<p>[香港] 寧德時代（CATL）最新的股票發行以 5.1% 的折扣定價，認購倍數超過兩倍。這凸顯了投資者對該股票的強烈需求，即使在這家電池製造商今年股價上漲 20% 之後。</p>
<p>根據深圳證券交易所的文件，此次詢價發行 5800 萬股，佔寧德時代總股本的 1.27%，定價為每股 410.34 元（4 月 20 日）。此次發行吸引了 50 家機構投資者的競標。相比之下，去年 11 月的類似交易折扣為 6.9%。</p>
<p>在交易細節公佈後，寧德時代的股價在香港上漲了最多 6.1%，創下新高，在深圳交易時上漲最多 3.6%，此次交易價值 238 億元人民幣（44 億新元）。</p>
<p>中國的科技和電池股票正在經歷一波猛烈的上漲，創業板指數在過去一年上漲了 87%，並最近達到了 11 年來的最高點。由於中東地緣政治緊張局勢導致油價飆升，能源存儲股票近期也獲得了動力。</p>
<p>行業內一些公司正在藉助香港強勁的股票銷售熱潮，包括 Nvidia 供應商勝利巨頭科技惠州、能源存儲設備製造商 Sigenergy Technology 和機器人軟件獨角獸 Manycore Tech 等公司的火熱上市。</p>
<p>與其他交易相比，寧德時代的最新發行吸引了相對較強的興趣。Sharetronic Data Technology 的一位大股東此前以 24% 的折扣出售了股票，儘管該發行也被超額認購超過兩倍。同時，北京 Compass Technology Development 以 14% 的折扣交易 1200 萬股，依據文件顯示。</p>
<p>另見</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/bc59c0db849122fd3078339b67795802f73d74373c2dfa62ef09adcfbe18ce84/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/bc59c0db849122fd3078339b67795802f73d74373c2dfa62ef09adcfbe18ce84/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>寧德時代在市場價值上超越中國石油，綠色投資加速</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1c32a57bf73bd30c084f7bc4c153276ef9bdbca78f4ca97053ba5dab57d1c88e/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1c32a57bf73bd30c084f7bc4c153276ef9bdbca78f4ca97053ba5dab57d1c88e/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>寧德時代撥款 300 億元用於關鍵礦產安全，第一季度利潤激增 49%</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/4311c4069c231efef980a0319f648387b1e5a3a2c2942d73fd76493eec66419d/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/4311c4069c231efef980a0319f648387b1e5a3a2c2942d73fd76493eec66419d/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>據悉寧德時代考慮在香港進行高達 50 億美元的股票發行</h3>
<h3>在新的全球秩序中導航亞洲</h3>
<p>獲取洞察信息，直接送達您的郵箱。</p>
<p>基於詢價的股權轉讓通常有六個月的鎖定期，這意味着參與之前發行的投資者將在下個月可以自由退出其持倉。這種轉讓是一種結構渠道，通常被早期投資者在岸上使用，以減少持股而不對二級市場施加壓力。</p>
<p>“這些基於詢價的股權轉讓完全由市場驅動，清晰反映了投資者情緒，折扣差異很大，” 山東駱駝資產管理的基金經理杜克軍表示。“對於像寧德時代這樣的行業領導者，狹窄的折扣反映了機構對六個月後的信心，而香港日益增強的溢價則支持了有進一步上漲空間的觀點。” 彭博社</p>
<p>解碼亞洲通訊：您在新的全球秩序中導航亞洲的指南。點擊此處註冊以獲取解碼亞洲通訊，直接送達您的郵箱，免費。</p>

寧德時代

<p>寧德時代（CATL）最近的股票出售以 5.1% 的折扣定價，認購倍數超過兩倍，顯示出投資者的強烈興趣，儘管今年股價已上漲 20%。此次出售涉及 5800 萬股，定價為每股 410.34 元，籌集了 238 億元。公告發布後，寧德時代的股價大幅上漲，反映出市場對科技和電池行業的信心，該行業已實現顯著增長。與之前的銷售相比，較小的折扣表明機構對寧德時代未來表現的信心，尤其是在能源存儲股票市場蓬勃發展的背景下</p>

