奇瑞赴港IPO，重大进展

Core Viewpoint - Chery Automobile is making significant progress towards its Hong Kong IPO, with the China Securities Regulatory Commission approving its application for overseas issuance and "full circulation" of unlisted shares [1][4]. Group 1: IPO Details - Chery plans to issue up to 699 million overseas listed ordinary shares and convert 2.016 billion unlisted shares held by 18 shareholders into shares for listing on the Hong Kong Stock Exchange [1][4]. - The company submitted its listing application to the Hong Kong Stock Exchange on February 28, 2025, marking a new phase in its 20-year IPO journey [4][5]. - The top five shareholders applying for full circulation include Anhui Credit Financing Guarantee Group Co., Ltd. and Wuhu Investment Holding Group Co., Ltd., with share applications ranging from 155 million to 273 million shares [4]. Group 2: Financial Performance - Chery's revenue for 2022 and 2023 was 92.618 billion yuan and 163.205 billion yuan, respectively, with net profit increasing from 5.806 billion yuan in 2022 to 10.444 billion yuan in 2023, a nearly 80% increase [10]. - For the first three quarters of 2024, Chery achieved revenue of 182.154 billion yuan, a year-on-year growth of 67.7%, and net profit of 11.312 billion yuan, up 58.5% [10]. - In 2024, Chery sold 2.6039 million new vehicles, a 38.4% increase year-on-year, with exports exceeding 1.14 million units, marking a 21.4% growth and setting a record for Chinese automotive exports [10]. Group 3: Strategic Initiatives - Chery is focusing on electric and intelligent vehicle development, with plans to invest over 100 billion yuan in core technology research over the next five years [12]. - The company is exploring new directions such as low-altitude economy, robotics, and artificial intelligence, including a recently filed patent for a modular flying car [12]. - The funds raised from the IPO will be used for expanding product lines, enhancing core technology capabilities, and supporting global market expansion [11].