禾赛科技启动全球发行

Group 1 - The company is conducting a global offering consisting of two parts: a public offering in Hong Kong of 1.7 million Class B ordinary shares starting on September 8, and an international offering of 15.3 million Class B ordinary shares starting today [2] - The Class B ordinary shares will be dual-listed on the Hong Kong Stock Exchange with the stock code "2525", while the American Depositary Shares (ADS) will continue to be traded on the NASDAQ Global Select Market [2] - The maximum offering price for the Hong Kong shares is set at HKD 228.00 or USD 29.04 per share [3] Group 2 - The company has signed cornerstone investment agreements with several institutions, including HHLR Advisors, Taikang Life, WT Asset Management, Grab, Hongda Group, and Commando Global Fund, with plans to use the proceeds for R&D investment, business development, and working capital [4] - Founded in 2014 and listed on NASDAQ in 2023, the company specializes in the research and manufacturing of LiDAR technology, with a focus on high-definition 3D perception technology for safer and smarter applications in autonomous driving and robotics [4] - The report from the Automotive Research Institute indicates that the domestic LiDAR installation volume is expected to exceed 1.5 million units in 2024, a year-on-year increase of 179.7%, and reach 2.5 million units by the end of 2025 [4] Group 3 - The company, along with competitors like RoboSense and Huawei, holds a dominant position in the market, with significant partnerships established with major domestic automakers such as BYD, Chery, Great Wall, and Changan [5] - In Q2, the company delivered 352,000 LiDAR units, a year-on-year increase of 306.9%, with ADAS product deliveries reaching 304,000 units, up 275.8% [5] - The company reported Q2 revenue of CNY 706 million, a year-on-year increase of 53.9%, and a net profit of CNY 44.1 million, marking a turnaround from previous losses [5]