Group 1 - Boreton, a domestic pure electric engineering machinery manufacturer, has launched an IPO, planning to issue 13,000,000 shares globally, with 11,700,000 shares for international offering and 1,300,000 shares for public offering in Hong Kong [1] - The Hong Kong public offering starts on April 25, 2025, and ends on April 30, 2025, with the final offer price and allocation results to be announced by May 6, 2025 [1] - Boreton is expected to begin trading on the Hong Kong Stock Exchange on May 7, 2025, under the stock code 1333, with a trading unit of 200 shares [1] Group 2 - According to Zhaoshang Consulting, Boreton ranks third among all new energy wide-body dump truck manufacturers and seventh among loader manufacturers in China by shipment volume, with market shares of 18.3% and 3.8% respectively [2] - The shipment volume of Boreton's main product, electric wide-body dump trucks, has surged from 59 units in 2022 to 307 units in 2024, representing a compound annual growth rate of 128.1% [2] - Boreton's total revenue has steadily increased, reaching 360 million RMB in 2022, 464 million RMB in 2023, and 635 million RMB in 2024 [2] Group 3 - Despite revenue growth, Boreton has reported net losses of 178 million RMB, 229 million RMB, and 275 million RMB for 2022, 2023, and 2024 respectively, indicating an expanding trend in losses due to significant upfront investments in product development and a penetration pricing strategy [2] - Boreton has attracted interest from various institutional investors, completing multiple rounds of financing since its establishment, with a valuation of 5.248 billion RMB following the C+ round financing in March 2023 [2]
博雷顿预计5月7日香港上市