09973 奇瑞汽車
CHERY AUTO
CHERY AUTO
| Listing Date | 2025/09/25 Listing in 2 Days |
| Listing Price | -- |
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IPO Detail
COMPANY PROFILE
Chery Automobile Co., Ltd. is a passenger vehicle company headquartered in Wuhu, China. The Group designs, develops, manufactures and sells a diverse and expanding portfolio of passenger vehicles, including internal combustion engine (ICE) vehicles and new energy vehicles (NEVs), to cater to the distinct and evolving needs and preferences of customers in both the domestic and overseas markets.
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The Group is the second largest Chinese domestic brand passenger vehicle company, and the 11th largest passenger vehicle company globally, in terms of global sales volume of passenger vehicles in 2024, according to the report. The Group sold over 13 million passenger vehicles globally to more than 100 countries and regions as of September 10, 2025.
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The Group have five major brands, CHERY, JETOUR, EXEED, iCAR and LUXEED, and CHERY was the first Chinese domestic passenger vehicle brand to achieve an accumulated sales of one million units. The Group generated a majority of revenue from the sales of passenger vehicles and automotive parts and components.
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As of July 31, 2025, the Group’s dealership network encompassed 3,639 dealership outlets in China and 3,169 overseas dealership outlets. The Group sold its passenger vehicles primarily through dealers in domestic and overseas markets. In addition, the Group also sold to overseas OEMs, overseas joint ventures and trading companies during the same periods.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 297.40M H shares |
| No. of International Offer Shares | 267.66M H shares |
| No. of HK Offer Shares | 29.74M H shares |
| Offer Price | $27.75 - $30.75 |
| Stock Code | 9973 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, GF Capital (Hong Kong) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, GF Securities (Hong Kong) Brokerage Limited, CLSA Limited, BOCI Asia Limited, CMB International Capital Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited |
TIME TABLE
| Application Period | Sep 17 (Wed) - noon, Sep 22 (Mon) |
| Price Determination Date | Sep 23 (Tue) |
| Result Announcement Date | On or before Sep 24 (Wed) |
| Result Announcement Date | On or before Sep 24 (Wed) |
| Result Announcement Date | On or before Sep 25 (Thu) |
| Dealings in Shares commence on | Sep 25, 2025. (Thu) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $27.75 - $30.75 |
| Capitalization (H Shares) | 64.20B - 71.14B |
| NAV / share ($) | $5.99 - $6.15 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 29.25, the net proceeds raised would be HKD 8.44B, of which |
| 35% : Used for the R&D of passenger vehicles of different models to further expand product portfolio |
| 25% : Used for the R&D in the next-generation vehicle and advanced technologies |
| 20% : Expand overseas markets and execute globalization strategy |
| 10% : Upgrade production facilities in Wuhu, Anhui province |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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Listing --Offer Price︰--
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).