| Stock Name | 西锐 |
|---|---|
| Stock Code | 02507 |
| Company Full Name | 西锐 |
| Industry | 工業制造 |
| Principal Activities | 公司是私人航空業的先驅者及全球市場領導者。公司設計、開發、制造及銷售業界認可的優質飛機，在安全、技術、連接、性能及舒適度方面均有所創新。 |
| Listing Date | 2024-07-12 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 美國明尼蘇達州德魯斯市泰勒區4515號 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://cirrusaircraft.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 27.50 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 56.4% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 150,909,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,750 |
| 2 lots | 200 | HK$ 5,500 |
| 3 lots | 300 | HK$ 8,250 |
| 4 lots | 400 | HK$ 11,000 |
| 5 lots | 500 | HK$ 13,750 |
| 6 lots | 600 | HK$ 16,500 |
| 7 lots | 700 | HK$ 19,250 |
| 8 lots | 800 | HK$ 22,000 |
| 9 lots | 900 | HK$ 24,750 |
| 10 lots | 1,000 | HK$ 27,500 |
| 15 lots | 1,500 | HK$ 41,250 |
| 20 lots | 2,000 | HK$ 55,000 |
| 25 lots | 2,500 | HK$ 68,750 |
| 30 lots | 3,000 | HK$ 82,500 |
| 35 lots | 3,500 | HK$ 96,250 |
| 40 lots | 4,000 | HK$ 110,000 |
| 45 lots | 4,500 | HK$ 123,750 |
| 50 lots | 5,000 | HK$ 137,500 |
| 60 lots | 6,000 | HK$ 165,000 |
| 70 lots | 7,000 | HK$ 192,500 |
| 80 lots | 8,000 | HK$ 220,000 |
| 90 lots | 9,000 | HK$ 247,500 |
| 100 lots | 10,000 | HK$ 275,000 |
| 200 lots | 20,000 | HK$ 550,000 |
| 300 lots | 30,000 | HK$ 825,000 |
| 400 lots | 40,000 | HK$ 1,100,000 |
| 500 lots | 50,000 | HK$ 1,375,000 |
| 600 lots | 60,000 | HK$ 1,650,000 |
| 700 lots | 70,000 | HK$ 1,925,000 |
| 800 lots | 80,000 | HK$ 2,200,000 |
| 900 lots | 90,000 | HK$ 2,475,000 |
| 1,000 lots | 100,000 | HK$ 2,750,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 5,500,000 |
| 4,000 lots | 400,000 | HK$ 11,000,000 |
| 5,000 lots | 500,000 | HK$ 13,750,000 |
| 7,000 lots | 700,000 | HK$ 19,250,000 |
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 27.5 |
|---|---|
| First Day Open | HK$ 27.5 |
| First Day Change | 20.29% |
| First Day Volume | 6391410.0 |
| First Day Turnover | 173203000.0 |
| Use of Proceeds | 1、所得款項凈額的30%，或約418.0百萬港元，將用于為創新、產品提升、持續產品改進及其他研發活動撥付資金； 2、所得款項凈額的30%，或約418.0百萬港元，將用于提升生產效率及產能； 3、所得款項凈額的30%，或約418.0百萬港元，將用于為在地域上和總容量上提升及擴展服務； 4、所得款項凈額的10%，或約139.5百萬港元，將用于一般營運資金及其他一般企業用途。 |
|---|
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 常熟东南产业投资有限公司 | 234,319,250 HKD | — | 15.53% | — | 6 months | 2025-01-12 |
| 2 | 太仓高新科创发展有限公司 | 234,319,250 HKD | — | 15.53% | — | 6 months | 2025-01-12 |
| 3 | 无锡建发新投空天投资合伙企业(有限合伙) | 187,176,000 HKD | — | 12.40% | — | 6 months | 2025-01-12 |
| 4 | 无锡金投联盈产业投资合伙企业(有限合伙) | 39,066,500 HKD | — | 2.59% | — | 6 months | 2025-01-12 |
| 5 | 中国国有企业结构调整基金二期股份有限公司 | 156,213,750 HKD | — | 10.35% | — | 6 months | 2025-01-12 |
| Chairman | 楊雷 |
|---|---|
| Company Secretary | 皮巍;陳鎮杰 |
| Major Shareholders & Holdings | 中航通飛香港有限公司(85%) |
|---|
Market Sentiment
The IPO of 西锐 (02507) saw a modest oversubscription of 1.56 times, with a 100% hit rate for all 4,795 valid applications, indicating tepid market enthusiasm. The low demand and full allocation suggest the offer may have been priced at the upper bound of investor appetite, and reallocation from the international tranche likely ensured complete distribution. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
Despite the low overall subscription, the allocation pattern shows unusual inefficiency at key tiers: 甲尾 applicants with 100,000 shares applied received just 1 lot, identical to 乙头 applicants who applied for 200,000 shares. This flat allocation curve penalizes larger retail investors and suggests the issuer or underwriter skewed distribution toward smaller lots; broker fees may further erode the economics of large applications, though actual costs vary. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
The demographic data for this IPO shows zero recorded holders under the registrar's reporting, which may indicate a small post-listing shareholder base or limited data collection. With no breakdown of mainland China versus Hong Kong participation, no clear regional or gender trends can be identified. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
