New stock news | Contemporary Amperex Technology (300750.SZ) submits Hong Kong Stock Exchange application to increase leading advantage in A+H share layout.

According to the disclosure of the Hong Kong Stock Exchange on February 11, Contemporary Amperex Technology (300750.SZ) has submitted an application to list on the main board of the Hong Kong Stock Exchange. The sponsoring and coordinating parties include China International Capital Hong Kong Securities Limited, China Securities Co., Ltd. (International Financing) Limited, J.P. Morgan Securities (Asia Pacific) Limited, Merrill Lynch (Asia Pacific) Limited; the overall coordinators include Goldman Sachs (Asia) Limited, Morgan Stanley Asia Limited, UBS AG Hong Kong Branch. According to the prospectus, Contemporary Amperex Technology is a global leading new energy innovation technology company, mainly engaged in the research, development, production, and sales of power batteries and energy storage batteries, with the aim of promoting the replacement of mobile and fixed fossil energy sources, and integrating innovation through electrification and intelligence to achieve market application. As of September 30, 2024, the company has established six major research and development centers and thirteen battery production manufacturing bases globally, with service outlets in 64 countries and regions. The company covers the most extensive range of customers and end-users globally, and as of the end of November 2024, it has equipped approximately 17 million vehicles with power batteries, with on average one out of every three new energy vehicles worldwide being equipped with a battery from Contemporary Amperex Technology. Energy storage batteries have been applied in over 1,700 projects worldwide. With years of deep cultivation in the lithium battery field, the company possesses independent and efficient full-chain research and development capabilities, has developed comprehensive and advanced products and solutions that can be applied in areas such as passenger cars, commercial vehicles, front-end energy storage, back-end energy storage, as well as emerging applications in engineering machinery, ships, aircraft, etc., to fully meet the diverse needs of different customers. According to a report by Gaoinstitute Research, as of the end of 2024, Contemporary Amperex Technology covered nine out of the top ten new energy vehicle sales globally. The company's automotive customers include BMW, Mercedes-Benz, Stellantis, Volkswagen, Ford, Toyota, Hyundai, Honda, Volvo, SAIC, Geely, NIO, I dea!, Yutong, Xiaomi, etc.; the company's energy storage customers and partners include NextEra, Synergy, Wrtsil, Excelsior, Jupiter Power, Flexgen, State Grid, State Power Investment Group, China National Best Energy, China National Best Electricity, PetroChina, etc. The company is further deepening cooperation with customers through shareholding, joint ventures, technology licensing, and other means. In 2023, 32.7% of the company's operating income came from overseas. In addition, as of September 30, 2024, the company has established over 730 after-sales service stations globally, including 156 overseas service stations, to continuously provide quality service to global customers. Financially, for the fiscal years of 2022, 2023, the nine months ending September 30, 2023, and the nine months ending September 30, 2024, Contemporary Amperex Technology's revenues were approximately RMB 328.594 billion, RMB 400.917 billion, RMB 294.677 billion, and RMB 259.045 billion respectively; while the profits for the same periods were RMB 33.457 billion, RMB 47.342 billion, RMB 32.545 billion, and RMB 38.806 billion respectively.