递表港交所！岚图汽车，出新牌

Core Viewpoint - Lantu Automotive has officially submitted its application to the Hong Kong Stock Exchange for a direct listing, marking a significant innovation and exploration in the transformation of state-owned enterprises into the new energy sector [2] Group 1: Financial Performance - Lantu Automotive achieved its first quarterly profit in Q4 2024, becoming the fastest new energy vehicle company to reach this milestone [4] - The company reported a net profit of 479 million RMB for the first seven months of 2025, making it the fifth new energy vehicle company to achieve semi-annual profitability [4][7] - Revenue for Lantu Automotive has shown rapid growth, with figures of 60.52 billion RMB in 2022, 127.50 billion RMB in 2023, and 193.61 billion RMB in 2024, reflecting a compound annual growth rate of 78.90% from 2022 to 2024 [11][13] Group 2: Sales and Market Position - Lantu Automotive ranks third in sales growth among high-end new energy vehicle brands in China, with a compound annual growth rate of 103.2% from 2022 to 2024 [14] - The company sold 19,360 units in 2024 and 15,781 units in the first seven months of 2025, indicating strong sales momentum [13][14] - In August and September 2025, Lantu delivered 13,500 and 15,200 vehicles respectively, achieving year-on-year growth of 119% and 52.22% [14] Group 3: Product Strategy and Innovation - Lantu Automotive has diversified its product lineup to include SUVs, MPVs, and sedans, with the 2026 Lantu Dreamer priced between 329,900 and 439,900 RMB [9] - The company emphasizes a sustainable development model through reasonable pricing and profit margins, aiming to enhance user experience in the new energy vehicle sector [9][10] - Lantu's technological capabilities are highlighted by its proprietary ESSA architecture, which supports multiple power modes and significantly shortens vehicle development cycles [26] Group 4: Strategic Partnerships - Lantu Automotive has established a partnership with Huawei, integrating advanced technology into its vehicles, such as the L3-level intelligent driving capabilities in the Lantu Taishan model [22][24] - The collaboration with Huawei is seen as a synergistic relationship, enhancing Lantu's technological and manufacturing capabilities [24][26]