禾赛科技启动全球发行

Core Viewpoint - The company is launching a global offering of B-class ordinary shares, with a dual primary listing on the Hong Kong Stock Exchange and continued trading of American Depositary Shares (ADS) on NASDAQ, aiming to raise funds for R&D, business development, and working capital [2][4]. Group 1: Global Offering Details - The global offering consists of two parts: a Hong Kong public offering of 1.7 million B-class ordinary shares starting on September 8, and an international offering of 15.3 million B-class ordinary shares [2]. - The maximum offering price for the Hong Kong shares is set at HKD 228.00 or USD 29.04 per share [3]. Group 2: Company Background and Market Position - The company, established in 2014, focuses on the research and manufacturing of LiDAR technology, with a strong global patent portfolio [4]. - As the penetration of electric vehicles increases, LiDAR technology is becoming a standard safety feature in smart vehicles, with a projected installation of over 1.5 million units in China by 2024, marking a year-on-year increase of 179.7% [4]. Group 3: Financial Performance and Partnerships - The company has secured partnerships with major automotive manufacturers, including BYD, Chery, and Great Wall, and plans to start mass production in Q1 2025 [5]. - In Q2 2023, the company reported revenue of CNY 706 million, a year-on-year increase of 53.9%, and a net profit of CNY 44.1 million, marking a turnaround from previous losses [5].