Core Viewpoint - Chery Automobile officially listed on the Hong Kong Stock Exchange, opening with an increase of 11.22% at HKD 34.2, marking a significant step in its internationalization journey [1] Group 1: Company Overview - Chery Automobile designs, develops, manufactures, and sells a diverse and expanding range of passenger vehicles, including both fuel and new energy vehicles, under five brands: Chery, Jetour, Exeed, iCAR, and Zhijie [1] - According to Frost & Sullivan, Chery is the second-largest independent passenger car brand in China and the 11th largest globally, with a projected annual growth rate of 49.4% in passenger car sales for 2024, the highest among the top 20 global passenger car companies [1] Group 2: Market Position and Achievements - In 2023, Chery achieved four significant milestones: leading in Chinese automobile exports, holding the highest market share in SUVs, ranking first in global growth among Fortune Global 500 companies, and being recognized for quality among independent brands [1] - Since 2003, Chery has maintained its position as the top exporter of independent passenger car brands in China for 22 consecutive years, highlighting its ongoing global expansion advantages [1] Group 3: IPO Details - The IPO attracted 13 cornerstone investors, including well-known institutions, upstream and downstream enterprises, and local governments, with total subscriptions amounting to USD 587 million (approximately HKD 45.73 billion) [2] - Notable subscriptions include JSC's investment of HKD 1.48 billion, Hillhouse Capital's USD 60 million, and Shanghai Jinglin's USD 55 million, among others [2] Group 4: Stock Performance - On its first trading day, Chery's stock reached a high of HKD 34.2, with a trading volume of 20.41 million shares and a total transaction value of HKD 678 million [3] - The company's market capitalization stood at HKD 197.24 billion, with a price-to-earnings ratio of 12.80 and a price-to-book ratio of 6.804 [3]
奇瑞汽车(9973.HK)首日上市高开11.22% 连续22年稳坐中国乘用车出口龙头宝座