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Views 34k2025.07.16

Hong Kong IPO | Ningde Times Hong Kong Listed at HK263 (Limited Time 0 Interest 0 Subscription Fee)

$CATL(03750.HK)$ Announcement issued from 12 May to 15 May 2025IPOs, has raised nearly $31 billion and will go on sale on May 19. 100 participants per share, IPO price HK$263 and entry fee HK$26,565.24 per share.

NINGDE TIMES NEW ENERGY TECHNOLOGY CO., LTD. (300750.SZ), AN ELECTRIC VEHICLE BATTERY FAUCET MANUFACTURER, WAS LISTED ON THE START-UP BOARD OF THE SHENZHEN STOCK EXCHANGE IN 2018 AND FORMALLY SUBMITTED AN APPLICATION TO THE HONG KONG STOCK EXCHANGE ON FEBRUARY 11, 2025 FOR A SECONDARY LISTING. In December 2024, the company released the world's first ultra-safe rock chassis that passes the “Highest Speed and Strongest Impact” dual limit safety test, using battery-to-chassis integration technology that integrates the battery directly into the chassis, enhancing structural commonality and safety.

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Ning De Era IPO Company Profile

In January, Contemporary Amperex Technology published its 2024 earnings forecast for 2024 of $356 billion to $-366 billion, compared to $400.9 billion in 2023, a decrease of 8.7% to 11.2% Net income attributable to shareholders of listed companies of $49 billion to $-53 billion compared to 2020 An increase of 11%-20% over 23 years of $44.1 billion. Since the listing, other share prices are subject to market attention. At the beginning of 2020, other shares were around RMB100 to the right, following the rapid development of the New energy Fund Industry, the price continued to climb. In 2021, Contemporary Amperex Technology Market Cap reached RMB1.6 trillion to RMB1.6 trillion, becoming the first GEM company with a global market capitalization of RMB1.6 trillion. In December 2024, Contemporary Amperex Technology announced a cash dividend of 12.3 per 10 shareholders (including special dividends, totalling $5.397 billion). On January 1, 2020, Contemporary Amperex Technology's share price was RMB51.46, down from RMB261.39 on February 13, 2025, and the share price of Contemporary Amperex Technology is expected to increase by about 407.9% in 5 years.

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What is the Ning Era?

Contemporary Amperex Technology IPO Investment Highlights
Contemporary Amperex Technology IPO Investment Highlights

Contemporary Amperex Technology Co., Limited, CATL was established in 2011, headquartered in Fujian, China, specializing in the development, production and sales of Lithium Batteries and Energy Storage Systems. Other Key Businesses include Electric Vehicle Power Batteries, Storage System Batteries, and Related Technology Solutions. As one of the world's largest suppliers of EV Batteries, Contemporary Amperex Technology has partnered with many internationally renowned automakers, including BMW, Volkswagen, Daimler and Tesla, and continues to innovate and sustainably develop propulsion battery technologies.

Ningde was listed on the Shenzhen Stock Exchange Startup Board in 2018, and the post-listing market value grew rapidly. The Ningde era invested heavily in R&D, with R&D expenses reaching 15.51 billion yuan in 2022 and increasing to 18.36 billion yuan in 2023, accounting for 4.6% of sales revenue. As of September 30, 2024, the company's cumulative R&D investment amounted to US$66.2 billion. According to the preliminary tender offer, as of September 30, 2024, Ningde has established six R&D centers and 13 battery manufacturing bases worldwide, with service sites covering 64 countries and regions. Between September 2015 and 2024, the cumulative R&D investment of the Ningde era reached RMB66.2 billion. As of September 30, 2024, 39,792 items have been authorized and patents pending.

With the largest lithium-ion battery capacity in the world and an industry-leading global layout, Ningde has an annual production capacity of 646 GWh in 2024. As of the end of November 2024, the Ning Era has achieved the cumulative installation of about 17 million vehicles with a global average of 1 in every 3 new energy vehicles. Energy storage batteries are installed in more than 1,700 projects worldwide. Its power battery market share is the first in the world for 8 consecutive years, and its storage batteries are the first in the world for 3 years in a row.

CORE BUSINESS IN THE NINGDE ERA

Contemporary Amperex Technology provides one-stop power and storage battery products and related solutions to the global market. Maintain a steady supply of key resources and materials through a deep inventory of Battery Materials, Battery Recycling, and Mineral Resources sectors. Contemporary Amperex Technology drives integrated innovation in market applications, from the development, production and sales of power and storage batteries, and electrification and intelligence at its core. The company has core technological advantages in Battery Materials, Battery Systems and Battery Recycling, and forms a comprehensive production service system.

CORE BUSINESS IN THE NINGDE ERA
CORE BUSINESS IN THE NINGDE ERA

Image Source: Application for Listing of Contemporary Amperex Technology NewEnergyFundTechnology Co., Ltd.

Power battery

Ningde offers products of various chemical systems, including lithium iron phosphate batteries, trivalent high-nickel batteries, sodium ion batteries, etc., that cover different energy density ranges and are characterized by fast charging, long life, high safety, etc.

Passenger car market

For the passenger car market, Ningde introduced products such as Kirin batteries and Shingo batteries to meet the diverse needs of pure electric passenger cars. Kirin batteries are powered by third-generation CTP technology with an energy density of up to 255Wh/kg, support ultra-fast charging with a range of more than 1,000 km over the entire vehicle. The Shenyang battery is the world's first 4C supercharged lithium iron phosphate battery with economical and low temperature performance. In addition, Snapdragon batteries are designed for hybrid vehicles with a pure battery life of more than 400 km, with the characteristics of pure battery life, good low temperature performance, and fast charging performance.