<p>[HONG KONG] Contemporary Amperex Technology’s (CATL) latest share sale – priced at a 5.1 per cent discount – was more than twice subscribed. That underscores strong investor appetite for the stock even after the battery maker’s 20 per cent rally this year.</p>
<div class="lb-trans"><p>[香港] 寧德時代（CATL）最新的股票發行以 5.1% 的折扣定價，認購倍數超過兩倍。這凸顯了投資者對該股票的強烈需求，即使在這家電池製造商今年股價上漲 20% 之後。</p>
</div><p>The inquiry‑based sale of 58 million shares, or 1.27 per cent of CATL’s total shares, was priced at 410.34 yuan apiece on Monday (Apr 20) following bids from 50 institutional investors, according to a filing with the Shenzhen Stock Exchange. That compares with a 6.9 per cent discount in a similar transaction in November.</p>
<div class="lb-trans"><p>根據深圳證券交易所的文件，此次詢價發行 5800 萬股，佔寧德時代總股本的 1.27%，定價為每股 410.34 元（4 月 20 日）。此次發行吸引了 50 家機構投資者的競標。相比之下，去年 11 月的類似交易折扣為 6.9%。</p>
</div><p>CATL shares surged as much as 6.1 per cent to a record in Hong Kong and traded as much as 3.6 per cent higher in Shenzhen following the announcement of the details of the deal worth 23.8 billion yuan (S$4.4 billion).</p>
<div class="lb-trans"><p>在交易細節公佈後，寧德時代的股價在香港上漲了最多 6.1%，創下新高，在深圳交易時上漲最多 3.6%，此次交易價值 238 億元人民幣（44 億新元）。</p>
</div><p>China’s technology and battery stocks have been on a blistering rally, with the ChiNext Index up 87 per cent over the past year and recently reaching an 11-year high. Energy storage stocks have gained momentum recently as geopolitical tensions in the Middle East drove a jump in oil prices.</p>
<div class="lb-trans"><p>中國的科技和電池股票正在經歷一波猛烈的上漲，創業板指數在過去一年上漲了 87%，並最近達到了 11 年來的最高點。由於中東地緣政治緊張局勢導致油價飆升，能源存儲股票近期也獲得了動力。</p>
</div><p>Some companies in the industry are riding the frenzy to strong share sales in Hong Kong, including sizzling debuts by companies such as Nvidia supplier Victory Giant Technology Huizhou, energy storage equipment maker Sigenergy Technology and robotics software unicorn Manycore Tech.</p>
<div class="lb-trans"><p>行業內一些公司正在藉助香港強勁的股票銷售熱潮，包括 Nvidia 供應商勝利巨頭科技惠州、能源存儲設備製造商 Sigenergy Technology 和機器人軟件獨角獸 Manycore Tech 等公司的火熱上市。</p>
</div><p>Compared with other transactions, CATL’s latest sale attracted relatively strong interest. A large shareholder in Sharetronic Data Technology earlier sold shares at a 24 per cent discount, despite the offering also being more than twice oversubscribed. Meanwhile, 12 million shares is changing hands in Beijing Compass Technology Development at a 14 per cent discount, according to a filing.</p>
<div class="lb-trans"><p>與其他交易相比，寧德時代的最新發行吸引了相對較強的興趣。Sharetronic Data Technology 的一位大股東此前以 24% 的折扣出售了股票，儘管該發行也被超額認購超過兩倍。同時，北京 Compass Technology Development 以 14% 的折扣交易 1200 萬股，依據文件顯示。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另見</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/bc59c0db849122fd3078339b67795802f73d74373c2dfa62ef09adcfbe18ce84/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/bc59c0db849122fd3078339b67795802f73d74373c2dfa62ef09adcfbe18ce84?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>CATL overtakes PetroChina in market value as green bets ramp up</h3>
<div class="lb-trans"><h3>寧德時代在市場價值上超越中國石油，綠色投資加速</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1c32a57bf73bd30c084f7bc4c153276ef9bdbca78f4ca97053ba5dab57d1c88e/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/1c32a57bf73bd30c084f7bc4c153276ef9bdbca78f4ca97053ba5dab57d1c88e?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>CATL earmarks 30 billion yuan for critical minerals security as Q1 profits surge 49%</h3>
<div class="lb-trans"><h3>寧德時代撥款 300 億元用於關鍵礦產安全，第一季度利潤激增 49%</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/4311c4069c231efef980a0319f648387b1e5a3a2c2942d73fd76493eec66419d/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/4311c4069c231efef980a0319f648387b1e5a3a2c2942d73fd76493eec66419d?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>CATL is said to consider up to US$5 billion share sale in Hong Kong</h3>
<div class="lb-trans"><h3>據悉寧德時代考慮在香港進行高達 50 億美元的股票發行</h3>
</div><h3>Navigate Asia in  a new global order</h3>
<div class="lb-trans"><h3>在新的全球秩序中導航亞洲</h3>
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<div class="lb-trans"><p>獲取洞察信息，直接送達您的郵箱。</p>
</div><p>Inquiry‑based stake transfers usually carry a six‑month lock‑up, meaning that investors who participated in the previous sale will be free to exit their positions next month. Such transfers are a channel structure often used onshore by early investors to reduce holdings without adding pressure to the secondary market.</p>
<div class="lb-trans"><p>基於詢價的股權轉讓通常有六個月的鎖定期，這意味着參與之前發行的投資者將在下個月可以自由退出其持倉。這種轉讓是一種結構渠道，通常被早期投資者在岸上使用，以減少持股而不對二級市場施加壓力。</p>
</div><p>“These inquiry‑based stake transfers are fully market‑driven and offer a clear read on investor sentiment, with discounts varying widely,” said Du Kejun, a fund manager at Shandong Camel Asset Management. “For an industry leader like CATL, the narrow discount reflects institutional confidence six months out, while the strengthening premium in Hong Kong underpins the view that there is room to run.” BLOOMBERG</p>
<div class="lb-trans"><p>“這些基於詢價的股權轉讓完全由市場驅動，清晰反映了投資者情緒，折扣差異很大，” 山東駱駝資產管理的基金經理杜克軍表示。“對於像寧德時代這樣的行業領導者，狹窄的折扣反映了機構對六個月後的信心，而香港日益增強的溢價則支持了有進一步上漲空間的觀點。” 彭博社</p>
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<div class="lb-trans"><p>解碼亞洲通訊：您在新的全球秩序中導航亞洲的指南。點擊此處註冊以獲取解碼亞洲通訊，直接送達您的郵箱，免費。</p>
</div>

寧德時代股票銷售折扣的收緊顯示了中國科技行業的勢頭