从“小草房”到港交所，奇瑞终圆上市梦

Core Viewpoint - Chery Automobile Co., Ltd. successfully listed on the Hong Kong Stock Exchange on September 25, 2023, marking a significant milestone in its 21-year journey since its first IPO attempt in 2004, and becoming the largest IPO of a car company in Hong Kong in 2025 [1] Group 1: Listing Details - Chery's stock was issued at HKD 30.75 per share, raising approximately HKD 9.145 billion [1] - The stock opened at HKD 34.2 per share, an increase of 11.22% from the issue price, and closed at HKD 31.92, up 3.8%, with a market capitalization reaching HKD 184.1 billion [1] Group 2: Sales Performance - In 2024, Chery's passenger vehicle sales are projected to grow by 49.4%, leading among the top twenty global passenger vehicle companies [2] - Chery is the only company among the top twenty to achieve over 25% growth in sales across all categories: new energy vehicles, fuel vehicles, domestic, and overseas markets [2] - The company has maintained its position as the top exporter of passenger vehicles among Chinese brands for 22 consecutive years [2] Group 3: Financial Growth - Chery's revenue increased from CNY 92.618 billion in 2022 to CNY 269.897 billion in 2024, while net profit rose from CNY 5.806 billion to CNY 14.334 billion during the same period [2] - In Q1 2025, Chery reported revenue of CNY 68.223 billion and a net profit of CNY 4.726 billion, reflecting a year-on-year growth of 90.9% [2] Group 4: Future Strategy - The listing is seen as a new starting point for Chery to enhance its global competitive advantage, with plans to leverage capital for technological innovation and global expansion [3] - The fundraising plan allocates 35% for developing various passenger vehicle models, 25% for next-generation vehicles and advanced technologies, 20% for expanding overseas markets, and 10% for enhancing production facilities and working capital [3] Group 5: Industry Impact - Chery's successful listing symbolizes the rise of the Anhui automotive industry, which produced 1.4995 million vehicles in the first half of the year, including 730,900 new energy vehicles, leading the nation [4] - The listing is expected to strengthen the global competitiveness of the Anhui automotive sector [5]