IPO Timeline
Broker Deadline
2025-08-28
Morning deadline
HKEX Deadline
2025-08-28
Noon deadline
Broker Results (T-2)
2025-08-29
Some brokers release in afternoon
Grey Market (T-1)
2025-09-01
Afternoon
HKEX Allotment (T-1)
2025-09-01
Evening
Registrar Allotment (T-1)
2025-09-01
Evening
Listing Day (T)
2025-09-02
First day of trading
Company Overview
| Stock Name | 奥克斯电气 |
|---|---|
| Stock Code | 02580 |
| Company Full Name | 奥克斯电气 |
| Industry | Consumer Discretionary |
| Principal Activities | 我們是全球前五大空調提供商之一，集家用和中央空調設計、研發、生產、銷售及服務於一體。 |
| Listing Date | 2025-09-02 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國 浙江省 寧波市鄞州區 姜山鎮 明光北路 1166號 |
| Business Address (Hong Kong) | 香港 銅鑼灣 希慎道33號 利園一期 19樓1912室 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | aux-home.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism A |
|---|---|
| Offer Price | HK$ 17.42 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 3,484 |
| Par Value | RMB 5e-06 / shares |
| Offer Period | 2025-08-25 to 2025-08-28 |
| Global Offering Shares | 238,235,200 shares |
| HK Public Offer Shares (Initial) | 10,358,200 shares (4.3%) |
| Public Offer Lots (Initial) | 51,791lots (25,895lots, 25,896lots) |
| International Placing Shares (Initial) | 196,803,000 shares (95.7%) |
| Offer Ratio | ~15.3% |
| Total Shares Post-IPO | 1,557,161,200 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 4,150,057,184 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 3,484 |
| 2 lots | 400 | HK$ 6,968 |
| 3 lots | 600 | HK$ 10,452 |
| 4 lots | 800 | HK$ 13,936 |
| 5 lots | 1,000 | HK$ 17,420 |
| 6 lots | 1,200 | HK$ 20,904 |
| 7 lots | 1,400 | HK$ 24,388 |
| 8 lots | 1,600 | HK$ 27,872 |
| 9 lots | 1,800 | HK$ 31,356 |
| 10 lots | 2,000 | HK$ 34,840 |
| 15 lots | 3,000 | HK$ 52,260 |
| 20 lots | 4,000 | HK$ 69,680 |
| 25 lots | 5,000 | HK$ 87,100 |
| 30 lots | 6,000 | HK$ 104,520 |
| 35 lots | 7,000 | HK$ 121,940 |
| 40 lots | 8,000 | HK$ 139,360 |
| 45 lots | 9,000 | HK$ 156,780 |
| 50 lots | 10,000 | HK$ 174,200 |
| 100 lots | 20,000 | HK$ 348,400 |
| 150 lots | 30,000 | HK$ 522,600 |
| 200 lots | 40,000 | HK$ 696,800 |
| 250 lots | 50,000 | HK$ 871,000 |
| 300 lots | 60,000 | HK$ 1,045,200 |
| 350 lots | 70,000 | HK$ 1,219,400 |
| 400 lots | 80,000 | HK$ 1,393,600 |
| 450 lots | 90,000 | HK$ 1,567,800 |
| 500 lots | 100,000 | HK$ 1,742,000 |
| 1,000 lots | 200,000 | HK$ 3,484,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,500 lots | 300,000 | HK$ 5,226,000 |
| 2,000 lots | 400,000 | HK$ 6,968,000 |
| 2,500 lots | 500,000 | HK$ 8,710,000 |
| 3,000 lots | 600,000 | HK$ 10,452,000 |
| 3,500 lots | 700,000 | HK$ 12,194,000 |
