Group 1 - Chery Automobile successfully listed on the Hong Kong Stock Exchange, raising HKD 9.14 billion, with funds allocated for R&D, next-generation technology, global market expansion, production facility upgrades, and working capital [1] - The company aims to strengthen its domestic market position and leverage international capital to enhance its overseas channels and diversify revenue through global expansion [1] - Projected total revenue for 2022-2024 is CNY 926 billion, CNY 1,632 billion, and CNY 2,698 billion, with a 65.4% year-on-year growth in 2024 and a net profit of CNY 14.33 billion, reflecting a 37.2% increase [1] Group 2 - Chery covers various market segments through five brands (Chery, Jetour, Exeed, iCAR, and Zhijie), addressing diverse consumer needs in performance, intelligence, and cost-effectiveness [2] - The company has a comprehensive technology stack, including powertrain systems, automotive development platforms, intelligent cockpit systems, and advanced driver assistance systems, supporting its electric and intelligent vehicle initiatives [2] - The listing of Chery and other companies like Seres indicates a shift in the Chinese automotive industry from local competition to global competition, potentially improving the overall profitability of domestic brands [2]
华鑫证券-汽车行业动态研究报告：奇瑞成功登录港交所主板，全球布局加速-250930
Xin Lang Cai Jing·2025-09-30 10:21