Geely resolutely returned to the A-share market when the new car-making forces proudly rang the bell of the New York Stock Exchange.
On September 1 day, the Shanghai Stock Exchange officially accepted the listing application of Geely Kechuang Edition, which also means that Geely, as the first share of Kechuang Edition, will officially return to A shares.
Accompanied by this news, as of the closing of the Hong Kong stock market on September 2, Geely Automobile (HK:00 175) offered a price of HK$ 17.70 per share, with a one-day increase of 35 1% (the Hang Seng Index fell by 0.26% that day) and a market value of HK$1732.99 million.
According to the prospectus submitted by Geely, Geely plans to issue no more than 65.438+73.2 billion shares this time, and the total investment of the raised funds investment projects is 20.424 billion yuan, of which 20 billion yuan will be mainly invested in four categories: new car product research and development projects, forward-looking technology research and development projects, industrial acquisition projects and supplementary liquidity projects.
Among them, the "R&D Project of Vehicle Products" has a total investment of 8 billion yuan, which is used for the research and development of new passenger cars and the upgrading and improvement of some existing models;
The "Forward-looking Technology R&D Plan" has a total investment of 3 billion yuan, which is used to invest in forward-looking technology research and development in the fields of new energy, autonomous driving and car networking.
The "industrial acquisition project" has a total investment of 3 billion yuan, which is used to acquire the production capacity of advanced factories and innovative enterprises in the upstream and downstream of the industrial chain;
The total investment of "supplementary working capital" is 6 billion yuan, which is used to supplement the company's working capital.
It is not difficult to find that more than half of Geely's fundraising will be used for technology research and development. It is worth mentioning that Geely also disclosed 32 core technologies and 9,332 authorized patents in the prospectus, one of which was the first in the scientific and technological innovation edition, higher than SMIC(88 12) and Ant Group (6382).
The 32 core technologies disclosed in the prospectus mainly involve powertrain (6 items), safety (5 items), intelligent driving (4 items), vehicle networking (4 items), new energy-electronic control (3 items), and new energy -48V, new energy -HEV, new energy-motor, electronic and electrical architecture, chassis, lightweight, intelligent manufacturing, intelligent air conditioning comfort cabin and virtual development.
Judging from these 32 core technologies, Geely, which has positioned itself as a "pioneer in automotive technology change", is accelerating its transformation to a technology-based company. Earlier, An Conghui (President of Geely Holding Group and CEO and President of Geely Automobile Group) also publicly stated that "in the face of the changes in the global automobile industry and the complicated and severe international economic and trade situation, Geely Automobile needs to continuously increase investment in research and development, and constantly improve and maintain the company's innovation and technological advantages."
According to official data, Geely now owns 17677 patents, and has more than 20,000 R&D personnel. In the past ten years, the total investment in R&D has exceeded 1000 billion yuan. In 2065 and 438+09 alone, it invested 20.7 billion yuan in R&D, accounting for 6.3% of the sales revenue, comparable to the international first-class automobile group.
With strong R&D investment, Geely has formed an industry-leading structure in many core technologies, such as CMA, BMA, SPA, PMA and other leading industries. The powertrain realizes the complete R&D and manufacturing capability of the engine and gearbox, and at the same time realizes the independent supply of the engine 100%; Pure electric technology realizes the automatic control three-in-one drive system; In terms of new energy, we have mastered four technical routes: hybrid technology, pure electric technology, alternative fuels and fuel cells. In terms of intelligent driving technology, the "crawler intelligent system" based on higher-level driverless technology has been released.
At this year's Chengdu Auto Show, Geely officially announced that it has entered the era of "4.0 comprehensive architecture system to build cars", relying on the world-class modular architecture "CMA Super Matrix" to help it achieve intergenerational leadership in the "Science and Technology Geely 4.0 era". At the same time, Geely continued to increase its investment in R&D even though its sales were blocked during the epidemic. This year, it invested a large number of new products, including ICON, LINKE 05, Hao Yue, Geometry C and so on. And lectra 06, preface, etc. , coming soon.
Although the semi-annual report in 2020 shows that Geely's cash flow up to now is as high as 20.265438 billion yuan, it obviously needs more financial support to continue to maintain such huge R&D investment and support the launch of so many new products.
Therefore, it is reasonable for Geely to return to A-shares with the help of domestic capital market forces in the face of the uncertainty of global macroeconomic environment and the continuous downturn of domestic market.
This will not only help the mainland capital market to enrich financing channels, optimize capital channels and relieve liquidity pressure, but also help Geely, which has transformed into A+H shares, to integrate global resources more efficiently and accelerate its transformation to global car companies by opening up the two capital markets of A shares and H shares.
Up to now, according to Geely's latest mid-year financial report, its revenue in the first half of the year was 36.82 billion yuan and its net profit was 2.297 billion yuan. The market share rose to 6.74%, ranking fourth in the brand sales market and first in China. After returning to A-shares, I believe Geely can take this measure to achieve the set goals faster and better, and continue to take the lead in the "new four modernizations" automobile transformation and transformation war.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.