Core Viewpoint - Chery Automobile successfully listed on the Hong Kong Stock Exchange, marking a significant milestone for the company and the largest H-share IPO in 2023, with a total issuance scale of approximately $1.174 billion [1][2] Group 1: IPO Details - The shares were priced at HKD 30.75 each, with the international placement receiving a subscription rate of 11.61 times and the Hong Kong public offering receiving a subscription rate of 308.18 times [1] - The offering includes a 15% over-allotment option, making it the largest IPO for a complete vehicle company in Hong Kong for 2025 [1] Group 2: Company Performance - Chery Automobile is projected to achieve a revenue of CNY 269.897 billion in 2024, representing a year-on-year growth of 65.4%, and a net profit of CNY 14.334 billion, reflecting a year-on-year increase of 37.2% [1] - The company ranks as the second-largest independent passenger car brand in China and the eleventh-largest globally [1] Group 3: Strategic Goals - The listing is a crucial step for Chery Automobile to integrate into the international capital market, enhancing its global brand image and accelerating its international strategy [2] - The company aims to become an innovative, trusted leader in the smart mobility ecosystem [2]
华泰保荐奇瑞汽车登陆港股，助力中国智能出行引领全球市场