DONGFENG GROUP(HK:00489) Chang Jiang Shang Bao·2025-10-08 23:33Core Viewpoint - Lantu Automotive has officially submitted its listing application to the Hong Kong Stock Exchange, marking a significant step towards its IPO and showcasing the company's rapid development efficiency [1][2]. Group 1: Company Overview - Lantu Automotive, established in April 2019, is a high-end electric vehicle brand under Dongfeng Group, covering sedan, SUV, and MPV segments [2]. - The company aims to replace Dongfeng Group as the H-share listing platform following its introduction listing [3]. Group 2: Financial Performance - For the period from January to July 2025, Lantu Automotive achieved revenue of 15.782 billion yuan, a year-on-year increase of 90.2%, and a net profit of 434 million yuan, marking a turnaround from losses [1][5]. - The gross profit margin improved to 21.3%, indicating strong operational resilience and growth potential [5]. Group 3: Market Position and Growth - Lantu Automotive's vehicle deliveries increased by 85% year-on-year in the first nine months of 2025, with a total of 96,992 vehicles delivered [5][6]. - The company plans to launch 1-3 new models annually, aiming to have 6-9 models by the end of 2026, expanding its retail network to 1,000 points across over 200 cities in China [6].