Core Viewpoint - Chery Automobile successfully completed its IPO on the Hong Kong Stock Exchange, marking a significant milestone as it aims to enhance its market position and expand its operations globally [2]. Group 1: IPO Details - Chery's IPO was officially listed on September 25, with an opening price of HKD 34.2 per share [2]. - The funds raised will be allocated for new vehicle development, next-generation automotive technology, overseas market expansion, and upgrading production facilities in Wuhu [2]. - Chery plans to use up to 3.69 million shares (approximately 6.74% of total shares) for employee incentives, priced at HKD 3.4 per share, with a six-year lock-up period [2]. Group 2: Sales Performance - In 2024, Chery achieved a global sales volume of 2.295 million vehicles, ranking among the top twenty car manufacturers worldwide, with a year-on-year growth rate of 49.4%, the highest in this category [2]. - The company reported a 56% year-on-year increase in domestic passenger car sales for 2024, with a remarkable 277.3% growth in new energy vehicle sales, leading the top ten domestic passenger car manufacturers [3]. - Chery's market share in China increased from 11.8% in 2023 to 14.0% in 2024, ranking second among domestic brands [3]. Group 3: Product and Brand Performance - Chery has five major automotive brands, with projected sales in 2024: Chery brand at 1.52 million, Jetour at 530,000, Exeed at 130,000, iCAR at 60,000, and Zhijie at 38,500 [3]. - The Tiggo 8 series ranked first in global sales of self-owned brand fuel vehicles in 2024, while the Jetour X70 series ranked fourth in global B-class SUV sales [3]. Group 4: International Expansion - Chery has been the top exporter of self-owned brand passenger cars in China for 22 consecutive years, with products sold in over 100 countries and regions, totaling over 13 million vehicles sold globally [3]. - In 2024, overseas revenue accounted for 37.4% of total revenue, with Chery ranking first in Europe, South America, the Middle East, and North Africa for self-owned brand passenger car sales, and second in North America and other Asian regions outside China [3][4]. - The collaboration with EV MOTORS in Barcelona marks Chery as the first Chinese self-owned brand to achieve localized production in Europe, with a total of 1,075 overseas dealers by the end of 2024 [4]. Group 5: Financial Performance - Chery's revenue for 2022, 2023, and 2024 was reported at CNY 92.618 billion, CNY 177.056 billion, and CNY 269.897 billion respectively, with net profits of CNY 5.806 billion, CNY 9.949 billion, and CNY 14.334 billion [4]. - In the first quarter of 2025, Chery reported revenue of CNY 68.223 billion and a net profit of CNY 4.726 billion [4].

历时21年，尹同跃终于成功地把奇瑞，送到了资本市场的聚光灯下。 9月25日，奇瑞汽车正式在港交所挂牌，以高开13.76%开盘，市值接近2000亿港元。但随后一路高开低走，全天只涨了3.80%，当天市值为1841亿，几乎与 吉利汽车齐平。 这意味着，首日买入奇瑞汽车的投资者尤其是散户，几乎都被"活埋"，一些机构资金也在盘中加速跑路。 这一刻，对奇瑞而言，是圆梦的高光时刻；而对掌舵人尹同跃而言，则可能是其个人财富、影响力与命运的一次集体兑现。毕竟，尹同跃以约18.25%的持 股比例，身家高达300亿元，在同时代汽车掌门人中，以非李书福、王传福式的路径，实现了百亿财富梦。 但对于购买了奇瑞票的散户而言，这不是美妙的一天，可能是噩梦的开始——在奇瑞内部一切为了"拱上市"的前提下，奇瑞股价很可能上市即颠覆，此后步 入"熊关漫道"。 毕竟，从奇瑞招股书来看，奇瑞是跛脚前行，是地地道道的传统车企。今天奇瑞市值与吉利汽车港股市值（1867亿）几乎相若，但吉利的新能源早已把奇瑞 甩出"几条街"。另外，奇瑞利润非常倚重于海外市场，但随着比亚迪、长城等在海外发力，奇瑞的出口红利正在快速消失。 因此，真正引人关注的，奇瑞市值是否已经 ...

Group 1 - Chery Automobile Co., Ltd. has successfully listed on the Hong Kong market today [3] - The company specializes in the design, development, manufacturing, and sales of a diverse range of passenger vehicles, including both fuel and new energy vehicles [3]

本报讯 （记者李春莲）9月25日，奇瑞汽车股份有限公司（以下简称"奇瑞汽车"）在香港联合交易所主 板正式挂牌上市。作为2025年以来港股规模最大的车企IPO，奇瑞汽车借此迎来一次关键战略转型。截 至收盘，奇瑞汽车市值达到1841亿港元。 张云认为，奇瑞汽车这一路径给国内车企提供启示——本土未占先机时，没能做到数一数二，不妨先在 全球市场建立优势，再以利润和口碑反哺国内，墙外开花墙内香。中国新能源汽车正以"超级智 能"与"超级驾驶"重构行业格局，它不仅是消费升级与技术革命的交汇点，更是继陶瓷、丝绸、茶叶之 后最具全球竞争力的战略品类。 值得一提的是，里斯战略咨询还专设汽车事业部，为中国车企战略布局提供专业服务，并发布《全球新 能源汽车品类趋势研究报告》及行业首份聚焦Z世代的《新物种·新理念·新趋势：新能源汽车消费洞察 与预测（2024—2025）》等多份重磅成果，持续为行业输出前瞻性的战略指引。 奇瑞汽车是里斯战略咨询服务的汽车客户之一，针对奇瑞汽车赴港上市及中国汽车产业创新，里斯战略 咨询全球CEO、中国区主席张云认为，奇瑞汽车近年来实现高速增长，营收已居国内车企前列，关键驱 动力是奇瑞汽车前瞻性的海外布局。 ...

