Core Insights - Chery Automobile Co., Ltd. officially listed on the Hong Kong Stock Exchange on September 25, marking a significant step into the international capital market [1] - The IPO was priced at HKD 30.75 per share, raising a total of HKD 91.4 billion, making it the largest IPO for an automotive company in the Hong Kong market this year [2] - On its first trading day, Chery's stock opened high, peaking with a gain of over 13%, and closed at HKD 31.92 per share, reflecting a 3.8% increase [3] Financial Performance - Chery's revenue is projected to grow from CNY 92.618 billion in 2022 to CNY 269.897 billion by 2024, while net profit is expected to rise from CNY 5.806 billion to CNY 14.334 billion during the same period [6] - In Q1 2025, Chery reported revenue of CNY 68.223 billion and a net profit of CNY 4.726 billion, marking a substantial year-on-year increase of 90.9% [6] Use of Proceeds - The funds raised from the IPO will be allocated as follows: 35% for R&D of various passenger car models, 25% for next-generation vehicles and advanced technology, 20% for expanding overseas markets, 10% for enhancing production facilities in Wuhu, Anhui, and 10% for working capital and general corporate purposes [7] - This allocation reflects Chery's strategic focus on increasing R&D investment, particularly in new energy and intelligent technology, while also accelerating its global expansion to solidify its position as a leading Chinese export brand [7] Investor Confidence - The IPO attracted 13 cornerstone investors, including notable institutions such as Hillhouse Capital and IDG Capital, indicating strong confidence in Chery's future growth [6] - IDG Capital has made multiple investments in Chery, supporting its rapid development and international market expansion [6]
报31.92港元/股 奇瑞上市首日收盘涨幅3.8%
Mei Ri Jing Ji Xin Wen·2025-09-25 08:59