Core Viewpoint - CATL's IPO in Hong Kong marks the largest IPO globally this year, with a total market value of HKD 1.34 trillion, showcasing the company's significant growth and influence in the battery industry [2][3]. Group 1: IPO Details - CATL officially listed on the Hong Kong Stock Exchange on May 20, with an opening price of HKD 296 per share, reflecting a 12.55% increase on the first day [2]. - The IPO is expected to raise approximately HKD 30.718 billion, with cornerstone investors committing to purchase around USD 2.628 billion (approximately HKD 20.371 billion) worth of shares [2]. Group 2: Company Growth and Leadership - Founded by Zeng Yuqun, CATL has evolved from a small company to a trillion-dollar enterprise, expanding its investment footprint across various sectors including lithium batteries, energy storage, and electric vehicle manufacturing [3][5]. - Zeng Yuqun's journey from a modest background to becoming a billionaire reflects the company's rapid ascent in the battery industry, with his net worth reaching approximately CNY 200 billion [9]. Group 3: Investment Strategy - CATL's investment strategy includes direct investments and participation as a limited partner (LP) in various funds, focusing on sectors related to new energy and battery technology [12][15]. - The company has established partnerships with major automotive manufacturers and has invested in numerous startups and projects within the new energy sector, enhancing its market position [12][14]. Group 4: Regional Impact - CATL's growth has significantly transformed Ningde's industrial landscape, establishing it as a hub for the lithium battery industry, with a complete supply chain from materials to recycling [18]. - The local government has actively supported CATL's initiatives, leading to the establishment of over 200 related enterprises in the region, contributing to job creation and economic growth [18][20].

Market Overview - A-shares experienced a broad rally on May 20, with the Shanghai Composite Index closing up 0.38% at 3380.48 points, the Shenzhen Component up 0.77% at 10249.17 points, and the ChiNext Index up 0.77% at 2048.46 points. The total trading volume across the three exchanges reached 121.14 billion yuan, an increase of 9.23 billion yuan from the previous day [1][2]. Pet Economy - The pet economy concept saw significant gains, with Tianyuan Pet (301335) hitting a 20% limit up and reaching a new high. Lusi Co. (832419) also hit a limit up, marking a new high. Other companies in this sector, such as Bei Yin Mei (002570) and Yi Yi Co. (001206), also experienced limit up [4][5][6]. - Analysts noted that the pet market has maintained high growth rates in recent years, benefiting from domestic brand replacement effects and improvements in product and brand strength. This has led to significant year-on-year sales growth and price increases for domestic brands [7]. Innovative Drug Sector - The innovative drug sector showed strong performance, with Yipin Hong (300723) and San Sheng Guo Jian (688336) both hitting the 20% limit up. Other companies like Rongchang Bio (688331) and Yifang Bio (688382) saw increases of approximately 16% [8][9]. - San Sheng Guo Jian announced a collaboration with Pfizer for the exclusive global development and commercialization rights of a dual-target antibody, SSGJ-707, which has shown promising results in clinical trials for non-small cell lung cancer [10][11]. Shipping Sector - The shipping sector experienced a significant pullback, with companies like Guo Hang Yuan Yang (833171) dropping nearly 18%, and others such as Fenghuang Shipping (000520) and Lianyungang (601008) hitting their daily limit down [16][17]. - Lianyungang, which had seen five consecutive limit up days, reported a 48.01% year-on-year decline in net profit for the first quarter of 2025, raising concerns among investors [18][19].

