Group 1 - CATL, a leading global power battery and energy storage battery company, officially listed on the Hong Kong Stock Exchange on May 20, with an IPO price of HKD 263.00 per share, issuing 135.6 million shares [1] - As of the report, CATL's stock price increased by 14.60%, reaching HKD 301.60 per share [1] - The largest cornerstone investor for CATL's Hong Kong listing is Sinopec, indicating strong support for CATL's global strategy and a commitment to deepen industrial capital cooperation [5] Group 2 - CEO Zeng Yuqun highlighted the emergence of a trillion-yuan market for global zero-carbon transportation, emphasizing the restructuring of the global transportation system and the explosive growth of new energy vehicles and battery swapping ecosystems [5] - Zeng also pointed out the unprecedented opportunities and significant challenges facing the zero-carbon power system, referencing the recent power outage in Spain that exposed weaknesses in grid flexibility and energy storage [5] - CATL aims to achieve carbon neutrality across all its battery factories this year and is actively providing technology and solutions to promote the new energy transformation of traditional industries such as steel, cement, and chemicals [5]

Core Points - Ningde Times has obtained the overseas issuance and listing filing notice from the China Securities Regulatory Commission, marking a significant step in its Hong Kong listing process, which took only 25 days, one of the fastest records in recent years [1] - The company aims to become one of the largest IPOs in Hong Kong in recent years, reflecting strong investor interest and recognition of its fundamentals, market position, and technological advantages [1] Group 1 - In 2024, Ningde Times achieved operating revenue of 362 billion yuan and a net profit attributable to shareholders of 50.7 billion yuan, representing a year-on-year growth of 15.01% [2] - The company has maintained its position as the global leader in both power batteries and energy storage batteries, ranking first in power battery usage for eight consecutive years from 2017 to 2024, with a global market share of 37.9% in 2024 [2] - Ningde Times has continuously innovated, launching several new products in 2024, including the Shenxing Plus battery and the new generation Kirin high-power battery, covering various sectors such as passenger vehicles, commercial vehicles, and energy storage [2] Group 2 - The company plans to distribute 50% of its net profit attributable to shareholders, amounting to 25.4 billion yuan, as annual cash dividends and special cash dividends, demonstrating a strong commitment to long-term value [2] - The Hong Kong listing process is expected to further broaden the company's financing channels and accelerate its global strategic layout, injecting new momentum into its future innovation and development [2]