5月20日，香港交易所的电子钟指向9:30，大厅中央巨幅屏幕代码03750下方跳动的数字，瞬间吸引着全 球资本市场的目光。 宁德时代从启动到完成港股上市仅用时128天，是备案制以来最快完成境外发行备案的上市企业，实 现"A+H"上市，加速其全球化布局。 最终，港股挂牌的首日，截至发稿前宁德时代港股股价全天最高一度涨超18%，H股最新市值1.29万亿 港元。 从受理到完成仅历时25天；从2025年2月11日递交香港上市A1申请，仅用2个月即通过港交所聆讯，用 不到100天的时间便完成了上市。 顶格定价 据悉，此次宁德时代全球发售1.35亿股，发行价格为263.00港元/股，募资356.57亿港元，其中90%用于 匈牙利项目建设。 21世纪经济报道记者费心懿上海报道 Mirae未来资产集团，是韩国的一家具有全球影响力的金融投资公司。与十年前形成鲜明对比的是，彼 时韩国动力电池产业风光无限，曾经一度在全球市场上"呼风唤雨"，甚至占据了半壁江山。而十年后， 韩国财团"用脚投票"选择了宁德时代。 宁德时代是2023年迄今全球最大IPO、过去四年最大香港IPO，"闪电闯关"背后是中国新能源企业正改 写国际资本市场的投资风 ...

Core Viewpoint - CATL (Contemporary Amperex Technology Co., Limited) has successfully listed on the Hong Kong Stock Exchange, with a closing price of 306.20 HKD, reflecting a 16.43% increase from the opening price of 296.00 HKD [1] Group 1: Company Overview - CATL is a global leader in innovative energy technology, primarily engaged in the research, production, and sales of power batteries and energy storage batteries [1] - The company aims to promote the replacement of mobile and fixed fossil energy through electrification and intelligence [1] Group 2: IPO Details - The total number of shares issued by CATL is 135,578,600, with 10,168,400 shares allocated for public offering in Hong Kong and 125,410,200 shares for international offering [2] - The final offering price was set at 263.00 HKD, raising a total of 35,657.2 million HKD, with a net amount of 35,331.2 million HKD after deducting estimated listing expenses of 325.9 million HKD [2][3] - The net proceeds from the fundraising will be used for the construction of the first and second phases of the Hungary project, working capital, and other general corporate purposes [3] Group 3: Historical Fundraising - Over the past five years, CATL has raised a total of 64.7 billion RMB through two fundraising rounds [7]

Core Viewpoint - CATL has officially listed on the Hong Kong Stock Exchange, marking a significant milestone in its global expansion strategy and capital operations [1][4]. Group 1: IPO Details - CATL's H-shares surged by 16.43% to HKD 306.2 per share, with an initial offering price of HKD 263 per share, resulting in a total market capitalization of HKD 1.39 trillion [1]. - The IPO raised approximately HKD 356.57 billion, with net proceeds around HKD 353.31 billion, making it one of the largest IPOs in the Hong Kong market in recent years [4]. - The company aims to use about 90% of the net proceeds for the construction of its Hungarian project, with the remaining 10% allocated for working capital and general corporate purposes [5]. Group 2: Financial Performance - In 2024, CATL reported a revenue of CNY 362.01 billion and a net profit of CNY 50.75 billion, reflecting a year-on-year growth of 15.01% [6]. - The first quarter of 2025 saw revenues of CNY 84.70 billion and a net profit of CNY 13.96 billion, with a gross margin of 24.4% [6]. - Despite the growth in sales volume, the company experienced a revenue decline of 9.7% in 2024 compared to 2023, attributed to lower sales prices due to a decrease in raw material costs [6]. Group 3: Market Position - CATL maintained its position as the global leader in energy storage, with a shipment volume of 110 GWh in 2024, nearly three times that of its closest competitor [7]. - In April 2024, CATL's domestic market share for power batteries fell to 39.44%, a decrease of 2.94% from the previous month, while BYD's market share increased to 26.35% [11]. Group 4: Strategic Initiatives - CATL has achieved AS9100 certification, enabling it to enter the aerospace sector, which is crucial for its expansion into drone and eVTOL markets [12]. - The company is also focusing on the battery swapping market, with plans to establish a nationwide battery swap network by 2030 and aims for a 50% market penetration in heavy-duty electric vehicles within three years [13]. - CATL's commitment to zero-carbon technology includes plans for carbon neutrality across all battery factories by the end of the year and the development of solutions for renewable energy investments [13].

