东风集团深夜宣布岚图将赴港上市，股价1小时暴涨91%

Core Viewpoint - Dongfeng Motor Group Co., Ltd. is taking strategic steps to enhance its valuation and address industry challenges by listing its subsidiary, Lantu Automotive, on the Hong Kong Stock Exchange while simultaneously privatizing itself [1][2]. Group 1: Transaction Details - Lantu Automotive will be listed through an introduction method, with Dongfeng Group completing its privatization [1]. - The transaction involves a "share distribution + absorption merger" model, where Dongfeng will distribute 79.67% of Lantu's shares to its shareholders before Lantu's listing [1]. - The overall acquisition price is set at HKD 10.85 per share, comprising HKD 6.68 in cash and HKD 4.17 in equity [1]. Group 2: Financial Performance - Dongfeng Group reported a revenue of CNY 54.533 billion in the first half of the year, a year-on-year increase of 6.6%, but its profit attributable to shareholders dropped nearly 92% to CNY 0.055 billion [2]. - Lantu Automotive's projected revenues for 2022, 2023, and 2024 are CNY 6.052 billion, CNY 12.749 billion, and CNY 19.361 billion, respectively, with a significant reduction in net losses [3]. Group 3: Strategic Implications - The move aims to highlight Lantu's investment value, which has been underappreciated within Dongfeng's valuation framework [2]. - Post-listing, Lantu is expected to break the low valuation constraints of Dongfeng Group, broaden financing channels, and enhance brand image [2]. - Lantu's successful listing would mark it as the first new energy vehicle company listed in Wuhan, filling a gap in the central region [4].