In the capital market, CATL's IPO is attracting significant attention. The company submitted its prospectus to the Hong Kong Stock Exchange on the evening of February 11, with underwriters including CICC, Goldman Sachs, Morgan Stanley, and UBS. The expected fundraising scale is over $5 billion, making it the largest IPO in the Hong Kong market in the past three years. This event undoubtedly injects new vitality into the Hong Kong stock market.

CATL has chosen a timely moment to go public, coinciding with a capital frenzy sparked by DeepSeek, leading investors to reassess Chinese technology assets. So far this year, the Hang Seng Index has risen by 6.16%, while the Hang Seng Tech Index has increased by 15.09%. Li Zhenguo, Vice Chairman of UBS Global Investment Banking, expressed optimism, predicting that the total fundraising amount in the Hong Kong IPO market will exceed HKD 100 billion this year, particularly for companies with strong cash flow and stable growth, which are expected to receive a more positive market response.

CATL's financial performance is equally impressive. According to its latest forecast, the net profit attributable to shareholders for 2024 is expected to be between RMB 49 billion and RMB 53 billion, representing a year-on-year growth of 11.1% to 20.1%. Additionally, the company plans to issue a special dividend in 2024, totaling RMB 5.397 billion. This not only showcases the company’s profitability but also enhances investor confidence.

Industry analysts believe that CATL's capacity utilization rate will approach 90% by the fourth quarter of 2024, and they expect a 35% year-on-year increase in shipments for 2025, reaching nearly 650 GWh. These positive figures have led multiple investment banks to compete for underwriting roles, eager to seize the opportunity of the world’s largest lithium battery manufacturer listing in Hong Kong.

Through this IPO, CATL aims to raise funds for overseas expansion and international business development while also supplementing its offshore operating capital. This will provide crucial support for its long-term internationalization strategy. The company stated that post-listing, it will effectively reserve foreign exchange funds to enhance cross-border resource integration capabilities, thereby improving operational efficiency and profitability.

CATL is also continuously expanding its presence in overseas markets. Its overseas revenue now accounts for nearly 30%, and the company is actively establishing battery factories globally to meet international customer demands. Currently, CATL operates 13 production bases worldwide, with a total annual capacity exceeding 700 GWh. Its deep partnerships with industry giants such as BMW and Volkswagen place it in a pivotal position within the global electric vehicle supply chain. Moreover, the company’s battery products have expanded into various sectors, including construction machinery, ships, aircraft, and robotics. It is actively exploring the potential of energy storage batteries, which have ranked first in global shipments for three consecutive years, becoming one of its main business segments.

With the market's optimistic outlook on CATL's future growth, the successful listing of the company will further stimulate the recovery of the Hong Kong IPO market and enhance its influence in the global market. By leveraging this listing, CATL can establish closer ties with international institutional investors and strategic investors, promote shareholder structure diversification, and lay a solid foundation for future competition in the global market.

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The uSMART HK app features a dedicated IPO center, offering exclusive promotions for customers to subscribe to public offerings in real time. After logging in the uSMART HK APP, select the transaction at the bottom right, click "IPO Subscription", select the IPO you want to subscribe, click "Public Subscription", fill in the subscription number and send the order.

（Source: uSMART HK）