5月16日至17日，国轩高科举办2025全球科技大会。本次大会上，国轩高科集中发布了金石全固态电池、续航达1000公里的G垣准固态电池、可 连续使用12年的G行重卡标准箱等六款电池新品，展现了国轩高科在各个领域的深度布局。 ■ 全固态与准固态电池双突破，引领未来技术路线 2024年国轩高科首次发布金石全固态电池，2025年实现质的飞跃。据国轩高科全固态电池研发负责人潘瑞军介绍：相较2024年，金石电池单体容量提升 150%，预紧力下降90%，顺利通过针刺、热箱、外短、过充、挤压等安全测试，综合性能全方位提升。此外，国轩高科首条全固态实验线正式贯通，设计 产能达0.2GWh，实现100%核心设备国产化率，100%线体自主开发，良品率达90%，产品已开展装车测试。 除了金石全固态电池，国轩高科此次还首次发布了G垣准固态电池，以300Wh/kg的能量密度，将纯电轿车的续航里程推至1000公里。国轩高科首席科学 家朱星宝在发布仪式上透露，国轩高科已规划建设12GWh准固态电池产线，"搭载G垣准固态电池的'001'号样车总里程已经超过一万公里 "。 全固态电池和准固态电池的同台亮相，国轩高科在布局一盘怎样的棋局？朱星宝 ...

Group 1 - The core viewpoint of the articles highlights that the H-shares of companies like Ningde Times and BYD are trading at a premium compared to their A-shares, which is a rare occurrence in the current market environment where most A-shares are priced higher than H-shares [1][4] - Ningde Times' IPO in Hong Kong raised approximately HKD 35.3312 billion by offering around 135.6 million shares at an issue price of HKD 263 per share, with 90% of the funds allocated to projects in Hungary to enhance local supply capabilities [2][3] - The company reported a projected revenue of CNY 362.013 billion and a net profit of CNY 50.745 billion for the year 2024, reflecting a year-on-year growth of 15.01% [2] Group 2 - The Hong Kong Financial Secretary noted that Ningde Times' successful listing reflects confidence in the Hong Kong stock market and the acceleration of mainland enterprises' global strategies [3] - The H-share premium index indicates that A-shares are generally trading at a 33.31% premium over H-shares, with Ningde Times and BYD being exceptions to this trend [4] - Analysts suggest that the strong performance of Ningde Times in the Hong Kong market is due to its leadership position in the global battery manufacturing sector, attracting foreign investment [4][5]

Rime 创投日报 | 宁德时代登陆港股，或成年内最大港股 IPO 2025-05-20 Rime 创投日报 | 宁德时代登陆港股，或成年内最 大港股 IPO 原创 来觅研究院 RimeData 来觅数据 2025-05-20 导读：据来觅数据统计，05 月 19 日国内外创投市场合计披露 29 起投融资事件，其中 23 家国内企业， 6 家国外企业，融资总额约 14.73 亿元。揭秘投资数据，尽在 Rime PEVC。立即登录，掌握独家融资案 例、精选项目情报，以及前沿数据分析。洞察市场，领先一步！ 募资事件 拉萨市设立 15 亿元强市母基金 5 月 18 日，拉萨市旅行商大会暨文旅招商引资推介会在拉萨举行。会议表示，拉萨市设立了产业强市投 资母基金和文旅产业投资子基金，用于支持文旅项目的开发、建设和运营，助力企业做大做强。其中，拉 萨市产业强市母基金总规模达 15 亿元，由毅达资本负责管理。该基金是西藏自治区首支政府性产业基金， 也是拉萨市推动产业升级、引育新质生产力、促进区域协调发展的重要战略基金。 请务必阅读正文之后的免责声明 1 / 4 Rime 创投日报 | 宁德时代登陆港股，或成年内最大港股 I ...

来源：光明网 5月20日，宁德时代在香港联合交易所主板挂牌上市，成为国内首家同时在A股和H股上市的动力电池公 司，也成为近年来港股市场规模最大的IPO项目之一。 本次发行是首个以"仅设定价格上限"方式完成定价的"先A后H"上市项目，所设价格上限较定价当日A股 收盘价零折扣。 本次港股上市从启动到完成仅用时128天。投资者涵盖了来自15个国家和地区的主权基金、产业资本、 长线机构、保险资金及多策略基金等。港股上市开盘即高开，开盘价296.00港元/股，较发行价上涨 12.55%。 在构建零碳电力体系方面，宁德时代正全力以赴研究零碳电网技术，包括电力电子、柔性调控、虚拟电 厂等技术，打造新型零碳电力系统，让零碳科技惠及千家万户。 "今年，我们所有电池工厂将实现碳中和。"曾毓群表示，宁德时代正在探索一体化零碳解决方案，与多 方合作打造零碳岛，共建零碳产业园，打造全域零碳示范城市。 当前，宁德时代已在全球设立了六大研发中心，全球研发人员超过2万名。今年2月，宁德时代香港研究 院正式启动运营。曾毓群表示，过去十年，宁德时代投入了超过700亿元研发经费，拥有专利及在申请 专利超43000项，连续五年新增专利数行业第一。 ...

