestic and international patents and was invited to participate in formulating the "China Bicycle Safety National Standard" (GB/T3565.4-2022).