奇瑞汽车股份有限公司（简称"奇瑞汽车"）今日在港交所正式挂牌上市，股份代号 9973。此次上市， 奇瑞汽车以 30.75 港元 / 股的招股价上限定价，募资规模达 91.4 亿港元（注：现汇率约合 83.76 亿元人 民币），一举成为年内港股市场规模最大的车企 IPO。 果然财经｜年内港股最大车企IPO诞生，奇瑞汽车港交所上市 移动端评论 暂无评论 热门评论我要评论 微信扫码 果然财经｜年内港股最大车企IPO诞生，奇瑞汽车港交所上市 大众报业·齐鲁壹点11:36 鲁ICP备15022957号-13 鲁公网安备 37010202002220号 鲁新网备案号201000101 电信增值业务许可证： 鲁B2-20120085 齐鲁晚报·齐鲁壹点 版权所有(C) All Rights Reserved 联系电话：0531-82625462邮箱： 1790179766@qq.com ...

Core Viewpoint - Chery Automobile officially listed on the Hong Kong Stock Exchange on September 25, raising approximately HKD 9.145 billion through the issuance of 297 million shares at an offering price of HKD 30.75 [1][3]. Group 1: IPO Details - The global offering included 13 cornerstone investors who subscribed for approximately HKD 4.566 billion, accounting for about 49.98% of the total shares offered [3]. - On the first day of trading, Chery's stock price peaked at HKD 34.98, representing a 13.75% increase, with a total trading volume of approximately 78.2685 million shares and a transaction value of HKD 2.6 billion [3][4]. - The closing price on the first day was HKD 31.92, giving the company a market capitalization of approximately HKD 184.09 billion [3][4]. Group 2: Financial Metrics - Chery's price-to-earnings (P/E) ratio is 12.21, and the price-to-book (P/B) ratio is 6.52 [4]. - The company has a return on equity (ROE) of 53.36% and a return on assets (ROA) of 6.61% [5]. - The stock's trading range on the first day was between HKD 31.72 and HKD 34.98, with a volatility of 10.60% [5]. Group 3: Market Comparison - Compared to other automotive companies listed in Hong Kong, Chery's valuation appears low, with a P/E ratio of 10.57 and a price-to-sales (P/S) ratio of 0.60 [6]. - The average P/E ratio for other listed automotive companies is 17.01, indicating that Chery may be undervalued relative to its peers [6]. Group 4: Subscription and Trading Activity - The public subscription for Chery's shares was highly competitive, with a subscription multiple of 308.18 times and a one-hand winning rate of 0.67% [8]. - The most net purchases on the first trading day were made by Barclays, Yau Tsai Securities, and Bank of China International, while the most net sales were by BTIG, Citic Lyon, and CICC Hong Kong [9]. - Chery's stabilization agent is CICC Hong Kong, with a green shoe option amounting to HKD 1.372 billion, which remains unexercised as the stock price stayed above the offering price [12].

Core Viewpoint - Chery Automobile Co., Ltd. officially listed on the Hong Kong Stock Exchange on September 25, 2023, raising approximately HKD 91.45 billion, marking the largest IPO of a car company in the Hong Kong market this year [2] Company Overview - Chery Automobile, established in 1997 and located in Wuhu, China, focuses on innovation and international market expansion, offering a diverse range of passenger vehicles, including both fuel and new energy vehicles [5] - According to Frost & Sullivan, Chery is the second largest domestic passenger car brand in China and the eleventh largest globally based on projected sales in 2024 [5] Sales Performance - In 2024, Chery's passenger vehicle sales are expected to grow by 49.4% compared to 2023, leading the growth among the top twenty global passenger car companies [5] - The company is the only one among the top twenty global passenger car companies to achieve over 25% growth in sales for both new energy and fuel vehicles, as well as in domestic and overseas markets [5] Domestic Market Insights - Chery's passenger vehicle sales in China are projected to increase by 56.0% in 2024, with new energy vehicle sales expected to rise by 277.3% compared to 2023 [6] - The company ranks first in sales growth for both fuel and new energy vehicles among the top ten passenger car companies in China [6] International Market Presence - Since exporting its first vehicle in 2001, Chery has sold over 13 million vehicles across more than 100 countries and regions [7] - Chery has maintained the highest export volume among Chinese independent passenger car brands for 22 consecutive years since 2003 [7] - In 2024, Chery ranks first among Chinese independent brands in Europe, South America, and the Middle East and North Africa, and second in North America and Asia (excluding China) [7] Brand Portfolio - Chery operates five major brands: Chery, Jetour, Exeed, iCAR, and Zhijie, each catering to different customer needs and market segments [7] - The revenue contribution from these five brands has been consistent, accounting for 89.1% in 2022, 92.7% in 2023, and projected at 90.3% for the first quarter of 2025 [7] Chery Brand Highlights - The Chery brand, targeting the mass market and family users, has sold over 10 million vehicles, making it the first independent passenger car brand in China to surpass this milestone [8] - Key models such as the Tiggo 8, Tiggo 7, and others have shown strong sales performance, with the Tiggo 8 ranking first in the Chinese fuel vehicle market among independent brands in 2024 [8]

