since the collective landing in US stocks, the three new car building forces of “Wei Xiaoli” are about to join forces in Hong Kong stocks
On February 28, Weilai automobile announced that it had passed the hearing of the Hong Kong Stock Exchange and was expected to be listed for trading on March 10, 2022, with the stock code of “9866”.
listing without financing
Unlike Xiaopeng automobile and ideal automobile, which chose to land on the Hong Kong stock exchange for secondary listing, Weilai automobile’s application materials show that this listing adopts the method of “Introduction listing”, which does not involve the issuance of new shares and fund-raising.
Relevant personnel pointed out that “introducing listing” can be understood as listing without financing. The purpose of this listing of Weilai automobile is to provide investors with alternative trading places, mitigate geopolitical risks, expand investor groups, and do not dilute the interests of existing shareholders while the listing purpose can still be achieved.
The prospectus also disclosed the latest equity structure of Weilai automobile.
Among them, Li Bin, founder, chairman and CEO of Weilai, has the highest shareholding ratio of 10.6%, and has 39% voting rights. Followed by Tencent and Baillie Gifford & Co., an investment institution in the UK, holding 9.8% and 6.5% respectively, with corresponding voting rights of 17.4% and 3.5%.
The prospectus shows that from 2018 to 2020, Weilai automobile achieved revenue of 4.952 billion yuan, 7.824.9 billion yuan and 16.257.9 billion yuan respectively, and recorded revenue of 26.235.7 billion yuan in the first nine months of 2021.
The sharp increase in revenue also narrowed the loss of Weilai automobile.
From 2018 to 2020, the corresponding net losses were RMB 9.639 billion, RMB 11.295.7 billion and RMB 5.304.1 billion respectively; The net loss in the first September of 2021 was 1.873.5 billion yuan, narrowing compared with 3.915 billion yuan in the same period last year.
In terms of gross profit margin, in the first nine months of 2021, Weilai automobile made a gross profit of 5.121 billion yuan (US $794.9 million), an increase of more than 600% compared with 731.5 million yuan in the same period last year. The company said that the significant increase in gross profit was mainly due to the increase in vehicle delivery and the increase in vehicle gross profit margin.
The growth of gross profit is more intuitive from the performance of gross profit margin. In the first nine months of 2021, the gross profit margin of Weilai automobile was 19.5%, an increase of nearly 12 percentage points compared with the same period last year.
As with finance, the sales performance of Weilai has increased greatly.
In 2018, Weilai automobile delivered 11348 es8.
In 2019, Weilai delivered 20565 vehicles, up 81.2% year-on-year, including 9132 es8 and 11433 ES6.
In 2020, Weilai automobile delivered 43728 vehicles, including 10861 es8, 27945 ES6 and 4922 ec6.
The number of new vehicles delivered in 2021 has reached 167109% year-on-year since 2021, which shows that the number of new vehicles delivered in 2021 has reached 42071.
press shaft debut
As a new force in car making, Xiaopeng automobile ranked first with the delivery of 98155 vehicles last year, with a year-on-year increase of 263%. Ideal car relies on an ideal one to realize the delivery of 90491 vehicles, with a year-on-year increase of 177%.
In addition, Xiaopeng automobile and ideal automobile both landed on the Hong Kong Stock Exchange last year.
In August 2020, Xiaopeng automobile landed on the New York Stock Exchange with an issue price of US $15 per share; In July 2021, he returned to Hong Kong Stock Exchange and became the first smart electric vehicle stock in the Hong Kong stock exchange. He was also the first Chinese concept stock listed in the United States and Hong Kong in the year. On the first day of listing, Xiaopeng automobile closed at HK $168, with a total market value of HK $284.2 billion.
More than a month later, the pace of the ideal car followed.
On August 12, 2021, one year after listing in the United States, ideal automobile officially landed on the Hong Kong stock exchange.
As a Chinese Shanxi Guoxin Energy Corporation Limited(600617) automobile manufacturer, ideal automobile, Weilai automobile and Xiaopeng automobile are called the “troika” of the new forces of car making. Now they are about to meet with Hong Kong stocks, and smart electric vehicles may trigger another upsurge.
