Company Overview - Hesai Technology, the first global lidar company to go public in Hong Kong, priced its shares at HKD 212.8, aiming to raise at least HKD 3.62 billion [1] - The public offering was oversubscribed by 170 times, with total funds involved reaching HKD 66.9 billion [1] - The company plans to issue 17 million Class B ordinary shares, with 10% allocated for public offering, and the maximum fundraising target is HKD 3.88 billion [1][2] Financial Performance - In Q2 2023, Hesai achieved revenue of RMB 710 million, a year-on-year increase of 53.9%, and net profit exceeded RMB 40 million, surpassing GAAP profitability targets [2] - Total lidar deliveries reached 352,095 units in Q2, marking a year-on-year growth of 306.9%, with ADAS product deliveries at 303,564 units, up 275.8% [2] - For the first six months of 2025, total lidar deliveries reached 547,913 units, a year-on-year increase of 276.2% [2] Market Position - Hesai is recognized as the largest lidar supplier globally by revenue for 2022, 2023, and 2024, and is projected to be the first company to exceed 100,000 units shipped in a single month by December 2024 [3] - The global lidar market is expected to grow from USD 300 million in 2020 to USD 1.6 billion by 2024, with a compound annual growth rate (CAGR) of 57.8%, and projected to reach USD 17.3 billion by 2029, with a CAGR of 61.7% [3] - The Chinese lidar market is significantly outpacing other regions in terms of market size and growth rate [3] Stock Performance - Since its U.S. listing, Hesai's stock has doubled, closing at USD 27.74, with a market capitalization exceeding USD 3.7 billion [3]
新股消息 | 传禾赛科技-W(02525)以每股212.8港元定价 公开发售部分超额认购170倍