5月20日，香港交易所的电子钟指向9:30，大厅中央巨幅屏幕代码03750下方跳动的数字，瞬间吸引着全 球资本市场的目光。 宁德时代从启动到完成港股上市仅用时128天，是备案制以来最快完成境外发行备案的上市企业，实 现"A+H"上市，加速其全球化布局。 最终，港股挂牌的首日，截至发稿前宁德时代港股股价全天最高一度涨超18%，H股最新市值1.29万亿 港元。 从受理到完成仅历时25天；从2025年2月11日递交香港上市A1申请，仅用2个月即通过港交所聆讯，用 不到100天的时间便完成了上市。 顶格定价 据悉，此次宁德时代全球发售1.35亿股，发行价格为263.00港元/股，募资356.57亿港元，其中90%用于 匈牙利项目建设。 21世纪经济报道记者费心懿上海报道 Mirae未来资产集团，是韩国的一家具有全球影响力的金融投资公司。与十年前形成鲜明对比的是，彼 时韩国动力电池产业风光无限，曾经一度在全球市场上"呼风唤雨"，甚至占据了半壁江山。而十年后， 韩国财团"用脚投票"选择了宁德时代。 宁德时代是2023年迄今全球最大IPO、过去四年最大香港IPO，"闪电闯关"背后是中国新能源企业正改 写国际资本市场的投资风 ...

其中，蜜雪冰城于3月3日在香港交易所上市，证券简称"蜜雪集团"（02097.HK），每股发行价为202.50 港元，募资净额为32.91亿港元。 5月20日，备受瞩目的全球动力电池龙头——宁德时代（03750.HK）正式登陆港交所。上市首日高开 12.55%，报296港元。最新总市值超1.3万亿港元，成为近年来港股规模最大的IPO之一，也缔造了今年 全球最大的IPO。 据了解，宁德时代此次港股上市的募集资金净额约353亿港元，为今年全球最大的新股募资活动，这也 助推香港今年的新股募资额重回全球第一。此前，香港特区政府财政司司长陈茂波透露，宁德时代的上 市，令香港今年的新股集资额超过600亿港元，较上年同期多逾6倍。 宁德时代董事长、CEO曾毓群在公司港股上市仪式上表示，港股上市意味着公司将更广泛地融入全球资 本市场。这或许也是很多其他赴港上市明星企业的共同诉求。 今年以来，除了宁德时代之外，以蜜雪冰城、古茗、沪上阿姨等为代表的消费领域企业也纷纷选择登陆 港股市场，为港股市场的繁荣贡献力量。 知名经济学者、工信部信息通信经济专家委员会委员盘和林向观察者网表示，这些不同行业领军企业选 择港股上市，不仅仅是为了融入 ...

【导读】万亿宁德时代今日港股上市，曾毓群强调零碳科技公司定位 中国基金报记者邱德坤 5月20日，宁德时代在港交所主板上市，开盘价为296港元/股，较发行价上涨12.55%；截至发稿，涨幅超17%。 | HK 宁德时代 | | --- | | 03750 L2 ▼ | | 207 800 今井 296.000 最高 308.000 最低 291.000 | | 17.03% 44.800 换手 13.38% 总量1814万股 金额 53.50亿 | | 总值201.31万亿 市盈 23.42 市净 4.78 曲家 | | A股报价: 263.96 1.52% 2 (H/A)比价=1.08 > | | 分时 五日 間K 目K 申务▼ | | 均价: 294.928 最新: 307.800 44.800 17.03% | | 47 140/ 324 309 600 1300(12) 308.000 卖8 309.400 600 (4) | | 雪7 309.200 600 (4) 卖6 309.000 5.9 万 (49) | | 卖5 308.800 4700(19) | | 卖4 308.600 ૨૦૦ (૨) ...

Core Viewpoint - The successful listing of CATL in Hong Kong has generated significant market enthusiasm, with the stock price surging over 16.96% on its opening day, reflecting strong investor interest and confidence in the company's future prospects [1][10]. Group 1: Listing Performance - CATL's listing process was notably swift, taking just over three months from application to official listing, with a public subscription rate exceeding 120 times and total financing surpassing 282.2 billion HKD [6][7]. - The final offering price was set at 263 HKD per share, with the global offering netting approximately 35.3 billion HKD [7][11]. - The public offering accounted for only 7.5% of the total shares, indicating that the majority of shares were allocated to institutional investors [9]. Group 2: Market Impact and Government Support - The listing has been recognized as a significant event for the Hong Kong stock market, attracting global attention and enhancing market liquidity, as stated by Hong Kong's Financial Secretary [12][13]. - CATL's successful IPO is seen as a reflection of investor confidence in the Hong Kong market, which has been buoyed by strong performance and a favorable economic environment [12]. Group 3: Strategic Goals and Future Plans - Approximately 90% of the funds raised will be directed towards the construction of CATL's factory in Hungary, aimed at enhancing local production capabilities to meet the growing demand for batteries in Europe [20]. - The company is positioning itself as a leader in the global zero-carbon economy, with significant investments in research and development, and aims to leverage its technological advancements to drive the transition to renewable energy [16][19]. - CATL's strategic partnerships, including a notable collaboration with Sinopec, are focused on building a comprehensive battery swap network, further solidifying its market position [14][16].

