Group 1 - Chery Automobile launched its IPO on September 17, seeking to raise up to HKD 91.45 billion, with a potential maximum of HKD 105.17 billion if the over-allotment option is fully exercised [1] - The IPO involves a global offering of 297 million H-shares, representing 5.16% of the total shares post-issue, with 90% allocated for international sale and 10% for public offering [1] - Thirteen cornerstone investors have committed to the IPO, collectively subscribing to approximately HKD 45.73 billion worth of shares, including significant investments from state-owned funds and various companies [1] Group 2 - The net proceeds from the IPO will primarily be used for R&D of various passenger car models, enhancing core technology capabilities, expanding overseas markets, upgrading production facilities in Wuhu, Anhui, and general corporate purposes [2] - Chery Automobile is the second largest independent passenger car brand in China and the eleventh largest globally, with a projected growth of over 25% in both electric and fuel vehicle sales in 2024 compared to 2023 [2] - The company has five brands, including Chery, Jetour, Exeed, iCAR, and Zhijie, each catering to different customer needs and preferences [2] Group 3 - Since 2003, Chery has been the top exporter of passenger cars among Chinese independent brands, with over 13 million vehicles sold globally across more than 100 countries and regions by August 2025 [3] - In 2024, Chery is expected to rank 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) [3] - The company's revenue for 2022, 2023, and 2024 is projected to be approximately CNY 92.62 billion, CNY 163.20 billion, and CNY 269.90 billion, respectively, with net profits of CNY 5.81 billion, CNY 10.44 billion, and CNY 14.33 billion [3]
奇瑞汽车将于9月25日上市 13家基石投资者认购近46亿港元