走向全球的重要跳板，阿维塔正式向港交所递交上市申请

Core Viewpoint - Avita Technology has officially submitted its IPO application to the Hong Kong Stock Exchange, marking a significant step in its long-anticipated public offering process [1]. Financial Performance - Avita's projected revenue for 2023 and 2024 is expected to be 5.645 billion yuan and 15.195 billion yuan, respectively, representing a year-on-year growth of 169.16% [1]. - In the first half of 2025, the company anticipates revenue of 12.208 billion yuan, a 98.52% increase compared to the same period in 2024 [1]. - Vehicle sales revenue is projected to be 11.49 billion yuan, with additional revenue from other business segments amounting to 718 million yuan [1]. Sales and Market Position - Avita has launched four vehicle models since its first product release in August 2022, with annual sales figures of 114 units, 20,021 units, and 61,588 units over the past three years [8]. - In the first half of this year, Avita's vehicle sales reached 56,729 units, reflecting a year-on-year growth of 151.11% [8]. - As of October this year, cumulative vehicle sales have reached 101,890 units [8]. Shareholding Structure - The largest shareholders of Avita are Changan Automobile and CATL, holding 40.99% and 9.17% of shares, respectively [5]. - Although Huawei is not a shareholder, Avita has completed a strategic investment from another entity [5]. IPO Utilization - Funds raised from the IPO will primarily be allocated to product development, platform and technology development, brand building, sales service network expansion, and operational capital supplementation [5]. Strategic Goals - The new chairman announced a strategic goal to achieve global sales of 400,000 vehicles and annual revenue of 100 billion yuan by 2027, with further targets set for 2030 and 2035 [9]. - Avita plans to launch 17 models in collaboration with Huawei by 2030, including four new products in 2026 [10]. Industry Context - Avita aims to become the first central enterprise in the new energy vehicle sector to go public, which is crucial for its development, industry chain collaboration, and alignment with national strategies [14]. - The IPO is expected to broaden financing channels and alleviate financial pressures, as the new energy vehicle industry requires substantial ongoing investment [14]. - Avita is pursuing a global strategy, planning to enter over 50 countries by 2025 and over 80 by 2030, leveraging the international influence of the Hong Kong stock market to facilitate global capital access [14]. Brand Positioning - Avita, while not the highest in sales among new energy vehicle brands, is recognized for its commitment to quality and original design, distinguishing itself in the luxury segment [16]. - The company emphasizes deep collaboration with partners like Huawei and CATL, aiming to provide a unique value proposition in the luxury new energy market [16].