Core Viewpoint - Chery Automobile announced a global offering of 297,397,000 H-shares at a price of HKD 30.75 per share, with net proceeds amounting to HKD 8.879 billion [1] Summary by Category Offering Details - The public offering in Hong Kong accounted for 10% of the total shares, with a subscription rate of 308.18 times [1] - The international offering represented 90% of the total shares, with a subscription rate of 11.61 times [1] Trading Information - If the global offering becomes unconditional by 8:00 AM on September 25, 2025, the H-shares are expected to commence trading on the Hong Kong Stock Exchange at 9:00 AM on the same day [1] - H-shares will be traded in board lots of 100 shares, with the stock code being 9973 [1]

Group 1: Automotive Industry Outlook - The optimistic forecast for China's automotive industry during the "14th Five-Year Plan" period is an annual sales volume of 40 million vehicles, with an average growth rate of 3% and an export growth rate of 9% [1] - The potential for domestic consumption growth remains significant, driven by international market opportunities and the exploration of domestic demand [1] Group 2: Company Announcements - Chery Automobile's IPO price is set at HKD 30.75, raising net proceeds of approximately HKD 8.8793 billion, with a subscription rate of 308.18 times for public offerings [2] - Li Auto's CEO announced that the new Li i6 model will come standard with AD Max, which will be free of usage fees [3] - Great Wall Motors has adjusted its financial product purchase limit from CNY 30 billion to CNY 39 billion [3] - Lynk & Co has launched the new Lynk 08 EM-P model, starting at a price of CNY 175,800 [5] - XPeng Motors has launched its brand charging stations in Singapore, Malaysia, and Thailand, connecting to over 3,800 charging points [6] - Chasing Car is set to unveil its first ultra-luxury flagship SUV, with plans for a 2027 launch [7] - BYD has announced the rollout of its first electric buses in Kazakhstan [8] Group 3: Market Trends - The European Automobile Manufacturers Association reported a strong growth of 12% in the Chinese automotive market, contrasting with a decline in the overall European market [8] - Global vehicle registrations increased by 5% in the first half of the year, reaching 37.4 million units, with North America growing by 2.5% and Europe declining by 2.4% [8] Group 4: New Services - Waymo announced the launch of "Waymo for Business," a service allowing organizations to provide autonomous ride-hailing for employees and guests [9]

Core Viewpoint - Chery Automobile, after 28 years of development, is set to list on the Hong Kong Stock Exchange on September 25, 2025, marking a significant milestone as it evolves from a local car manufacturer to the 11th largest passenger car company globally, with a focus on expanding its electric vehicle (EV) offerings and advanced technologies [1][4]. Group 1: Company Development - Chery has transformed from producing the "national car" QQ to a diversified company with five major brands, covering various segments including new energy vehicles [1][4]. - The company has achieved a 100% automation rate in its manufacturing processes, showcasing advanced technology and flexibility in production lines [2][3]. - Chery's journey began in 1997 with limited resources, but it has since become a leader in the Chinese automotive industry, mastering core technologies such as engines and transmissions [3][4]. Group 2: Market Position and Achievements - According to Frost & Sullivan, Chery is the second largest domestic brand in China and the only company among the top twenty global passenger car manufacturers to see over 25% growth in EV sales, fuel vehicle sales, domestic sales, and overseas sales [4]. - Chery has maintained its position as the top exporter of Chinese passenger vehicles for 22 consecutive years, leading in markets such as Europe, South America, and the Middle East [4]. Group 3: Future Plans and Strategies - The company plans to use funds raised from its IPO to enhance its R&D capabilities, focusing on developing various models and expanding its EV product line, with 20% of the net proceeds specifically allocated for this purpose [7]. - Chery aims to integrate smart technologies into its vehicles, establishing a "Chery Intelligent Center" to drive innovation in areas such as intelligent cockpit and autonomous driving [6][7]. - The "Yaoguang 2025" strategy outlines Chery's commitment to advancing in the new energy sector, achieving significant technological breakthroughs in battery systems and intelligent driving [6][7].

点击查看公告原文>> 声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 来源：新浪港股-好仓工作室 本次发行情况如下：发行价：最终发行价格为每股H股30.75港元，处于27.75港元 - 30.75港元价格区间 的上限。发行股数：全球发售项下发售股份数目为297,397,000股H股（视乎超额配股权行使与否而 定），其中香港发售股份数目为29,739,700股H股，国际发售股份数目为267,657,300股H股（视乎超额配 股权行使与否而定）；超额分配的发售股份数目为44,609,500股，该等超额分配可透过行使超额配股权 或在二级市场以不高于发售价的价格购买或透过递延交付或上述方式的组合来补足。募集资金规模：所 得款项总额91.45亿港元，扣除按最 ...

