SANHUA(SZ:002050) Sou Hu Cai Jing·2025-06-23 08:45Core Viewpoint - Zhejiang Sanhua Intelligent Control Co., Ltd. (Sanhua) was listed on the Hong Kong Stock Exchange today, opening below the issue price and closing at HKD 22.50, a slight decline of 0.13% [1] Group 1: Listing Details - Sanhua's final offer price was HKD 22.53, with a total amount raised of HKD 9,336 million, resulting in a net amount of HKD 9,177 million after deducting estimated listing expenses of HKD 159 million [1][3] - The number of shares offered was 414,379,500, with 109,810,600 shares for public offering in Hong Kong and 304,568,900 shares for international offering [1] Group 2: Financial Performance - Sanhua's projected revenues for 2022, 2023, and 2024 are RMB 21.35 billion, RMB 24.56 billion, and RMB 27.95 billion, respectively, with net profits of RMB 2.61 billion, RMB 2.93 billion, and RMB 3.11 billion for the same years [4][5] - The company expects to generate net cash from operating activities of RMB 2.37 billion, RMB 3.56 billion, and RMB 4.03 billion from 2022 to 2024 [6] Group 3: Use of Proceeds - The proceeds from the global offering will be used for ongoing global R&D and innovation, expansion of factories in China, enhancing production automation, deepening globalization, and improving digital infrastructure across various business processes [3]