This year's largest Global IPO! Report: Contemporary Amperex Technology will be listed at the upper limit of the issue price at 263 Hong Kong dollars, with Institutions having oversubscribed by 30 times.
As of May 14, Contemporary Amperex Technology has received orders from Institutions exceeding 50 billion USD, equivalent to approximately 390.2 billion HKD. Excluding the cornerstone subscription part, it has already been oversubscribed by 30 times. It is estimated that the fundraising amount for Contemporary Amperex Technology's listing in Hong Kong is expected to expand to 41 billion HKD (5.26 billion USD), making it the largest IPO in Hong Kong since Kuaishou's listing in 2021.
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Direct coverage of the Earnings Conference for the Siasun Robot&Automation Industry: The localization rate of the supply chain is accelerating, while the industrial sector still faces fierce competition.
① Many companies participating in the performance briefing stated that currently, the core or most supply chain links have been localized, while a small number of links that require imports are actively planning localization solutions; ② From the perspective of the overall Siasun Robot&Automation Industry, the competition in the industrial robot industry is fierce, and in 2024, a situation of "growth in quantity without growth in revenue, and growth in revenue without growth in profit" may occur.
The listing Business is flourishing, and the HKEX achieved a record profit in the first quarter.
In the first quarter of 2025, the Hong Kong Stock Exchange's Net income reached 4.08 billion HKD, a staggering 37% year-on-year growth, setting a historical quarterly record. The AI boom, the return of Chinese concept stocks, and Trump’s policies have led to drastic market fluctuations, collectively driving up Trade volume and settlement income.
Shenzhen Mindray Bio-Medical Electronics' Q1 revenue decreased by 12.12% year-on-year, and Net income decreased by 16.81% year-on-year | Earnings Reports Insights.
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Contemporary Amperex Technology and other Battery manufacturers compete with new products as the supercharging and fast charging storm approaches | New forces at the auto show.
① Battery manufacturers took center stage at the auto show, with Contemporary Amperex Technology, Sunwoda Electronic, and Eve Energy Co., Ltd. competing with new products at the Shanghai Auto Show; ② A storm of ultra-fast charging has arrived, with megawatt fast-charging products from companies like BYD, Huawei, and ZEEKR showcased at the auto show.
When Autos "roll" towards the sky: Xpeng Huitian, Fengfei, GAC and others showcase eVTOL for the first time at the Shanghai Auto Show | New Forces in the Auto Show.
① The 2-ton level eVTOL from Fengfei Aviation, Xiaopeng Huitian's "land aircraft carrier", and GAC high domain's GOVY-Aircar all made their appearance at the Shanghai Auto Show; ② Reports indicate that these manufacturers' eVTOLs/flying cars are making their debut at the Shanghai Auto Show.
The Shanghai Auto Show witnesses the "mutual rush" of Chinese and foreign enterprises: multinational car companies are deeply cultivating the Chinese market while domestic supply chain enterprises are accelerating their move towards Global.
① The 2025 Shanghai Auto Show focuses on smart electric vehicles, with foreign car companies accelerating their integration into the China supply chain, and local innovative forces rising; ② Under the pressure of transformation, Toyota deepens its local layout by establishing a wholly-owned factory in Shanghai, betting on localization and supply chain synergy; ③ Joint venture brands strengthen collaboration in local innovation chains, as China supply chain companies accelerate their dominance in the Global smart electric vehicle industry.
Everwin Lithium heavily invested in large cylindrical Batteries.
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Sungrow Power Supply has recently reported single-digit revenue growth for the first time, with a sharp decrease in revenue growth in the overseas market | Interpretations
① In 2022 and 2023, the company's revenue growth rates reached 66.79% and 79.47% respectively, while the growth rate for the year 2024 is only 7.76%; ② In 2024, the growth rate of the overseas market plummeted, with a year-on-year increase of only 8.76%. In 2023, the revenue growth rate for this segment reached 75.05%.
Humanoid robot competition: a "technical coming-of-age ceremony" where "flops" and "evolution" occur simultaneously.
① The champion team from Tian Gong, CTO Tang Jian of the Peking Humanoid Robot Innovation Center, told the Star Daily reporter, "The half marathon competition is mainly a limit test for the robot's Hardware and Software motion algorithm, or the stability and reliability of the robot's 'little brain'." ② The Wuxi embodied intelligence sports event opening tomorrow, along with the upcoming robot combat competition held by Yushu, will undoubtedly attract more attention for 'inspection.'
Technology stocks are rebounding, while high-profile stocks are collectively "cooling down". The market may enter a critical period for switching between high and low performances.
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In the first quarter, Wens Foodstuff Group earned 2 billion, turning a profit compared to the same period last year, with a decline in the debt ratio for four consecutive quarters | Interpretations
① The decline in breeding costs combined with pig prices being better than the same period last year has led Wens Foodstuff Group to turn a profit in Q1 compared to last year; ② The company's debt-to-asset ratio has continued to decrease for four consecutive quarters, with a total drop of more than 10 percentage points, standing at 51.45% at the end of the first quarter.
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