雷递网 乐天 9月26日
今日，据知情人士透露，零跑科技(9863.HK) 将以每股48港元进行定价，未行使发售量调整权及超额配股权的情况下，预计募资总额约62.79亿港元，有望成为今年港股最大新发IPO。
According to the fundraising plan, about 40% of the company's net fundraising this time will be used for R&D, including expanding the intelligent electric vehicle portfolio, recruiting more R&D personnel, providing funds for the development of advanced automotive intelligent technologies and improving electrification technology; about 25% will be used to improve production capacity; about 25% will be used to expand business and enhance brand awareness, including expanding sales and service networks to improve service quality, expanding marketing and improving brand awareness, and establishing an international market layout; about 10% will be used for operating funds and general corporate purposes.
Leapmotor Technology is expected to be listed on the main board of the Hong Kong Stock Exchange on September 29.
Judging from the final pricing results of Hong Kong stocks in 2022, most companies' final pricing falls at the lower limit of the IPO price range.具体来看，根据wind数据不完全统计，截至9月16日，共有53家企业成功登陆港交所（含介绍上市和SPAC），其中，披露发行价格与招股上下限的企业共计30家，其中20家发行价格与招股价区间下限保持一致。
Looking at the international market, whether it is the amount of funds raised or the number of IPOs, the performance of the US IPO market has been far lower than before since this year. In the recession, the shrinking of corporate valuations has become the main theme of this year's IPO market. From the perspective of the Hong Kong market, the overall Hong Kong stock market has slowed down and the decline in valuations, coupled with the lack of super-large and large-scale new economy and new stock listings, has caused the total financing to drop significantly. Since the beginning of this year, there are only 2 IPOs in the U.S. stock market with html of more than US$5.5 billion, and there are only 3 Hong Kong stock markets.
在簿记期间，受到多重国内及国际重大不利事件的影响，包括美联储FOMC会议表示未来将会持续大幅度加息，以及俄罗斯总统普京宣布全国动员等等，全球股票市场出现剧烈波动，投资者避险情绪大幅升高。而中国新能源汽车行业可比公司在路演期间股价也出现巨幅波动，在此种艰难的市场环境下成功实现发行，证明了零跑这样的高质量企业无论在何种市场环境中均具有强大的吸引力和投资者认可度。
Unlike Wei Xiaoli Overseas red chip architecture , Zero-Pony Technology directly issues H shares in Hong Kong based on the domestic structure of China.若零跑科技经受住境内和香港两地审核率先上市，将成为真正的中国新势力港股“第一股”，给境内新势力打下一剂强力震心剂，对境内新势力而言具有非凡的意义，打通了境内新势力主体直接赴港上市融资的通道。
累计募资118.7亿
从股东结构来看，零跑科技采用合伙人式结构，创始人朱江明与大华董事长傅利泉等人组成一致行动人，也是最大的单一股东集团，控股31.01%。
其次，零跑也引入产业链、经销渠道相关股东，如锂离子电池模组解决方案及产品提供商欣旺达创始人王明旺，持股0.54%；杭州凌通雷克萨斯汽车销售服务有限公司、杭州孚源汽车销售服务有限公司等多家公司法人及高管耿永平作为自然人持股0.36%。
零跑内部1300多位核心员工具有股权与期权，大约占据15%左右整体股权，这代表着作为核心壁垒的研发团队基本被绑定在了企业之中，对公司上市后的发展有着奠基的作用。
红杉中国、中金资本、杭州国资、上海电气等明星投资机构则紧随其后，纷纷投资，充分彰显对零跑科技的信心，也给予了零跑在全域自研前行道路上加速奔跑的底气。
Since January 2018, institutions such as Sequoia Zhisheng, Huzhou Yipu, Qian Yunyongzhen have taken the lead and increased their capital by 370 million yuan to complete the Pre-A round of financing. Shanghai Electric, Xingzheng Investment, and Sequoia Jetsen followed closely, signing A-1 and A-2 rounds of financing, with an increase of 1.12 billion yuan. After 2021, Leapmoto Technology will accelerate its financing pace.
In January 2021, Leapmotor Technology completed its Series B financing with a financing amount of 4.3 billion yuan. In August 2021 and November 2021, Leapmotor completed a Series C financing of 6.08 billion yuan, and Hangzhou State-owned Assets entered the market.