Core Insights - The global battery giant CATL (Contemporary Amperex Technology Co., Limited) has officially listed on the Hong Kong Stock Exchange, marking the largest IPO of the year with a market capitalization of HKD 1.34 trillion [2][4]. - The IPO is expected to raise approximately HKD 30.718 billion, with cornerstone investors committing to purchase shares worth around HKD 20.371 billion [2]. - CATL's founder, Zeng Yuqun, has significantly expanded the company's investment portfolio beyond battery manufacturing, covering various sectors including electric vehicles, energy storage, and semiconductor chips [3][11]. Company Overview - CATL was founded in 2011 after Zeng Yuqun separated the battery division from ATL (Amperex Technology Limited), which had become a major player in the lithium-ion battery market [7][9]. - The company has rapidly grown to become a leader in the global new energy vehicle battery sector, benefiting from favorable government policies and a strong supply chain [8][9]. - As of 2021, CATL's market value surpassed HKD 1 trillion, solidifying its position as a dominant force in the battery industry [9]. Investment Strategy - CATL has established a broad investment strategy, engaging in direct investments and participating as a limited partner (LP) in various venture capital funds [3][13]. - The company has invested in numerous projects related to new energy and lithium batteries, including partnerships with major automotive manufacturers [11][12]. - In 2024, CATL announced plans to build a factory in Beijing, further solidifying its ties with downstream clients [12]. Market Impact - The growth of CATL has significantly transformed the industrial landscape of Ningde, Fujian Province, creating a complete lithium battery supply chain and boosting local employment and tax revenues [16]. - The company has played a pivotal role in establishing Ningde as a hub for new energy industries, attracting over 200 related enterprises [16][17]. - CATL's influence extends to the capital market, with the recent IPO of a local tea company marking a milestone for Ningde's presence in the U.S. stock market [18].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：宁德时代 01 全球零碳交通 万亿级市场正在爆发 全球交通体系正在重构，新能源车和换电生态迎来爆发期，低空经济、电动船舶等领域方兴未 艾。预计到2030年，电动交通领域的年投资将超3万亿美元。 5月20日，宁德时代在香港联合交易所主板挂牌上市（股票代码为03750.HK）。 宁德时代此次港股上市，全球发售股份总数为绿鞋前1.35亿股，发行价格为263.00港元/股。本次 发行是首个以"仅设定价格上限"方式完成定价的"先A后H"上市项目，所设价格上限较定价当日A 股收盘价零折扣。本次港股上市从启动到完成仅用时128天。投资者涵盖了来自15个国家和地区 的主权基金、产业资本、长线机构、保险资金及多策略基金等。港股上市开盘即高开，开盘价 296.00港元/股，较发行价上涨12.55% 。 上市仪式上，宁德时代董事长兼CEO曾毓群发表《创新全球零碳科技，推动全球零碳经济》主题 讲话， 并从全球零碳交通、全球零碳电力以及全球产业新能源化三个领域，分别介绍了全球零碳 经济的市场前景以及宁德时代零碳科技的布局。 面对全球交 ...

港股宁德时代(03750.HK)涨超15%，成交额超50亿港元。 ...

港股开盘，恒指开涨0.28%，科指开涨0.22%。宁德时代(03750.HK)上市首日开涨12.55%，报296港元。 ...