today,Cyrus officially landed on the Hong Kong Stock Exchange, becoming the first "A+H" luxury new energy vehicle company to be listed.However, the capital market did not enthusiastically embrace this star company;Cyrus fell 1.98% at the opening on the first day of listing, and the intraday drop once exceeded 10%.This is also in sharp contrast to the previous enthusiastic subscription in the market.
According to the previous public offering data of Thalys, the public offering of Thalys Hong Kong IPO was over-subscribed 133 times, and the financing subscription exceeded HK$170 billion.
As the first "A+H" luxury new energy vehicle company to be listed, Cyrus's listing has attracted much market attention.
This time, Thalys raised a net amount of HK$14.016 billion.It is the largest IPO of a Chinese car company to date and the largest Hong Kong IPO of a car company in the world since 2025.
Among them, Chongqing Industrial Fund of Funds became the largest cornerstone investor with a subscription amount of HK$2.176 billion. International institutions such as Schroders and Korea Mirae Asset are also on the list, which shows that capital recognizes its fundamentals.
It is reported that since 2016, Cyrus has fully transformed into the field of new energy vehicles, and in 2021, it will cooperate with Huawei across borders to launch the Wenjie brand.
Up to now, the Wenjie brand has launched four models: Wenjie M9, Wenjie M8, Wenjie M7, and Wenjie M5, with a total of more than 800,000 vehicles delivered.
According to the "Research on New Energy Vehicle Brand Health in the First Half of 2025" released by Jielan Road,The Wenjie brand won the first place in the automobile brand development confidence index in the first half of 2025, and the Wenjie M9 ranked first in the NPS list of new energy models with a score of 85.2 points.
The latest data shows that Cyrus new energy vehicles sold 51,456 vehicles in October, a year-on-year increase of 42.89%, a record high; the cumulative sales from January to October this year reached 356,085 vehicles.
In the first three quarters of this year, Cyrus achieved operating income of 110.534 billion yuan, a year-on-year increase of 3.67%; net profit attributable to the parent company was 5.312 billion yuan, a year-on-year surge of 31.56%.
In the ranking of the top 500 Chinese companies, Cyrus ranks 190th, a significant jump of 270 places from last year, becoming one of the fastest growing companies in this list.