Core Viewpoint - Ningde Times officially listed on the Hong Kong Stock Exchange, becoming the first domestic power battery company to be listed on both A-shares and H-shares, marking a significant milestone in its global capital market integration [1][3]. Group 1: Listing Details - The company submitted its prospectus in February and received approval from the Hong Kong Stock Exchange in April, completing the listing process in just over three months [3]. - A total of 135 million shares were issued at a price of 263 HKD per share, representing approximately 3% of the total share capital as of the end of Q1 [3]. - The net fundraising amount is approximately 35.3 billion HKD (about 32.5 billion RMB), making it the largest fundraising globally this year and the highest in over four years for the Hong Kong market [3]. Group 2: Market Performance - As of May 20, the stock price in Hong Kong reached 296.6 HKD, an increase of 12.89%, while the A-share price was 257.31 RMB, showing a decrease of 1.03% [3]. Group 3: Investor Participation - 23 institutional investors, including Sinopec, Kuwait Investment Authority, and Hillhouse Capital, subscribed to 57.1% of the issued shares, with Sinopec and Kuwait Investment Authority contributing the highest amounts of 3.87 billion HKD each [3]. Group 4: Strategic Focus - The chairman stated that the Hong Kong listing allows the company to integrate more broadly into the global capital market and is a new starting point for promoting a global zero-carbon economy [3]. - Ningde Times is recognized as a leader in power and energy storage batteries, holding the top position in power battery installation for eight consecutive years and leading the energy storage battery market for four years [3]. Group 5: Fund Utilization - 90% of the raised funds will be allocated to the construction of the first and second phases of the Hungary project, with the remaining funds used for working capital [4]. - The Hungary project has a planned capacity of 72 GWh and a total investment of approximately 4.9 billion euros [4]. - The company’s first overseas production base was established in Germany, which helps mitigate trade risks and expand into the European and American markets [4].

其中，蜜雪冰城于3月3日在香港交易所上市，证券简称"蜜雪集团"（02097.HK），每股发行价为202.50 港元，募资净额为32.91亿港元。 5月20日，备受瞩目的全球动力电池龙头——宁德时代（03750.HK）正式登陆港交所。上市首日高开 12.55%，报296港元。最新总市值超1.3万亿港元，成为近年来港股规模最大的IPO之一，也缔造了今年 全球最大的IPO。 据了解，宁德时代此次港股上市的募集资金净额约353亿港元，为今年全球最大的新股募资活动，这也 助推香港今年的新股募资额重回全球第一。此前，香港特区政府财政司司长陈茂波透露，宁德时代的上 市，令香港今年的新股集资额超过600亿港元，较上年同期多逾6倍。 宁德时代董事长、CEO曾毓群在公司港股上市仪式上表示，港股上市意味着公司将更广泛地融入全球资 本市场。这或许也是很多其他赴港上市明星企业的共同诉求。 今年以来，除了宁德时代之外，以蜜雪冰城、古茗、沪上阿姨等为代表的消费领域企业也纷纷选择登陆 港股市场，为港股市场的繁荣贡献力量。 知名经济学者、工信部信息通信经济专家委员会委员盘和林向观察者网表示，这些不同行业领军企业选 择港股上市，不仅仅是为了融入 ...

【导读】A股消费板块集体走强，港股宁德时代盘中涨超18% 中国基金报记者 晨曦 5月20日上午，A股市场窄幅震荡，午前发力拉升。截至午间收盘，A股主要指数全线飘红，上证指数涨0.38%，深证成指涨0.79%，创业板指涨1.04%。全 市场半日成交额为7522亿元，超3600只个股上涨。 | 序号 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 7 | 000001 上证指数 | 3380.45 | 12.87 | 0.38% | | 2 | 399001 深证成指 | 10251.90 | 80.81 | 0.79% | | 3 | 899050 北证50 | 1476.15 | 19.97 | 1.37% | | 4 | 881001 万得全A | 5151.46 | 34.94 | 0.68% | | ട | 000688 转到20 | 1000.37 | 5.11 | 0.51% | | 6 | 399006 创业板指 | 2053.99 | 21.24 | 1.04% | | 7 | 000300 沪深300 | 3901.01 ...