正式冲刺IPO！岚图递交港股上市申请，今年前7个月盈利4.34亿元

Core Viewpoint - Lantu Automobile, a high-end new energy brand under Dongfeng Group, has submitted its listing application to the Hong Kong Stock Exchange, marking a significant step towards its IPO after announcing the listing in August and completing a restructuring in September [1][2]. Financial Performance - Lantu has achieved a critical transition from scale expansion to profitability, with a compound annual growth rate (CAGR) of 78.9% in revenue from 2022 to 2024, and is expected to report its first quarterly profit in Q4 2024 [1][4]. - Revenue is projected to grow from approximately 60.5 billion yuan in 2022 to about 127.5 billion yuan in 2023 and 193.6 billion yuan in 2024, with a 90.2% year-on-year increase in the first seven months of 2025, reaching 157.8 billion yuan [4][5]. - Lantu's gross margin has improved from 8.3% in 2022 to 21.3% in the first seven months of 2025, ranking second in the industry [5][6]. Sales Growth - Lantu's sales volume increased from 19,000 units in 2022 to over 80,000 units in 2024, achieving a CAGR of 103.2%, placing it among the top three in growth among high-end new energy brands in China [4][5]. - In September 2023, Lantu delivered 15,224 vehicles, with a cumulative year-on-year growth of 85% for the first nine months [4]. Strategic Development - Lantu has completed its product lineup across three core segments: sedans, SUVs, and MPVs, with plans to expand its model range to 6-9 by the end of 2026 [6][7]. - The Lantu Dreamer MPV is projected to sell 47,000 units in 2024, ranking second in the new energy MPV market, with a quarterly CAGR of 21.3% from Q3 2024 to Q2 2025 [7]. Innovation and Patents - Lantu holds 1,519 granted patents and has 4,783 pending applications, making it the fastest-growing company in terms of patent acquisition in the new energy vehicle sector [8]. - The company plans to expand its retail network to 1,000 locations across over 200 cities by 2026 and has already entered 39 countries, with a 277.7% year-on-year increase in overseas sales from January to July 2025 [8]. Future Outlook - If the Hong Kong listing proceeds smoothly, Lantu aims to leverage international capital for smart technology development, channel expansion, and global market positioning, striving to become a leader in the high-end new energy vehicle market [8].