IPO Timeline
Broker Deadline
2025-11-25
Morning deadline
HKEX Deadline
2025-11-25
Noon deadline
Broker Results (T-2)
2025-11-26
Some brokers release in afternoon
Grey Market (T-1)
2025-11-27
Afternoon
HKEX Allotment (T-1)
2025-11-27
Evening
Registrar Allotment (T-1)
2025-11-27
Evening
Listing Day (T)
2025-11-28
First day of trading
Company Overview
| Stock Name | 海伟股份 |
|---|---|
| Stock Code | 09609 |
| Company Full Name | 海伟股份 |
| Industry | New Energy |
| Principal Activities | major type of composite current collectors, which are a crucial component in batteries |
| Listing Date | 2025-11-28 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Headquarters and Principal Place of Jing County Economic and Technological Development Zone Business in the PRC Hengshui Hebei Province PRC Principal Place of Business in 40/F, Dah Sing Financial Cent |
| Business Address (Hong Kong) | 香港 灣仔 皇后大道東248 號 大新金融中心40 樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | haiwei.net |
| 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 B |
|---|---|
| Offer Price | HK$ 14.28 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 2,856 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2025-11-20 to 2025-11-25 |
| Global Offering Shares | 35,456,000 shares |
| HK Public Offer Shares (Initial) | 3,083,200 shares (8.7%) |
| Public Offer Lots (Initial) | 15,416lots (7,708lots, 7,708lots) |
| International Placing Shares (Initial) | 27,748,200 shares (91.3%) |
| Offer Ratio | ~22.94% |
| Total Shares Post-IPO | 154,543,287 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 42.7% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 506,311,680 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 2,856 |
| 2 lots | 400 | HK$ 5,712 |
| 3 lots | 600 | HK$ 8,568 |
| 4 lots | 800 | HK$ 11,424 |
| 5 lots | 1,000 | HK$ 14,280 |
| 6 lots | 1,200 | HK$ 17,136 |
| 7 lots | 1,400 | HK$ 19,992 |
| 8 lots | 1,600 | HK$ 22,848 |
| 9 lots | 1,800 | HK$ 25,704 |
| 10 lots | 2,000 | HK$ 28,560 |
| 15 lots | 3,000 | HK$ 42,840 |
| 20 lots | 4,000 | HK$ 57,120 |
| 25 lots | 5,000 | HK$ 71,400 |
| 30 lots | 6,000 | HK$ 85,680 |
| 35 lots | 7,000 | HK$ 99,960 |
| 40 lots | 8,000 | HK$ 114,240 |
| 45 lots | 9,000 | HK$ 128,520 |
| 50 lots | 10,000 | HK$ 142,800 |
| 100 lots | 20,000 | HK$ 285,600 |
| 150 lots | 30,000 | HK$ 428,400 |
| 200 lots | 40,000 | HK$ 571,200 |
| 250 lots | 50,000 | HK$ 714,000 |
| 300 lots | 60,000 | HK$ 856,800 |
| 350 lots | 70,000 | HK$ 999,600 |
| 400 lots | 80,000 | HK$ 1,142,400 |
| 450 lots | 90,000 | HK$ 1,285,200 |
| 500 lots | 100,000 | HK$ 1,428,000 |
| 1,000 lots | 200,000 | HK$ 2,856,000 |
| 1,500 lots | 300,000 | HK$ 4,284,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 400,000 | HK$ 5,712,000 |
| 2,500 lots | 500,000 | HK$ 7,140,000 |
| 3,000 lots | 600,000 | HK$ 8,568,000 |
| 3,500 lots | 700,000 | HK$ 9,996,000 |
| 4,000 lots | 800,000 | HK$ 11,424,000 |
| 4,500 lots | 900,000 | HK$ 12,852,000 |
| 5,000 lots | 1,000,000 | HK$ 14,280,000 |
| 6,000 lots | 1,200,000 | HK$ 17,136,000 |
| 7,708 lots | 1,541,600 | HK$ 22,014,048 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 2,206,878,138 |
|---|---|
| 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82.0百萬元（2024年） |
| Period-End Cash Balance | 人民币204,200,000元 |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 11.0 |
|---|---|
