Group 1 - Chery Group has set a sales target of 3.2 million vehicles for 2026, representing a 14.03% increase compared to 2025 [1] - Chery Automobile Co., Ltd. aims to achieve a sales target of 3 million vehicles, with a year-on-year growth of 14.01% [1] Group 2 - In 2025, Chery brand's cumulative sales reached 1,700,940 vehicles, marking a 6% year-on-year increase [1] - The sales performance of other brands includes: - Exeed brand with 120,369 vehicles sold, a decrease of 15% year-on-year [1] - Jetour brand with 622,590 vehicles sold, an increase of 10% year-on-year [1] - iCAR brand with 96,989 vehicles sold, a significant increase of 47% year-on-year [1] - Zhijie brand with 90,493 vehicles sold, showing a growth of 56% year-on-year [1]

Core Insights - Chery Automobile reported a total sales volume of 232,308 units for December 2025, a decrease of approximately 16% compared to 275,052 units in the same month last year [3] - The overall cumulative sales for the year 2025 reached 2,631,381 units, reflecting an 8% increase from 2,444,640 units in 2024 [2][3] Brand Performance - Chery brand sold 157,871 units in December 2025, down 6% from 168,319 units in December 2024; cumulative sales for the year were 1,700,940 units, up 6% from 1,611,374 units [1] - Exeed brand's December sales were 10,903 units, a decline of 13% from 12,521 units year-on-year; total sales for the year were 120,369 units, down 15% from 140,959 units [2] - Jetour brand experienced a 26% drop in December sales to 48,851 units from 66,020 units last year; however, cumulative sales for the year increased by 10% to 622,590 units from 568,387 units [2] - iCAR brand's December sales fell by 37% to 6,538 units from 10,456 units; yet, the total sales for the year surged by 47% to 96,989 units from 65,964 units [2] - Zhiji brand saw a significant decline of 54% in December sales to 8,145 units from 17,736 units; however, cumulative sales for the year rose by 56% to 90,493 units from 57,956 units [2] Additional Insights - In December 2025, the sales of new energy vehicles reached 83,323 units, while export sales amounted to 140,496 units [3]

Core Viewpoint - Chery Automobile reported a total sales volume of 232,308 vehicles for December 2025, representing a year-on-year decrease of approximately 16% [1] Sales Performance - The sales breakdown for December 2025 shows that the Chery brand sold 157,871 vehicles, down 6% year-on-year; the Exeed brand sold 10,903 vehicles, down 13%; the Jetour brand sold 48,851 vehicles, down 26%; the iCAR brand sold 6,538 vehicles, down 37%; and the Zhiji brand sold 8,145 vehicles, down 54% [1] - Cumulatively, the total sales for the five brands reached 2,631,381 vehicles in 2025, marking an 8% increase year-on-year [1] Brand-Specific Cumulative Sales - Cumulative sales for the Chery brand reached 1,700,940 vehicles, up 6% year-on-year; Exeed brand sales totaled 120,369 vehicles, down 15%; Jetour brand sales were 622,590 vehicles, up 10%; iCAR brand sales reached 96,989 vehicles, up 47%; and Zhiji brand sales totaled 90,493 vehicles, up 56% [1]

Core Insights - Chery Automobile reported a total sales volume of 255,809 units in November, a slight decrease of approximately 2% compared to 260,309 units in the same month last year [3] - Cumulative sales for the year reached 2,399,073 units, reflecting an 11% increase from 2,169,588 units in the previous year [3] Brand Performance - **Chery Brand**: November sales were 165,511 units, a 1% increase from 164,225 units year-on-year. Cumulative sales for the year reached 1,543,069 units, up 7% from 1,443,055 units [1][2] - **Exeed Brand**: November sales dropped to 12,021 units, down 24% from 15,898 units year-on-year. Cumulative sales for the year were 109,466 units, a 15% decrease from 128,438 units [2] - **Jetour Brand**: November sales were 55,088 units, a 13% decline from 63,040 units year-on-year. However, cumulative sales for the year increased by 14% to 573,739 units from 502,367 units [2] - **iCAR Brand**: This brand showed significant growth, with November sales reaching 11,428 units, a 99% increase from 5,745 units year-on-year. Cumulative sales for the year were 90,451 units, up 63% from 55,508 units [2] - **Zhijie Brand**: November sales were 11,761 units, a 3% increase from 11,401 units year-on-year. Cumulative sales for the year reached 82,348 units, a substantial 105% increase from 40,220 units [2] Future Outlook - By November 2025, Chery's sales of new energy vehicles are projected to reach 110,017 units, significantly contributing to overall sales. Additionally, export sales are expected to be high at 131,851 units, indicating strong performance in overseas markets [2]