Commercial Vehicle Market

Ningde introduced the Skyline battery series, suitable for such scenarios as buses, logistics vehicles and heavy cards, with a long service life and high stability, with a service life of some products up to 3 million km of 15 years, adapting to harsh environments in mines, construction sites and other harsh environments. The Ningde era extended the application of power batteries to emerging fields such as engineering machinery, ships, aircraft, and continued innovation in market segments such as electric tools and electric two-wheelers.

Energy Storage Battery

Energy storage systems of the Ningde era, such as batteries, cabinets, containers, etc., mainly use lithium iron phosphate batteries, and have high integration, high safety and flexibility, effectively solving economic disparities and large footprint in the industry. The Ningde era has developed a variety of dedicated batteries covering different capacity versions and widely used in pre-table and post-table energy storage scenarios, including utility energy storage, industrial and data center energy storage. Its perpetual energy storage system also achieves 5 years of zero loss of power and capacity, with a single box energy of up to 6.25MWh, meeting the high demands of users for safety and economy.

CORE BUSINESS IN THE NINGDE ERA
CORE BUSINESS IN THE NINGDE ERA

Image Source: Application for Listing of Contemporary Amperex Technology NewEnergyFundTechnology Co., Ltd.

Market Opportunities in Ningde

Financial Performance in Ningde
Financial Performance in Ningde

To address the challenges of global climate change, countries and regions continue to place an increasing emphasis on low-carbon green and sustainable development, with many countries and regions pursuing policies to support green low-carbon and energy transitions. In China, based on the country's carbon-neutral goals, the government has promulgated, amended and updated a number of policy regulations aimed at promoting non-fossil energy development, driving a comprehensive green transition, encouraging the development of new energy vehicles and energy storage markets, while guiding the lithium battery industry towards high-quality development. These policies have been a major driver of the development and demand growth of the power battery and energy storage battery industries. In regions outside China, many countries and regions have also introduced different policies to support or encourage the development of new energy industries, further driving the growth of industry demand.

Market Challenges of the Ningde Era

The core materials needed in the production of batteries in the Ningde era include positive, negative, diaphragm and electrolyte, etc. The cost of these materials is greatly affected by fluctuations in the price of chemical raw materials such as lithium, nickel, cobalt, etc. In the past operating history of the Ningde era, the price of lithium carbonate has experienced significant increases and falls sharply, leading to greater fluctuations in production costs, which may have an impact on procurement costs and normal production operations. In addition, Ning has established a battery production base in Thuringen, Germany, and is actively promoting the construction of the Hungarian plant, while a Spanish plant under contract with Stellantis N.V. and a battery industry chain project in Indonesia are also under construction. However, regional political and economic stability, including the impact of government policy or regulatory changes on foreign funds, economic fluctuations, currency exchange rate changes, and geopolitical tensions or conflicts, could pose potential risks to business operations in the Ningde era.

Financial Performance in Ningde

The Ningde era has shown solid financial growth and excellent profitability in recent years. According to its financial data, the company's revenue was RMB328.6 billion in 2022, rising to RMB400.9 billion in 2023, an increase of 22.0% year-on-year. Revenue reached RMB259 billion for the previous nine months as of September 30, 2024. In terms of profitability, Ningde's net profit in 2022 was RMB33.5 billion, which increased by 41.5% to RMB47.3 billion in 2023. Net profit for the year ended September 2024 rose further to RMB38.8 billion, up 19.2% year-on-year.

In addition, the Ning era net interest rate increased from 10.2% in 2022 to 11.8% in 2023 and reached 15.0% in September 2024. In terms of return on equity, both 2022 and 2023 remained at a high level of 24.7%, slightly revised to 22.1% for September 2024.

In terms of cash flow management, as of September 30, 2024, the net cash generated by Ningde's operating activities was RMB67.4 billion.

Data Source:Application for Listing of Contemporary Amperex Technology NewEnergyFundTechnology Co., Ltd.

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**Use the 0.167 billion dollar expansion calculation to qualify for the purchase of pharmaceutical companies (02268.HK). The sample is for illustrative purposes only, the stock market is risky, and investors must re-enter the market. New shares are available only for Bank Expansion, and Futuro International Expansion Interest is available for display on the Purchase page.

There may be significant changes in the content of other information downloaded and incomplete in the application form of the prospectus. For the latest and most accurate information, please visit the official HKEX website for relevant content.

Frequency Asked Questions
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A SHARES ARE SHARES OF MAINLAND CHINESE COMPANIES LISTED ON SHANGHAI OR SHENZHEN SECURITIES EXCHANGES, WHICH ARE TRADED IN RMB, MAINLY FOR DOMESTIC INVESTORS. If investors in Hong Kong need to participate in the purchase of shares through the Hong Kong and Hong Kong Customs, Futu provides a stock exchange service. THE SHARES ARE SHARES OF MAINLAND CHINESE COMPANIES LISTED ON THE HONG KONG JOINT STOCK EXCHANGE, TRADED IN HONG KONG DOLLAR, TO GLOBAL INVESTORS.
HONG KONG SHARES ARE ALL SHARES LISTED ON THE HKEX, INCLUDING SHARES AND SHARES OF OTHER LOCAL OR INTERNATIONAL COMPANIES, TRADED IN HKD.
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