On May 28th, the "2026 Zhitong Caijing Summer Roadshow Conference," organized by the premier Hong Kong and US stock information platform Zhitong Caijing and exclusively hosted by "Winter Sunshine," was successfully held in Shenzhen. During the roadshow session of this event, ZHIDA TECH-NEW (02650) Board Secretary Jiang Yuxiao engaged in direct, face-to-face communication with on-site investors regarding the company's business model, operational progress, competitive advantages, and future strategy. The following is a transcript of the ZHIDA TECH-NEW roadshow.
ZHIDA TECH-NEW's mission is "to use charging as an entry point to promote the adoption of electric vehicles and green energy in households, fostering sustainable human development." The company's vision is to become a global leader in smart home charging and green energy technology for electric vehicles.
Within the charging infrastructure sector, the company's product portfolio encompasses four main areas: home charging stations, portable energy replenishment devices, charging robots, and home energy management systems. Specifically, its home charging stations are already adopted by 80% of the top ten Chinese automakers by sales volume, including BYD, Dongfeng, GAC, and SAIC. The portable energy devices support bidirectional inversion, making them suitable for diverse scenarios such as outdoor camping. The latest charging robot product was unveiled during this year's Beijing Auto Show. The home energy management system integrates photovoltaic, energy storage, charging, and AI smart management, primarily targeting overseas markets.
Regarding its service network, the company's services cover over 360 cities across China, equipping it with the capability to provide nationwide charging support services in partnership with vehicle manufacturers. It was also the first company in China to provide charging services for Tesla. Furthermore, in collaboration with Ant Group, the company offers charging station purchases and green charging services through an Alipay mini-program, where users can earn "Ant Forest" energy points.
Over the past three years, ZHIDA TECH-NEW has ranked first in sales volume in both the global and Chinese home EV charging station markets, with a market share of approximately 13.6% in China and about 9% globally. Concurrently, the company's charging service coverage is also the most extensive nationwide. Currently, ZHIDA TECH-NEW's products have reached 23 countries, with a strategic focus on Southeast Asia, the Middle East, and Latin America. In 2024, the company established its first overseas factory in Thailand.
In terms of sales channels, the company operates through three main avenues: original equipment manufacturers (OEMs), retail, and energy enterprises, which collectively contribute to a robust risk-resistant capability.
Looking ahead, the company will focus on digital transformation, product iteration, and international business expansion. The Chairman of ZHIDA TECH-NEW likened the company's "trinity" business model to a tree: the "roots" represent smart charging hardware, charging robots, and intelligent home energy management solutions; the "trunk" is the digital platform responsible for connecting all devices and enabling data application; the "crown" offers diversified services to end-users, covering charging services, home energy management, and microgrid electricity trading.
The company is actively pursuing a second growth curve centered on its overseas expansion strategy. The overseas market offers higher gross margins, shorter cash collection cycles, and demonstrates strong growth momentum.
ZHIDA TECH-NEW possesses seven systematic competitive advantages in the global home charging solutions sector. First, as one of the world's largest providers of home charging solutions, its products have obtained quality and safety certifications from multiple countries, granting it access qualifications for mainstream global markets. Second, the company's integrated "product + service" business model allows it to offer customers a one-stop solution from smart charging hardware to installation, operation, maintenance, and energy management, significantly enhancing customer loyalty and overall service value. Third, as one of the earliest domestic entrants into the charging station field, ZHIDA TECH-NEW has established strong brand recognition and trust among consumers and vehicle manufacturers, solidifying its first-mover brand advantage. Fourth, in manufacturing capability, the company has production bases in Xuancheng and Anqing, Anhui Province, and in Thailand, with a previously established factory in Saudi Arabia (currently suspended due to geopolitical conflict), forming a manufacturing network that supports domestic and key overseas markets and effectively underpins global delivery capacity.
Fifth, the company has built a diversified channel system: the OEM channel contributes approximately 60% of revenue, reflecting deep integration with major Chinese automakers; the retail channel covers mainstream platforms like Taobao, Tmall, JD.com, and Douyin; and it collaborates deeply with energy enterprises such as State Power Investment Corporation and GCL Group to expand into commercial, industrial, and integrated energy scenarios. Sixth, the company has established a unified, integrated technology platform that supports user management, supplier collaboration, and data insights, improving operational efficiency and providing a data foundation for product optimization and decision-making. Seventh, the management team holds significant advantages. Founder and Chairman Dr. Huang Zhiming graduated from Tongji University with a major in automotive engineering and participated in the establishment of Shanghai Volkswagen Powertrain; CEO Cao Guangyu is a postdoctoral fellow from Harbin Institute of Technology; and Ms. Luo Tao oversees digital projects.
Regarding future development strategy, ZHIDA TECH-NEW will focus on advancing four key directions. First is accelerating global expansion, with the goal of increasing the proportion of overseas revenue to 40%–50% of total income. Second is strengthening retail sales by launching co-branded charging stations (e.g., with "Zhou Classmate") to attract younger user demographics. Third is increasing investment in innovative product development, focusing on areas like charging robots and high-power charging stations to align with the development trends of autonomous driving technology. Fourth is continuously optimizing the cost structure to improve overall profit margins.
Financially, the company achieved revenue of RMB 717 million last year, representing a year-on-year increase of 20.7%. Net loss narrowed by 30.5% year-on-year (considering the impact of listing expenses). Overseas revenue reached RMB 122 million, accounting for approximately 17%–18% of total revenue, with expectations to reach 40%-50% in the future. R&D investment remains high, at approximately RMB 40 to 50 million annually.
Regarding its key product, the charging robot, the company launched two models during the Beijing Auto Show, targeting Robotaxi fleets and home scenarios, respectively. The home-use robot aims to keep costs under RMB 10,000 to compete with traditional manual charging stations. For the Robotaxi scenario, the company believes that if future regulations no longer require safety drivers, unmanned charging will become a necessity. Currently, ZHIDA TECH-NEW has initiated collaborations with several autonomous driving and ride-hailing companies. Additionally, the company is exploring other application scenarios such as airports, port areas, mining areas, and unmanned logistics vehicles.
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