岚图汽车拟赴港上市 2024年毛利率21% 跻身行业前列
Zhong Guo Zheng Quan Bao·2025-10-04 00:34

Core Viewpoint - Lantu Automotive has submitted a listing application to the Hong Kong Stock Exchange, aiming for a direct listing without issuing new shares, which is part of Dongfeng Group's overall restructuring strategy [1][2]. Financial Performance - From 2022 to 2024, Lantu's annual revenue is projected to grow from 6.05 billion to 19.36 billion yuan, with a compound annual growth rate (CAGR) of 78.9% [1]. - The company's gross margin is expected to increase from 8.3% in 2022 to 21.0% in 2024, ranking second in the new energy vehicle industry [1]. Sales and Market Position - Lantu's sales volume is anticipated to have a CAGR of 103.2% from 2022 to 2024, ranking among the top three in sales growth among high-end new energy vehicle brands in China [1]. - The Lantu Dreamer model is expected to achieve a sales growth rate of 21.3% from Q3 2024 to Q2 2025, leading the market [1]. Product Strategy - Lantu plans to launch 1-3 new models annually, aiming to have 6-9 models by the end of 2026, covering mainstream market segments [2]. - The company has introduced several models, including Lantu FREE, Lantu Dreamer, Lantu Zhaiguang, and Lantu Zhiyin, completing its layout in high-end SUV, MPV, and sedan categories [2]. Technological Advancements - Lantu has released the Lanhai Smart Hybrid technology, enhancing product competitiveness with innovations like an 800V system and 5C ultra-fast charging [2]. Expansion Plans - By the end of 2026, Lantu aims to expand its domestic retail network to 1,000 locations across over 200 cities [2]. - The company plans to continue its international expansion into Europe, the Middle East, and Central Asia, with a long-term goal of entering 60 countries and establishing 500 sales service outlets by 2030 [2]. Research and Development - As the listing process advances, Lantu is expected to leverage capital market resources to increase R&D investment in core technologies such as intelligent driving and battery technology, further enhancing product competitiveness [3].