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一季度利润暴增!奇瑞汽车再次IPO
Xin Lang Cai Jing·2025-08-30 18:24

Core Viewpoint - Chery Automobile's application for a Hong Kong IPO has expired, but it has received approval from the China Securities Regulatory Commission (CSRC) for overseas issuance, indicating it meets the conditions for listing [1][3][11] Group 1: IPO Process - Chery submitted its IPO application to the Hong Kong Stock Exchange (HKEX) on February 28, but it has not received any hearing news for over six months, leading to the expiration of its application [1] - On August 29, Chery resubmitted its IPO application to the HKEX [3] - The CSRC's approval allows Chery to issue up to 698,922,800 overseas listed shares and convert 2,015,999,074 domestic unlisted shares into overseas shares for listing [1][3] Group 2: Financial Performance - Chery's projected revenues for 2022, 2023, and 2024 are RMB 92.62 billion, RMB 163.20 billion, and RMB 269.90 billion, respectively, with net profits of RMB 5.81 billion, RMB 10.44 billion, and RMB 14.33 billion [3][5] - As of Q1 2025, Chery reported revenues of RMB 68.22 billion and a net profit of RMB 4.73 billion [3][5] Group 3: Historical Context - Chery's IPO attempts date back to 2004, with multiple failed attempts due to various issues, including complex shareholding structures and market conditions [6] - The current IPO attempt marks Chery's sixth attempt to go public [6] Group 4: Shareholding Structure - Chery has 18 shareholders, with Chery Holdings being the largest shareholder at 38.6% [6][7] - Other significant shareholders include Anhui Credit Guarantee Group and Luxshare Precision, each holding over 5% [7] Group 5: Strategic Initiatives - Chery plans to use the funds raised from the IPO for R&D of various passenger car models, enhancing core technology capabilities, expanding overseas markets, and improving production facilities [7] - In May, Chery established the "Chery Intelligent Center" to accelerate its smart technology strategy by integrating its subsidiaries [8]