Core Viewpoint - Chery Automobile Co., Ltd. successfully listed on the Hong Kong Stock Exchange on September 25, 2023, raising HKD 91.4 billion, marking the largest IPO for a car company in the Hong Kong market this year [1] Company Journey - Chery's journey from its inception in the 1990s to its recent IPO has been fraught with challenges, including financial crises and failed attempts at listing [2] - The company faced significant obstacles such as complex shareholding structures and a lack of experience in capital market operations, which delayed its IPO plans initiated in 2004 [2] IPO Details - The IPO was marked by a subscription rate of 238 times for the public offering, setting a new record for Hong Kong IPOs in 2023 [1][3] - The funds raised will be allocated strategically, with approximately 35% for R&D of various passenger car models, 25% for next-generation vehicles and advanced technologies, 20% for expanding overseas markets, and 10% for enhancing production facilities [3] Financial Performance - In 2024, Chery achieved revenue of CNY 269.9 billion and a net profit of CNY 14.3 billion, significantly outpacing the average growth rates of the global passenger car industry [4] - From 2022 to 2024, Chery's revenue grew from CNY 92.6 billion to CNY 269.9 billion, with a compound annual growth rate (CAGR) of 70.7%, while net profit increased from CNY 5.8 billion to CNY 14.3 billion, with a CAGR of 57.1% [4] Global Market Position - Chery's global sales reached 2.295 million vehicles in 2024, making it the second-largest Chinese independent brand in passenger car sales and the eleventh globally [4] - The company has maintained its position as the top exporter of Chinese independent brand passenger cars for 22 consecutive years, with a global sales network covering over 100 countries [5] Technological Innovation - Chery emphasizes technological innovation as a core competitive advantage, developing a comprehensive technology system that includes powertrains, platforms, smart cockpits, and driver assistance systems [5][6] - The company has established a modular hardware and cross-platform software design approach to reduce R&D costs and accelerate product launches [6] Strategic Implications - The successful IPO is seen as a milestone for Chery, providing essential funding to support its transition to electric vehicles and global expansion, while enhancing its brand image and governance [6]

此次奇瑞汽车以招股价上限30.75港元定价，发行3亿股H股，募资规模达91.4亿港元，基石投资者认购 总额约45.7亿港元。 新京报贝壳财经讯(记者林子)9月24日，奇瑞汽车暗盘交易时股价大涨9.53%。9月25日，奇瑞汽车即将 在香港正式挂牌上市。 ...

人民财讯9月24日电，奇瑞汽车9月24日晚间在港交所公告，H股最终发售价为每股30.75港元。 ...

Major Events - Chery Automobile (09973) has received a subscription rate of 308.18 times for its Hong Kong public offering [1] - Sinopec Oilfield Services (01033) has officially signed a contract for the second phase of the Ratawi oil field and inter-well pipeline project in Iraq [1] - Heng Rui Medicine (01276) has signed a licensing agreement for the Trastuzumab project with Glenmark Specialty [1] - AsiaInfo Technologies (01675) has signed a cooperation contract with Alibaba Cloud for a capability center [1] - Baidu Biotechnology-B (02315) has received approval from the Shanghai Stock Exchange's Science and Technology Innovation Board for its A-share issuance [1] Financial Data - Chow Tai Fook Enterprises (00659) reported a 3.73% year-on-year increase in net profit attributable to shareholders, reaching HKD 2.162 billion, with a final dividend of HKD 0.35 per share [1] - Nine Dragons Paper (02689) reported a 135.4% year-on-year increase in profit attributable to equity holders, amounting to approximately HKD 1.767 billion [1] - Datang New Energy Group (00559) announced an annual profit of HKD 33.614 million, marking a return to profitability [1] Buybacks and Increases - Tencent Holdings (00700) repurchased 858,000 shares at a cost of approximately HKD 550 million on September 24 [1] - Anta Sports (02020) spent HKD 188 million to repurchase 2.003 million shares on September 24 [1] - Midea Group (00300) repurchased 1.3541 million A-shares for approximately HKD 99.9934 million on September 24 [1] - Lianlian Digital (02598) plans to repurchase H-shares in the open market [1] - Giant Bio (02367) saw its controlling shareholder increase holdings by 2.0066 million shares [1] - New天绿色能源 (00956) received an increase of 1 million H-shares from its shareholder, Great Wall Life Insurance [1]

格隆汇9月24日丨奇瑞汽车(09973.HK)公告，公司全球发售297,397,000股H股，每股H股30.75港元，所 得款项净额88.79亿港元。香港公开发售股份数目占全球发售股份数目10%，获认购308.18倍；国际发售 股份数目占全球发售股份90%，获认购11.61倍。假设全球发售于香港时间2025年9月25日(星期四)上午 八时正或前成为无条件，预期H股将于香港时间2025年9月25日(星期四)上午九时正开始在联交所买卖。 H股将以每手买卖单位100股H股进行买卖，H股的股份代号将为9973。 ...

奇瑞汽车(09973)公布配发结果，公司全球发售约2.97亿股H股，香港公开发售占10%，国际发售占 90%。最终发售价为每股30.75港元，全球发售净筹约88.79亿港元。每手100股，预期H股将于香港时间 2025年9月25日(星期四)上午九时正开始在联交所买卖。 其中，香港公开发售获308.18倍认购，国际发售获11.61倍认购。 ...