Core Insights - Chery Group reported strong sales performance for October and the first ten months of 2023, highlighting significant achievements in the fields of new energy and globalization, with multiple records being set [2] Sales Performance - In October, Chery Group sold 281,161 vehicles, a year-on-year increase of 3.3%. Among these, new energy vehicle sales reached 110,346 units, marking a substantial year-on-year growth of 54.7% and surpassing 110,000 units for the first time in a single month [2] - Cumulatively, from January to October, Chery Group sold 2,288,929 vehicles, reflecting a year-on-year growth of 13%, achieving the best performance for the same period in history [2] - The total number of global Chery automobile users has exceeded 18 million, with over 5.56 million users located overseas, indicating a successful globalization strategy [2] Brand Performance - Sales figures for major Chery brands in October and the first ten months are as follows: - Chery brand: 169,696 units in October, 1,377,558 units cumulatively - Exeed brand: 9,494 units in October, 97,445 units cumulatively - Jetour brand: 59,073 units in October, 518,651 units cumulatively, achieving a milestone of over 2 million cumulative sales in just 7 years - iCAR brand: 12,393 units in October, 79,023 units cumulatively - Zhijie brand: 12,810 units in October, 70,587 units cumulatively [3] New Energy Vehicle Growth - From January to October, Chery Group sold 697,891 new energy vehicles, representing a significant year-on-year increase of 73.1%, maintaining a top-five position in the industry [4] - Several new energy models have gained popularity, including the Fengyun A9L, which has sold over 10,000 units for three consecutive months, and the Zongheng G700, which achieved over 15,000 pre-orders within 24 hours of its launch [4] Export Performance - Chery Group's cumulative vehicle exports reached 1,060,000 units from January to October, a year-on-year increase of 12.9%, making it the fastest Chinese automotive group to achieve over one million exports in a year [4] - The company has accelerated its expansion into the European market, with sales in the EU and UK reaching 171,147 units, a year-on-year increase of 2.4 times [4]

Group 1 - Chery Automobile (9973.HK) has officially listed on the Hong Kong Stock Exchange, marking a significant step in its internationalization journey [1][5] - The company is headquartered in Wuhu, China, and offers a diverse range of passenger vehicles, including both fuel and new energy vehicles, to meet the evolving demands of domestic and international markets [6][8] - According to Frost & Sullivan, Chery is the second largest independent passenger vehicle brand in China and the eleventh largest globally based on projected sales in 2024 [6] Group 2 - Chery is the only company among the top twenty global passenger vehicle manufacturers to achieve over 25% growth in sales for both new energy and fuel vehicles, as well as in domestic and overseas markets compared to 2023 [8][27] - The company has exported vehicles to over 100 countries and regions, with cumulative global sales exceeding 13 million units [26] - In 2024, Chery's passenger vehicle sales in China are expected to grow by 56% compared to 2023, while new energy vehicle sales are projected to increase by 277.3% [27] Group 3 - Chery has maintained its position as the top exporter of passenger vehicles among Chinese independent brands for 22 consecutive years since 2003 [28] - The company has a diverse brand matrix, including Chery, Jetour, and iCAR, targeting various consumer segments from family users to tech-savvy younger generations [30][31] - Chery's competitive advantages include strong R&D capabilities, a global market presence, and a collaborative innovation ecosystem [33] Group 4 - Financial data indicates that Chery's revenue is projected to grow from RMB 92.618 billion in 2023 to RMB 163.205 billion in 2024 [37] - The gross profit is expected to increase from RMB 26.090 billion in 2023 to RMB 36.308 billion in 2024 [39]

一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 影石创新 据IPO早知道消息，奇瑞汽车股份有限公司（以下简称"奇瑞汽车"）于2025年2月28日正式向港交 所递交招股说明书，拟主板挂牌上市，中金、华泰和广发担任联席保荐人。 科创板｜获批复 据IPO早知道消息，中国证监会于2025年2月27日正式批准影石创新科技股份有限公司（以下简 称"影石创新"，Insta360）科创板IPO注册。 事实上，中国证监会《关于资本市场做好金融"五篇大文章"的实施意见》明确要求加强科技型企业 金融服务，支持优质科创企业上市。在此政策背景下，影石创新凭借核心技术与市场潜力或将成为首 批受益企业。 成立于2015年的影石创新以全景影像技术革新全球市场，连续六年市占率全球第一，达到67.2%， 企业营收规模连续两年倍增，2023年近40亿。其产品矩阵覆盖大众日常记录、户外运动、旅游出 行、影像创作、视频会议等多种影像场景，销售至200余个国家和地区。 值得注意的是，影石创新凭借自研技术的突破构建起竞争壁垒，2024年上半年营收超过欧美厂商 GoPro。 截至目前，影石创 ...