Chery Automobile made its official debut on the Hong Kong Stock Exchange (HKEX) today, trading under the stock code 9973. The shares were priced at the upper - end of the offer price range, at HK$30.75 per share. This successful listing enabled the company to raise HK$9.14 billion, marking it as the largest initial public offering (IPO) for an auto company on the Hong Kong stock market this year.
Back in 2025, Chery had already made a high - quality listing its top strategic goal. As one of the few large - scale unlisted automotive exporters remaining in China, Chery had made several attempts to go public over the past two decades, all of which ended in failure.
Financial data reveals a strong growth trajectory. From 2022 to the first quarter of 2025, Chery's revenue figures were as follows: RMB 92.618 billion in 2022, RMB 163.205 billion in 2023, RMB 269.897 billion in 2024, and RMB 68.223 billion in the first quarter of 2025. During the same periods, its net profits were RMB 5.806 billion in 2022, RMB 10.444 billion in 2023, RMB 14.334 billion in 2024, and RMB 4.726 billion in the first quarter of 2025.