CATL(SZ:300750) Di Yi Cai Jing·2025-05-20 07:15Group 1 - The core viewpoint of the articles highlights that the H-shares of companies like Ningde Times and BYD are trading at a premium compared to their A-shares, which is a rare occurrence in the current market environment where most A-shares are priced higher than H-shares [1][4] - Ningde Times' IPO in Hong Kong raised approximately HKD 35.3312 billion by offering around 135.6 million shares at an issue price of HKD 263 per share, with 90% of the funds allocated to projects in Hungary to enhance local supply capabilities [2][3] - The company reported a projected revenue of CNY 362.013 billion and a net profit of CNY 50.745 billion for the year 2024, reflecting a year-on-year growth of 15.01% [2] Group 2 - The Hong Kong Financial Secretary noted that Ningde Times' successful listing reflects confidence in the Hong Kong stock market and the acceleration of mainland enterprises' global strategies [3] - The H-share premium index indicates that A-shares are generally trading at a 33.31% premium over H-shares, with Ningde Times and BYD being exceptions to this trend [4] - Analysts suggest that the strong performance of Ningde Times in the Hong Kong market is due to its leadership position in the global battery manufacturing sector, attracting foreign investment [4][5]