据总部位于安徽省芜湖市的奇瑞汽车股份有限公司消息，该公司25日在香港交易及结算所有限公司(港 交所)挂牌上市，这也是今年港股规模最大的车企IPO。 奇瑞汽车成立于1997年。自2003年起，奇瑞汽车连续22年位居中国自主品牌乘用车公司出口量第一。 (完) （文章来源：中国新闻网） 该公司董事长尹同跃表示，在港股上市是迈进国际资本市场的重要一步。奇瑞汽车将加速技术创新，深 化全球布局，持续做强汽车主业；同时积极培育更多优秀企业，助力它们接力上市，为产业生态注入活 力。 奇瑞汽车此次港股IPO发行价格为每股30.75港元，募集资金总额约91.45亿港元。奇瑞汽车此次上市正 值其业绩快速增长期。2022年至2024年，奇瑞汽车营业收入从926.18亿元人民币增长至2698.97亿元人民 币。 ...

Group 1 - The Hong Kong stock market saw mixed performance with the Hang Seng Technology Index slightly down by 0.13%, while the National Enterprises Index rose marginally by 0.01% [2] - The Hang Seng Technology Index experienced a peak increase of 2% during the trading session before closing with a minor decline [2] Group 2 - Major technology stocks generally maintained an upward trend, with Xiaomi rising by 4.48%, JD.com by 3.46%, and Baidu by 2.33% [4] - Automotive stocks collectively increased, with Chery Automobile seeing a significant rise of nearly 14% on its first trading day, while other companies like Li Auto, NIO, and BYD also posted gains [4] - Copper prices surged due to supply tightness following an accident at the world's second-largest copper mine, leading to strong performances in the copper sector, with China Daye Non-Ferrous Metals soaring by 25% [4]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index initially rising nearly 2% before closing down 0.13% at 26,484.68 points, with a total turnover of HKD 314.89 billion [1] - The Hang Seng Tech Index rose by 0.89% to 6,379.19 points, while the Hang Seng China Enterprises Index saw a marginal increase of 0.01% to 9,444.22 points [1] Blue-Chip Performance - Xiaomi Group-W (01810) showed strong performance, rising 4.48% to HKD 59.45, contributing 72.84 points to the Hang Seng Index [2] - Other notable blue-chip stocks included Zijin Mining (02899) up 5.13%, JD Group-SW (09618) up 3.46%, while Haier Smart Home (06690) and Hang Seng Bank (00011) saw declines of 4.79% and 3.13% respectively [2] Sector Highlights - Large tech stocks mostly rose, with Xiaomi up over 4%, JD up over 3%, and Baidu up over 2% [3] - Copper stocks surged due to production disruptions, with Luoyang Molybdenum (03993) up 11%, and other copper-related stocks also seeing significant gains [3][4] - The robotics sector gained traction, with several companies experiencing notable increases in stock prices [4][5] Copper Market Dynamics - A landslide at Freeport McMoRan's Grasberg mine in Indonesia has halted production, expected to impact global copper supply significantly, with a projected 35% decrease in copper-gold output by 2026 [4] - This disruption is anticipated to support copper prices, as Grasberg accounts for approximately 3% of global copper supply [4] Robotics Sector Developments - The Chinese government is focusing on humanoid robots and related technologies, with significant investments expected in the coming years [5] - Companies like UBTECH and others are rapidly advancing in humanoid robot production, with substantial orders being reported [5] Chip Sector Activity - Semiconductor stocks remained active, with Huahong Semiconductor (01347) rising 4.74% and other chip companies also showing positive movement [5][6] Notable Stock Movements - China Everbright Holdings (00165) surged 25.89% to HKD 12.79, driven by investments in high-tech sectors [7] - Yimai Sunshine (02522) rose 14.08% following the launch of an AI medical imaging product in collaboration with Alibaba Cloud [8] - CATL (03750) reached a new high, up 5.14% to HKD 532, with Morgan Stanley upgrading its rating due to strong demand for energy storage batteries [9] - Chery Automobile (09973) debuted on the Hong Kong Stock Exchange, rising 3.8% to HKD 31.92, marking a significant IPO [10] - JD Group-SW (09618) increased by 3.46%, with plans for substantial investments in AI over the next three years [11]