智通财经APP讯，卧龙电驱(600580.SH)发布公告，公司已于2025年08月13日向香港联合交易所有限公 司(简称"香港联交所")递交了发行境外上市股份(H股)并在香港联交所主板上市(简称"本次发行并上市") 的申请，并于同日在香港联交所网站刊登了本次发行并上市的申请材料。该申请材料为公司按照香港证 券及期货事务监察委员会(简称"香港证监会")及香港联交所的要求编制和刊发，为草拟版本，其所载资 料可能会适时作出更新及修订，投资者不应根据其中的资料作出任何投资决定。 ...

人民财讯8月14日电，卧龙电驱（600580）8月14日晚间公告，公司已于2025年8月13日向香港联交所递 交了发行境外上市股份(H股)并在香港联交所主板上市的申请，并于同日在香港联交所网站刊登了本次 发行并上市的申请材料。 ...

Core Viewpoint - Wolong Electric Drive has submitted an application for issuing overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange on August 13, 2025 [1] Group 1 - The application was submitted to the Hong Kong Stock Exchange and the materials were published on the same day [1] - The application materials were prepared in accordance with the requirements of the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange [1] - The information contained in the application materials is a draft version and may be updated or revised [1]

Group 1 - The core viewpoint is that the rare earth industry is entering a traditional consumption peak season, leading to increased demand and procurement, which is expected to drive up prices [4] - The rare earth ETF, Jiashi, has seen significant trading activity with a turnover of 6.55% and a transaction volume of 319 million yuan, ranking first among comparable funds [3] - As of August 13, the Jiashi rare earth ETF has achieved a net value increase of 78.28% over the past year, placing it in the top 5.04% among index equity funds [3] Group 2 - The top ten weighted stocks in the Zhongzheng Rare Earth Industry Index account for 59.32% of the index, with North Rare Earth and Baotou Steel being the largest contributors [3][6] - The Jiashi rare earth ETF has reached a new high in scale at 4.856 billion yuan, also ranking first among comparable funds [3] - The report from CITIC Securities suggests that the relaxation of export controls and the anticipation of price increases in the rare earth sector present investment opportunities [4]

Group 1 - The synchronous reluctance motor sector leads the market with an increase of 4.77% [1] - Wolong Electric Drive saw a significant rise of 10.0% [1] - Weichuang Electric experienced a modest increase of 0.36% [1]

Core Insights - Wolong Electric Drive surged to the daily limit, indicating strong market interest and potential bullish sentiment in the sector [1] - Companies such as Yizhiming and Zhenyu Technology saw gains exceeding 5%, reflecting positive momentum in the industry [1] - Other firms including Jinfatech, Fangzheng Electric, Wuzhou New Spring, and robotics companies also experienced upward movement, suggesting a broader trend of growth within the market [1]

Group 1 - The synchronous reluctance motor sector has seen an increase, with Wolong Electric Drive rising by 10.0% and Weichuang Electric rising by 0.36% [1]

Core Insights - The synchronous reluctance motor sector experienced a rapid increase, with a rise of 0.74% on August 14, indicating positive market sentiment towards this industry [1] Company Performance - Companies such as Wolong Electric Drive and Weichuang Electric showed significant gains, leading the sector's performance [1]

Core Viewpoint - Wolong Electric Drive has submitted a listing application to the Hong Kong Stock Exchange, with CICC, Huatai International, and GF Securities (Hong Kong) as joint sponsors [1] Company Overview - The company is a global leader in electric drive system solutions, focusing on five core business areas: research and development, production, sales, and services [1] - Wolong Electric Drive has over 40 years of experience in the electric drive system field, driven by technological innovation and digital empowerment, and is actively expanding into electric aviation and embodied intelligence [1] Market Position - According to Frost & Sullivan, Wolong Electric Drive ranks first in the global explosion-proof electric drive system solutions market with a market share of 4.5% based on 2024 revenue [1] - The company ranks fourth in the global industrial electric drive system solutions market with a market share of 2.8% [1] - In the global HVAC electric drive system solutions market, the company ranks fifth with a market share of 2.0% [1]

Core Viewpoint - Wolong Electric Drive Group Co., Ltd. is preparing for an IPO in Hong Kong, and its prospectus has attracted significant market attention, highlighting its business operations, financial data, related transactions, and management team [1] Business Focus - The company specializes in electric drive systems, with five core segments: explosion-proof, industrial, HVAC, new energy transportation, and robotic components and systems [2][7] - The revenue structure shows that the explosion-proof, industrial, and HVAC electric drive systems are the primary business segments, contributing significantly to annual revenue [7] Revenue Composition and Changes - The total revenue for 2022, 2023, and 2024 is projected to be RMB 142.66 billion, RMB 155.66 billion, and RMB 162.47 billion, respectively, indicating a compound annual growth rate (CAGR) of 21.9% from 2002 to 2024 [8] - The revenue from the explosion-proof electric drive system solutions for 2024 is expected to be RMB 46.97 billion, accounting for 28.9% of total revenue [4] - The new energy transportation electric drive system solutions have shown a declining trend in revenue from RMB 6.47 billion in 2022 to RMB 3.89 billion in 2024 [7] Financial Data - The net profit is projected to grow at a CAGR of 16.2% from 2002 to 2024, although specific net profit figures have not been disclosed [6] - The company has maintained a stable revenue growth trajectory, with significant contributions from its global operations and technological investments [8] Related Transactions and Financial Challenges - The company completed a business sale related to energy storage and photovoltaic power generation to an entity controlled by its major shareholder, which may impact its business structure and financial status [16] - The company has faced challenges related to high R&D expenditures, which may pressure short-term profits while aiming for long-term technological advancements [16] Management Team and Risk Factors - The core management team possesses extensive experience in the electric drive system sector, which is beneficial for strategic planning and daily operations [20] - The prospectus does not detail the compensation and incentive mechanisms for management, which are crucial for maintaining management stability and motivation [20]