| First Day Open | HK$ 13.5 |
| First Day Change | -22.97% |
| First Day Volume | 16128800.0 |
| First Day Turnover | 220688000.0 |
Use of Proceeds
| Use of Proceeds | 1、約82.0%或318.9百萬港元（相當于約人民幣290.7百萬元）預期將用于進一步擴大產能； 2、約5.0%或19.4百萬港元（相當于約人民幣17.7百萬元）預期將用于提升研發能力； 3、約3.0%或11.7百萬港元（相當于約人民幣10.6百萬元）預期將用于銷售及營銷活動； 4、約10.0%或38.9百萬港元（相當于約人民幣35.4百萬元）預期將用作營運資金及用于其他一般企業用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
中国国际金融香港证券有限公司 CE AEN894(sole)
Overall Coordinators (3)
中国国际金融香港证券有限公司 CE AEN894(sole)
中信建投（国际）融资有限公司 CE BAU112
中信里昂证券有限公司 CE AAB893
Joint Global Coordinators (6)
中国国际金融香港证券有限公司 CE AEN894
中信建投（国际）融资有限公司 CE BAU112
中信里昂证券有限公司 CE AAB893
建银国际金融有限公司 CE AJO225
中银国际亚洲有限公司 CE AET863
汇智国际金融控股有限公司 CE ADZ820
Joint Bookrunners (8)
中国国际金融香港证券有限公司 CE AEN894
中信建投（国际）融资有限公司 CE BAU112
中信里昂证券有限公司 CE AAB893
建银国际金融有限公司 CE AJO225
中银国际亚洲有限公司 CE AET863
汇智国际金融控股有限公司 CE ADZ820
富途证券国际（香港）有限公司 CE AZT137
利弗莫尔证券有限公司 CE BJN764
Joint Lead Managers (8)
中国国际金融香港证券有限公司 CE AEN894
中信建投（国际）融资有限公司 CE BAU112
中信里昂证券有限公司 CE AAB893
建银国际金融有限公司 CE AJO225
中银国际亚洲有限公司 CE AET863
汇智国际金融控股有限公司 CE ADZ820
富途证券国际（香港）有限公司 CE AZT137
利弗莫尔证券有限公司 CE BJN764
Capital Market Intermediaries (8)
中国国际金融香港证券有限公司 CE AEN894
中信建投（国际）融资有限公司 CE BAU112
中信里昂证券有限公司 CE AAB893
建银国际金融有限公司 CE AJO225
中银国际亚洲有限公司 CE AET863
汇智国际金融控股有限公司 CE ADZ820
富途证券国际( 香港) 有限公司
利弗莫尔证券有限公司 CE BJN764
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
普衡律师事务所（香港）有限法律责任合伙 中伦律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
竞天公诚律师事务所有限法律责任合伙 通商律师事务所 |
| Auditor and Reporting Accountant | 德勤•关黄陈方会计师行 |
| Industry Advisor | 灼识企业管理咨询（上海）有限公司 |
| Receiving Banks |
中国建设银行（亚洲）股份有限公司 中国银行（香港）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 | 汇兴丽海有限公司 | 216,042,120 HKD | — | 42.67% | — | 6 months | 2026-05-28 |
Directors & Management
| Chairman | Mr. Song Wenlan |
|---|---|
| Company Secretary | Mr. Sheng Zhixuan |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | SUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, immediately following the completion of the Global Offering and the Conversion of Unlisted Shares into H Shares and assuming the Offer Size Adjustment Option and the Over-allotment Option are not exercised, the fol |
|---|
AI
AI Analysis
Market Sentiment
The IPO for 海伟股份 drew exceptional market enthusiasm, with an oversubscription ratio of 5,426 times and only a 10.69% overall hit rate, indicating intense competition for allocations. The offer was priced at HK$14.28 per share, likely at the top of the range given the demand. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable tier inefficiency appears between 甲尾 and 乙头: with 300,000 lots applied, 甲尾 applicants expected just 0.32 lots, while 乙头 applicants with 400,000 lots expected 0.6 lots — nearly double the allocation for only a 33% larger application. This sharp jump in efficiency suggests that broker fee structures may make the 乙头 tier more cost-effective on a per-lot basis, though actual costs vary. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland investors accounted for 65.5% of successful applicants, signaling robust cross-border demand, while Hong Kong-based investors made up 33.9%. The demographic profile skews male (60.3%), with an average age of 43.9, and typically shows concentration from Guangdong province. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Offering Structure
Subscription Tiers
IPO Timeline
