CATL(SZ:300750) 起点锂电·2025-05-12 09:53Group 1 - The core viewpoint of the article highlights that CATL's IPO in Hong Kong is set to be one of the largest in recent years, with a planned issuance of 118 million shares at a maximum price of 263 HKD per share, potentially raising between 4 to 5 billion USD [1][2] - The IPO has attracted significant cornerstone investors, including major energy companies and sovereign wealth funds, with total investments exceeding 2.6 billion USD [1][2] - CATL's market leadership and its role in empowering the global renewable energy industry are recognized as key factors for its record-setting IPO [2] Group 2 - CATL plans to use 90% of the funds raised from the IPO to support the construction of its factories in Hungary, which will enhance its local production capacity in Europe [2] - The Hungarian project, with a total investment of up to 7.34 billion EUR, aims to establish a 100 GWh battery production line, with phases one and two expected to have capacities of 34 GWh and 38 GWh respectively [2] - The company's overseas revenue is projected to increase significantly as it expands its international operations, which are seen as a major growth driver [2] Group 3 - In 2024, CATL is expected to achieve a revenue of 362.01 billion RMB and a net profit of 50.75 billion RMB, marking a year-on-year growth of 15.01% [3] - The company's overseas revenue accounted for 30.48% of total revenue, with a gross margin of 29.45%, reflecting a year-on-year increase of 9.88% [3] - In Q1 2025, CATL reported a revenue of 84.71 billion RMB and a net profit of 13.96 billion RMB, showing a year-on-year growth of 32.85% [3]