Workflow
奇瑞汽车通过港交所上市聆讯 去年净利润同比增长37.2%
Zheng Quan Shi Bao Wang·2025-09-07 13:38

Core Viewpoint - Chery Automobile has successfully passed the listing hearing at the Hong Kong Stock Exchange for its IPO, aiming to raise between $1.5 billion and $2 billion [1] Group 1: Financial Performance - In 2023, Chery Automobile achieved a net profit of 14.334 billion yuan, representing a year-on-year growth of 37.2% [1] - For 2024, the company projects a revenue of 269.897 billion yuan, which is a 65.4% increase year-on-year, alongside a net profit of 14.334 billion yuan, maintaining a high growth trajectory [1] - The net cash flow from operating activities for 2024 is expected to reach 44.887 billion yuan, with cash and cash equivalents amounting to 62.693 billion yuan by December 31, 2024 [3] Group 2: Market Position and Sales - Chery has sold over 13 million vehicles globally since its first export in 2001, maintaining the top position in China's independent brand passenger car exports for 22 consecutive years [2] - In 2024, Chery's global passenger car sales are projected to exceed 2.295 million units, marking a year-on-year growth of 49.4%, making it the fastest-growing company among the top twenty global passenger car manufacturers [1][2] - The company ranks first among Chinese independent brands in Europe, South America, and the Middle East and North Africa, and second in North America and Asia (excluding China) [2] Group 3: Product and Brand Portfolio - Chery's product matrix includes five major brands: Chery, Jetour, Exeed, iCAR, and Zhijie, catering to different consumer segments [2] - The main brand, Chery, is targeted at the mass and family user segments, with projected sales of 1.5233 million units in 2024 [2] - The Chery Tiggo 8 model ranks first in global sales among Chinese independent brands in the fuel vehicle market and third in China [2] Group 4: Technological Advancements - Chery's core technologies include the "Kunpeng Power" powertrain system, the "Mars Architecture" vehicle development platform, and the "Lion Smart Cabin" intelligent cockpit system, which supports personalized customization [2] - The company has received multiple five-star safety ratings for its advanced driver assistance systems, compliant with safety regulations in China and Europe [2] Group 5: IPO Details - Chery plans to issue up to 699 million shares of overseas listed ordinary shares, with an estimated share price between $2.5 and $2.8, aiming to raise approximately 15 billion to 20 billion dollars (about 11.7 billion to 15.6 billion Hong Kong dollars) [3]