On May 20, Ningde Times H shares were listed on the main board of the Hong Kong Stock Exchange.Livermore Securities showed that Ningde Times opened 12.55% higher on its first day of listing in Hong Kong at HK$296, with an issue price of HK$263.Ningde Times’ latest total market capitalization reached HK$1.34 trillion.
It is reported that Ningde Times Hong Kong IPO has attracted cornerstone investors including energy giants, sovereign wealth funds and top market-oriented institutions to subscribe up to HK$20.371 billion, accounting for more than 40% of the total amount raised.According to the prospectus disclosure, investors involved in this cornerstone subscription include Sinopec, Kuwait Investment Authority, Gao Ting Capital, Gao Yi Asset, UBS, Oaktree Capital, Mirae Asset, Royal Bank of Canada, Taikang, Taikang, Beaufort, Kingwood and so on.Among them, Sinopec, Kuwait Investment Authority and High Tier Capital subscribed US$500 million, US$500 million and US$200 million respectively.
Financial data show that in 2024, Ningde Times realized operating income of 362.013 billion yuan, a year-on-year decline of 9.70%; realized net profit attributable to shareholders of the parent company of 50.745 billion yuan, a year-on-year increase of 15.01%; in the first quarter of 2025, the company realized operating income of 84.705 billion yuan, a year-on-year increase of 6.18%; realized net profit attributable to the mother of 13.963 billion yuan.32.85% year-on-year growth.
Ningde Times has continued to increase its overseas business layout.2024 In December, Ningde Times announced that it had joined hands with Stellantis to set up a joint venture in Spain and build a battery factory in Spain with the joint venture as the main body.The plant is Ningde Times’ third major battery production base in Europe.By the end of 2024, Ningde Times will have 13 battery production bases around the world.
Article source: motor home