As of November 2021, Leapmotor's public financing amounted to 11.87 billion yuan, becoming a member of the club of new power auto companies receiving a 10 billion yuan financing.
celebrity shareholders are scrambling, Super Bull franchise
Looking at the financing process of Zero-Park Technology, various celebrity investment institutions have emerged. As China's top venture capital company, Sequoia China is the first investor of Zero-Park Technology except the original shareholders, and has conducted a second round of follow-up investment. It is understood that Leapmotor Technology is also the first new energy vehicle company to be led by Sequoia China. Even Sequoia Capital global executive partner Shen Nanpeng personally attended the signing ceremony of Zero Run Technology to stand up for Zero Run Technology.
There are many super bully figures appearing on the list of shareholders of Leap Run. According to the latest version of prospectus, Zhoushan Haohai holds 20.5669 million shares of Leapmotor Technology, accounting for 2.03%. Behind Haohai, Zhoushan, is the super bull-spun king Xiaoan, who is worth 40 billion. Wang Xiaoan gave up his public office in the late 1980s and went to Hangzhou to establish Donghai Chao Industrial Group. He is both stocks and futures and , and is said to have made billions of yuan in rubber and cotton futures. Nowadays, the strong increase in the Zero Run has undoubtedly set a new investment vane.
Private equity tycoon Ge Weidong also bet on Zero Run Technology. Ge Weidong is known as the "East Evil" in the futures circle. He has been very knowledgeable about capital operations for 22 years. In 2005, Shanghai Chaos Investment Co., Ltd. was initiated and established, with an average annualized investment income of nearly 120%. According to the shareholder list, private equity tycoon Ge Weidong entered the market early and held 18.3442 million shares of Leapmoto Technology, accounting for 1.81%. From this, it may be very optimistic about Leapmoto's future prospects.
In addition, on September 22, Beijing Bank and Leapmoto Technology signed a comprehensive cooperation framework agreement. Through this contract cooperation, Bank of Beijing will provide Leapmoto Technology with no less than 5 billion yuan in intention credit support, and promote in-depth financial cooperation in the fields of self-development in the entire region, vertical integration of , intelligent manufacturing, etc., fully reflecting the trust and expectations of financial institutions for Leapmoto. Taking advantage of this trend, Zero-Pony Technology's operations have accelerated and will soon start the acceleration mode.
Export Israel Take the first step in the "going overseas" strategy
In recent years, Zero-Park Technology's performance has ushered in rapid growth and its economies of scale have reached a higher level. The prospectus shows that the company's revenue increased by 439.7% from RMB 117 million in 2019 to RMB 631 million in 2020, and further increased by 396.1% to RMB 3.132 billion in 2021; gross profit margin improved from -95.7% in 2019 to -50.6% in 2020, and further improved to -44.3% in 2021.
Against the backdrop of increased supply costs in the industry in the first half of the year and shortage of supply chains caused by the epidemic, Leapmoto Technology went against the trend, with revenue reaching 5.082 billion yuan in the first half of the year, an increase of 479.4% year-on-year from 877 million yuan in the same period last year, and the scale of revenue has significantly exceeded the full year of 2021; the gross profit margin in the first half of the year was -26.0%, a significant improvement from 52.1% in the same period last year, reflecting that Leapmoto Technology's operating efficiency has increased significantly with the expansion of economies of scale.
From the perspective of market layout, as of July 31, 2022, Leapmoto Technology has 443 sales and service stores, covering 151 cities in China. Leapmotor Technology also plans to set up its first overseas flagship store in Europe by 2023 and enter other major markets around the world at the right time.
In early September this year, Zero Run's overseas market layout began to show signs, and he tried his best. The first batch of LePhant T03 models were officially exported to Israel and officially entered the overseas market, taking the first step in the globalization process of LePhant Auto . Leapmotor's partner is a well-known company in the Israeli automotive industry. It was established in 1981. Its business scale has always been in the market leading position. It is an innovative company with strong automotive groups and shareholders support.
It is reported that as the first export model of Zero Race, T03 has now passed the EU vehicle certification, obtained a sales license in the European market, and can be officially registered in all EU countries. Leapmotor sets Israel as the starting point in its "going overseas" strategy and further deploys the European Union member market.
insists on self-development in the whole region and consolidates basic skills
Zero-Park Technology has repeatedly stated that self-development in the whole region is the key to building the underlying core competitiveness of enterprises.
According to Frost & Sullivan's data, Leapmotor Technology is currently the only emerging electric vehicle company in China with independent research and development capabilities in the whole region, and is also the most vertically integrated emerging electric vehicle company in China. It has realized the independent research and development, design and manufacturing of all core systems and electronic components of smart electric vehicles, and has created an intelligent power system (Leapmotor Power), autonomous driving system (Leapmotor Pilot) and intelligent cockpit system (Leapmotor OS). It is currently the only emerging electric vehicle company in China that has achieved self-development of core systems and electronic components in the whole region.
