奇瑞启动港股招股，年内最大港股汽车IPO将现？

Core Viewpoint - Chery Automobile has officially launched its global IPO, planning to list on the Hong Kong Stock Exchange on September 25, with a potential fundraising of approximately HKD 8.441 billion, making it one of the largest IPOs for an automotive company in Hong Kong this year [1] Group 1: IPO Details - Chery plans to globally offer 297.4 million shares at a price range of HKD 27.75 to HKD 30.75 per share, with a midpoint price of HKD 29.25 [1] - The cornerstone investor lineup includes 13 institutions, such as Hillhouse Capital and Hong Kong Jinglin, collectively subscribing to approximately USD 587 million worth of shares [1] Group 2: Business Overview - Chery operates across multiple sectors, including automotive, smart technology, and auto parts, with five major brands: Chery, Jetour, Exeed, iCAR, and Zhijie, offering both fuel and new energy vehicles [1] - The company has established a vast dealer network, with 3,663 dealer outlets in mainland China covering over 310 cities and 2,958 outlets overseas as of March 2025 [1] Group 3: Sales Performance - Since its establishment in 2003, Chery has sold over 13 million vehicles globally, with a sales network spanning over 100 countries and regions [2] - In 2024, Chery's total sales are projected to reach 2.6039 million units, a year-on-year increase of 38.4%, with exports accounting for 1.1446 million units, up 21.4% [2] Group 4: Financial Performance - Chery's revenue has shown significant growth, with figures of CNY 92.618 billion, CNY 163.205 billion, and CNY 269.897 billion for the years 2022, 2023, and 2024 respectively, and net profits of CNY 5.806 billion, CNY 10.444 billion, and CNY 14.334 billion [3] - In Q1 2025, Chery reported revenue of CNY 68.223 billion and a net profit of CNY 4.726 billion, reflecting substantial increases from the previous year [3] - The revenue from new energy vehicles has increased, now accounting for 27.3% of total revenue [3]