Overview

• Shares were priced at HK$30.75, the top of the range, raising about HK$9.14 billion (roughly RMB 8.38 billion).
• The stock trades in Hong Kong under code 9973 as the largest carmaker IPO on the city’s market this year.
• Chery’s prospectus shows revenue rising from RMB 92.62 billion in 2022 to RMB 269.90 billion in 2024, with net profit up from RMB 5.81 billion to RMB 14.33 billion and RMB 4.73 billion in Q1 2025.
• Chairman Yin Tongyue had set completing a high‑quality listing as the company’s top task for 2025 at a February meeting.
• The automaker, a major Chinese vehicle exporter and core asset of Chery Holding, reaches public markets after multiple unsuccessful listing attempts dating back to 2004.