Group 1 - Chery Automobile Co., Ltd. officially launched its IPO on September 17, with the offering period running until September 22, and plans to list on the Hong Kong Stock Exchange on September 25 [1] - The company is offering 297 million H-shares globally, with 10% allocated for Hong Kong and 90% for international investors, along with a 15% over-allotment option [1] - The price range for the shares is set between HKD 27.75 and HKD 30.75, with an estimated fundraising amount between HKD 8.241 billion and HKD 9.132 billion [1] Group 2 - Chery plans to allocate 35% of the net proceeds for research and development of various passenger car models, 25% for next-generation vehicles and advanced technologies, 20% for expanding overseas markets, 10% for enhancing production facilities, and 10% for working capital and general corporate purposes [1] - Financial projections indicate that Chery's revenue will grow from CNY 92.618 billion in 2022 to CNY 269.897 billion in 2024, with net profit increasing from CNY 5.806 billion to CNY 14.334 billion [1] - In the first quarter of 2025, Chery reported revenue of CNY 68.223 billion and a net profit of CNY 4.726 billion [1] Group 3 - The successful listing of Chery marks the completion of the IPO journey for all major traditional Chinese independent automotive brands, after over 20 years of attempts and setbacks [2]
奇瑞汽车今日启动港股招股，预计9月25日挂牌上市