On August 31, according to A person familiar with the matter, Geely will file the technology Innovation Board prospectus this week, officially starting the step of returning to the A-share listing.

       Last Friday night, the official website of Zhejiang Securities Regulatory Bureau disclosed that cicC and Huatai's joint guidance on the listing of Geely Automobile Holding Co., Ltd. has been completed recently, and the ipo prospectus will be formally submitted at a later date. This means that Geely Auto will officially launch an attack on "The first unit of the Whole Vehicle of KEChuang Board".

        In August, Geely Auto disclosed its interim report for 2020. In the first half of this year, Geely's total revenue was 36.82 billion yuan, down 23% during the period; Net profit was 2.32 billion yuan, down 43% from a year earlier.

       In terms of sales volume, geely auto sold a total of 530,000 vehicles (including sales of Lynk & Co brand vehicles) in the first half of the year, down 19% year on year. Despite the decline, Geely auto remained the largest of all Chinese own-brand passenger car makers by sales volume, with a market share of 6.5 per cent, up from 6.1 per cent at the start of the year.

       In late April, the China Securities Regulatory Commission (CSRC) issued A notice on the arrangement for the listing of pilot red-chip Enterprises in China, which lowered the market value threshold for those listed overseas to 20 billion yuan, compared with the previous requirement that the market value must be above 200 billion yuan.

       According to public records, Keeley landed on the Hong Kong stock exchange in 2005. After years of development, Geely Auto is now the leader among domestic independent brands. Now, Geely is expected to be one of the first vehicle companies to return to a-shares.

      According to Geely, the simultaneous listing of A-shares and Hong Kong is conducive to better utilizing the resources of grafting international and domestic markets to facilitate Geely's technology transformation and long-term future development. Opening up financing channels in domestic A-share capital market is conducive to further diversification of financing methods, optimization of capital structure, effective enhancement of the company's capital strength, and replenishment of the company's future layout of the "new four modernizations" and other strategic development funds.

      In recent years, Geely continues to promote the transformation of science and technology, in the "electric, intelligent, networking, sharing" comprehensive layout. Product platform strategy, strategy of "safety first", energy diversification and intelligent technology development strategy, released a technology brand "iNTEC human intelligence driving technology", "GKUI" guest intelligent ecological system, the auto safety, health, ecology, new energy, smart grid and the development of the automatic driving as a core technology strategy field.

      At the same time, Geely established a joint venture through cao Cao travel layout and Daimler Travel Services to explore the development of Shared travel; We will work with China Telecom to carry out extensive and in-depth cooperation in core areas such as Chejia Internet, cloud computing and big data, 5G, V2X and edge computing.