宁德时代港股上市，创四年多募资新高

Core Viewpoint - Ningde Times officially listed on the Hong Kong Stock Exchange, becoming the first domestic power battery company to be listed on both A-shares and H-shares, marking a significant milestone in its global capital market integration [1][3]. Group 1: Listing Details - The company submitted its prospectus in February and received approval from the Hong Kong Stock Exchange in April, completing the listing process in just over three months [3]. - A total of 135 million shares were issued at a price of 263 HKD per share, representing approximately 3% of the total share capital as of the end of Q1 [3]. - The net fundraising amount is approximately 35.3 billion HKD (about 32.5 billion RMB), making it the largest fundraising globally this year and the highest in over four years for the Hong Kong market [3]. Group 2: Market Performance - As of May 20, the stock price in Hong Kong reached 296.6 HKD, an increase of 12.89%, while the A-share price was 257.31 RMB, showing a decrease of 1.03% [3]. Group 3: Investor Participation - 23 institutional investors, including Sinopec, Kuwait Investment Authority, and Hillhouse Capital, subscribed to 57.1% of the issued shares, with Sinopec and Kuwait Investment Authority contributing the highest amounts of 3.87 billion HKD each [3]. Group 4: Strategic Focus - The chairman stated that the Hong Kong listing allows the company to integrate more broadly into the global capital market and is a new starting point for promoting a global zero-carbon economy [3]. - Ningde Times is recognized as a leader in power and energy storage batteries, holding the top position in power battery installation for eight consecutive years and leading the energy storage battery market for four years [3]. Group 5: Fund Utilization - 90% of the raised funds will be allocated to the construction of the first and second phases of the Hungary project, with the remaining funds used for working capital [4]. - The Hungary project has a planned capacity of 72 GWh and a total investment of approximately 4.9 billion euros [4]. - The company’s first overseas production base was established in Germany, which helps mitigate trade risks and expand into the European and American markets [4].