暗盘涨超8%！这家汽车巨头，赴港上市

Core Viewpoint - Chery Automobile has successfully completed its IPO in Hong Kong, entering the dark market phase with a market value approaching HKD 200 billion, reflecting a rise of over 8% in its stock price [1][2]. Company Performance - Chery is the second largest independent passenger car brand in China and the eleventh largest globally based on projected global passenger car sales for 2024 [2]. - The company has achieved significant growth in sales, with a projected increase of 49.4% in passenger car sales for 2024 compared to 2023, leading among the top twenty global passenger car companies [4]. - In the domestic market, Chery's passenger car sales are expected to grow by 56.0% in 2024, while its new energy vehicle (NEV) sales are projected to increase by 277.3% [5]. Financial Performance - Chery's revenue has shown substantial growth, reaching RMB 926.18 billion in 2022, RMB 1,632.05 billion in 2023, and projected to reach RMB 2,698.97 billion in 2024 [5]. - The company reported profits of RMB 58.06 billion, RMB 104.44 billion, and RMB 143.34 billion for the years 2022, 2023, and 2024 respectively, with net profit margins of 6.3%, 6.4%, and 5.3% [6][7]. Market Position - Chery has maintained its position as the top exporter of passenger cars among Chinese independent brands for 22 consecutive years, with cumulative global sales exceeding 13 million vehicles [5]. - The company ranks first among Chinese independent brands in sales in Europe, South America, and the Middle East and North Africa, and second in North America and Asia (excluding China) [5]. Research and Development - Chery's R&D expenditure has increased, with projected spending of RMB 9.24 billion in 2024, reflecting the company's commitment to innovation [7]. Shareholder Structure - The largest shareholder of Chery is Wuhu Investment Holding, which holds approximately 21.17% of the issued share capital, while Luxshare Precision holds 16.83% [12][15]. Strategic Partnerships - Chery has strengthened its collaboration with Luxshare Precision, with transaction amounts increasing significantly over the years, indicating a robust partnership in automotive components [15].