Core Viewpoint - Chery Automobile's IPO on September 25, 2023, in Hong Kong was highly anticipated, reflecting strong market interest and confidence in the company's future growth potential [1][3]. Group 1: IPO Performance - Chery's stock opened at HKD 34.2 per share, an increase of 11.22% from the issue price, with an intraday high exceeding 13% [1]. - The closing price was HKD 31.92, representing a 3.8% increase from the issue price, and the market capitalization briefly surpassed HKD 200 billion [1][3]. Group 2: Investor Interest - The IPO saw significant investor demand, with the Hong Kong public offering being oversubscribed by 308.18 times, indicating strong confidence in the company's prospects [3]. - Notable cornerstone investors included Hillhouse HHLR, Shanghai Jinglin, Huangshan State-owned Assets Supervision and Administration Commission, and Horizon Robotics, collectively subscribing to a substantial portion of the offering [3]. Group 3: Financial Performance and Future Plans - Chery's revenue is projected to grow from CNY 92.618 billion in 2022 to CNY 269.897 billion in 2024, with net profit expected to rise from CNY 5.806 billion to CNY 14.334 billion, showcasing robust profitability [3]. - The funds raised from the IPO will primarily be allocated to the development of new energy vehicles, advanced technologies such as intelligent driving, and further expansion into overseas markets [3]. - Chery has maintained its position as the top exporter of Chinese self-owned brand passenger vehicles for 22 consecutive years, with 546,000 units exported in the first half of 2025, highlighting its strong international presence [3].
市值一度超两千亿港元！奇瑞上市，成今年港股最大车企IPO