| 4,000 lots | 800,000 | HK$ 13,936,000 |
| 4,500 lots | 900,000 | HK$ 15,678,000 |
| 5,000 lots | 1,000,000 | HK$ 17,420,000 |
| 10,000 lots | 2,000,000 | HK$ 34,840,000 |
| 15,000 lots | 3,000,000 | HK$ 52,260,000 |
| 20,000 lots | 4,000,000 | HK$ 69,680,000 |
| 25,895 lots | 5,179,000 | HK$ 90,218,180 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 27,125,748,104 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | 盈利約人民幣2,910.2百萬元 |
| Period-End Cash Balance | 人民币579,700,000元 |
| Listing Expenses | ~HK$ 192,200,000 |
| Listing Expenses / Funds Raised | ~4.63% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 16.48 |
|---|---|
| First Day Open | HK$ 16.1 |
| First Day Change | -5.40% |
| First Day Volume | 52410200.0 |
| First Day Turnover | 856770000.0 |
Use of Proceeds
| Use of Proceeds | 1、約20%的所得款項凈額（或約657.5百萬港元）預期將用于全球研發； 2、約50%的所得款項凈額（或約1,643.7百萬港元）預期將用于升級智能制造體系及供應鏈管理； 3、約20%的所得款項凈額（或約657.5百萬港元）預期將用于加強銷售及經銷渠道； 4、約10%的所得款項凈額（或約328.7百萬港元）預期將用于營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
中国国际金融香港证券有限公司 CE AEN894(sole)
Overall Coordinators (2)
中国国际金融香港证券有限公司 CE AEN894
东方证券（香港）有限公司 CE AVD362
Joint Global Coordinators (3)
中国国际金融香港证券有限公司 CE AEN894
东方证券（香港）有限公司 CE AVD362
农银国际融资有限公司 CE AWL249
Joint Bookrunners (5)
中国国际金融香港证券有限公司 CE AEN894
东方证券（香港）有限公司 CE AVD362
农银国际融资有限公司 CE AWL249
工银国际证券有限公司 CE ARO299
富途证券国际（香港）有限公司 CE AZT137
Joint Lead Managers (5)
中国国际金融香港证券有限公司 CE AEN894
东方证券（香港）有限公司 CE AVD362
农银国际证券有限公司 CE ACX411
工银国际证券有限公司 CE ARO299
富途证券国际（香港）有限公司 CE AZT137
Capital Market Intermediaries (6)
中国国际金融香港证券有限公司 CE AEN894
东方证券（香港）有限公司 CE AVD362
农银国际融资有限公司 CE AWL249
农银国际证券有限公司 CE ACX411
工银国际证券有限公司 CE ARO299
富途证券国际（香港）有限公司 CE AZT137
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
凯易律师事务所 竞天公诚律师事务所 迈普达律师事务所（香港）有限法律责任合伙 |
| Legal Advisor to Sponsors/Underwriters |
富而德律师事务所 上海市锦天城律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 安永（中国）企业咨询有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 中邮理财有限责任公司 | — | — | — | — | 6 months | 2026-03-02 |
Directors & Management
| Chairman | 鄭堅江 |
|---|---|
| Company Secretary | 張波 |
執行董事 (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 郑坚江 | — | 執行董事 |
| 2 | 忻宁 | — | 執行董事 |
非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 郑江 | — | 非執行董事 |
| 2 | 何锡万 | — | 非執行董事 |
| 3 | 李健 | — | 非執行董事 |
獨立非執行董事 (5)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 项伟 | — | 獨立非執行董事 |
| 2 | 荆娴 | — | 獨立非執行董事 |
| 3 | 陶胜文 | — | 獨立非執行董事 |
| 4 | (1) 郑坚江 | — | 獨立非執行董事 |
| 5 | (2) 何锡万 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | 奧克斯控股持有1,300,921,250股，佔83.54%；鄭堅江先生通過Ze Hui、China Prosper及奧克斯控股被視為擁有相同權益。 |
|---|
Offering Structure
Subscription Tiers
IPO Timeline
