CATL IPO in Hong Kong approved

On March 25, CATL obtained the filing notice of overseas issuance and listing issued by the International Department of China Securities Regulatory Commission (CSRC), and the project took only 25 days from filing acceptance to obtaining the filing notice, which is one of the fastest records of filing for overseas issuance in recent years.CATL’s IPO in Hong Kong stock market was approved.
In April 2024, CSRC issued five capital market cooperation measures with Hong Kong, including “supporting mainland leading enterprises in the industry to list in Hong Kong”, which provided strong policy support and guidance for A-share enterprises to list in Hong Kong. CATL has obtained the filing notice promptly, which demonstrates the regulators’ high support for the company’s globalization strategy.
As a leading global new energy innovation and technology company, CATL’ plan to go public in Hong Kong has attracted much attention since it was initiated. in December 2024, CATL first announced that it was planning to issue H-share stocks and list on the main board of The Stock Exchange of Hong Kong Limited, and then formally submitted an application to the Hong Kong Exchanges and Clearing Limited on February 11, 2025. This IPO of CATL is expected to be one of the largest projects in Hong Kong stocks in recent years.
The 2024 annual report shows that CATL 2024 realized operating revenue of 362 billion yuan and net profit attributable to shareholders of the parent company amounted to 50.7 billion yuan, a year-on-year increase of 15.01%. The company continues to optimize the shareholder return mechanism, and maintains the dividend distribution ratio at 50% in both 2023 and 2024.