Core Viewpoint - Aux Electric is set to list on the Hong Kong Stock Exchange, marking a new chapter in its globalization journey after over 30 years in the air conditioning industry. The listing is a recognition of its technological innovation and smart manufacturing capabilities [1] Group 1: Listing and Financial Performance - Aux Electric has completed its IPO process and is scheduled to list on September 2, with a market capitalization estimated between HKD 24.912 billion and HKD 27.123 billion, reflecting a static P/E ratio significantly lower than its peers in the Hong Kong market [1] - The company has demonstrated strong financial growth, with a compound annual growth rate (CAGR) of 23.45% in revenue and 42.07% in net profit from 2022 to 2024, surpassing industry averages [1] Group 2: Globalization Strategy - The company has attracted several cornerstone investors, including China Post Insurance and Huaying Group, indicating strong market confidence in its business model and enhancing the stability of its investor base [3] - Since 2018, Aux Electric has been actively pursuing globalization, establishing R&D centers in Japan and production bases in Thailand, while expanding its sales presence in Malaysia, Thailand, and the U.S. [3] - The revenue from overseas markets has shown significant growth, with projections indicating that by 2024, nearly half of the total revenue will come from international markets, particularly with revenue growth rates of 85% in North America and 109% in South America [3] Group 3: Technological Advancements - Aux Electric has made notable advancements in smart and digital technologies, successfully building an industrial internet platform that enhances efficiency across R&D, production, supply chain operations, and sales [4] - The company is focusing on supply chain control and capacity expansion, with its Wuhu smart manufacturing base set to produce key air conditioning components by June 2025, and a new factory in Ningbo approved to meet increasing overseas demand [4] - The listing coincides with a critical transition in the Chinese air conditioning industry from "scale expansion" to "quality and efficiency enhancement," positioning Aux Electric to leverage its technological innovation and global operational capabilities [4]
奥克斯电气港股上市，以智能制造与全球化战略领跑家电出海新赛道