Leapmotor's latest prospectus shows that as of the last feasible date, Leapmotor Technology has 1,617 patents and patent applications related to self-developed technologies (electric drive, battery system and autonomous driving technologies), including 161 patents and patent applications related to electric drive technology and 169 patents and patent applications related to battery systems.
On April 25, 2022, Leapmoto Technology released the integrated technology of battery-free package CTC battery chassis that can be mass-produced, representing the latest achievements of Leapmoto Technology's seven-year self-developed route. With the delivery of the C01 in the third quarter of 2022, LePan will become the world's first emerging electric vehicle company to adopt CTC technology on mass-produced models.
product focuses on 150,000 to 300,000 yuan
With the gradual advancement of macro policies such as carbon neutrality and carbon compliance, new energy vehicles are becoming more and more popular among the mainstream mass consumer groups. According to Frost & Sullivan data, in 2021, new energy vehicles sold in the price range of RMB 150,000-300,000 will account for 36.2% of China's total new energy vehicle sales. It is expected that this market segment will become the largest and fastest-growing market segment in China's new energy vehicle market from 2022, with an annual growth rate of 59.6%.
Against this background, Zero-Park Technology takes the pulse of industry trends, and its products focus on the domestic mid-to-high-end mainstream new energy vehicle market between 150,000 yuan and 300,000 yuan, and its brand positioning continues to rise.
points, Leapmotor Technology began to deliver the medium-sized intelligent pure electric SUVC11 in October 2021. The C11 is equipped with the latest generation of autonomous driving system Leapmotor Pilot3.0, which has the richest autonomous driving functions among electric models in the same price range, and can realize 360-degree visual perception and 22 autonomous driving functions. T03 is the first microcar in China with ADAS function and AI voice assistant. The T03's CLTC range can reach up to 403 kilometers.
C01 is the first mass-produced model equipped with CTC battery technology. It is built on the same platform of C11. In addition to being equipped with the richest autonomous driving functions at the same price, C01 also has an unparalleled 5,050 mm length in the same price range. The C01 Pro+ high-performance version has the fastest 3.7-second acceleration of 100 kilometers among competing electric models in the same price range. The C01 ultra-long range version can reach a maximum range of 717 kilometers, making it one of the longest range among electric models in the same price range.
In the future, Zero-Pony Technology plans to launch seven new models by the end of 2025 at the rate of one to three models per year, covering various sizes of sedans, SUVs and MPVs. As a supplement to product supply, the company also plans to expand its target audience based on self-developed extended-range (EREV) technology, or subsequently launch EREV versions of these new models, so as to expand its target audience, thereby capturing customers with different needs and preferences.
C01 sales exceeded 100,000
Zero-Park Technology's delivery volume hits new highs for four consecutive months, surpassing "Wei Xiaoli" in July and August, and firmly standing firm in the first camp of new car-making forces.
In July 2022, the company's smart electric vehicle delivery volume reached 12,044 units, a year-on-year increase of more than 177% in a single month. From January to July, a total of 64,038 new cars were delivered, a year-on-year increase of 244.8%; in August this year, the company continued its efforts, and the smart electric vehicle delivery volume reached 12,525 units, a year-on-year increase of more than 180% in a single month. From January to August, a year-on-year increase of 76,563 new cars were delivered, a year-on-year increase of 222.8%.
梳理零跑科技历年销量，2020年公司共计交付8,050辆智能电动汽车，较2019年增长676.3%；2021年合计交付43,748辆汽车，较2020年增长443.5%；2022年上半年交付51,994辆智能电动汽车，较2021年同期增长265.3%。
Since the first mass-produced car, Leapmotor S01, was delivered on June 28, 2019, it took Leapmotor Technology only three years. By the end of June 2022, the company achieved the "milestone" of the 100,000th mass-produced and offline car companies.
C01于2022年5月10日开启预售，开启预售4小时订单就已经达到20,764份，预售48小时内订单突破3万台，5月20日已突破4万台，截至9月20日，C01销量突破10万大关。 While the delivery volume of
continues to rise, Zero-Park Technology's production capacity continues to be released.零跑科技金华工厂具备从电动汽车核心部件到整车的完整生产能力，拥有两条全自动冲压生产线，并在焊接车间实现五条主生产线100%自动化率，目前金华工厂年产能达20万辆。
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