03881 希迪智駕
CIDI
CIDI
| Register Close | 2025/12/16 IPO Closing in 3 Days |
| Listing Date | 2025/12/19 |
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IPO Detail
COMPANY PROFILE
CiDi Inc. is a provider of intelligent driving products and solutions for commercial vehicles in China. The Group focuses on the research and development of closed-environment autonomous driving trucks for mining and logistics, V2X (vehicle-to-everything) technologies and intelligent perception solutions, and offers products and solutions underpinned by proprietary technologies.
According to the report, the Group ranked sixth among all commercial vehicle intelligent driving companies in China including Hong Kong, Macau and Taiwan, with a market share of approximately 5.2%. The Group delivered the first fully driverless electric mining fleet in China and it is among the first intelligent driving companies in China to launch commercial V2X products. The Group ranked third in China autonomous mining truck solution market in terms of revenue in 2024.
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As of June 30, 2025, the Group delivered 304 autonomous mining trucks and 110 sets of standalone autonomous truck systems, and received indicative orders for 357 autonomous mining trucks and 290 sets of standalone autonomous truck systems.
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The Group’s major customers include mine owners and operators, government entities and universities, commercial vehicle manufacturers, and other corporate customers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 10 |
GLOBAL OFFERING
| No. of Offer Shares | 5.41M H shares |
| No. of International Offer Shares | 5.14M H shares |
| No. of HK Offer Shares | 0.27M H shares |
| Offer Price | $263.00 |
| Stock Code | 3881 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, China Securities (International) Corporate Finance Company Limited, Ping An of China Capital (Hong Kong) Company Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, China Securities (International) Corporate Finance Company Limited, Ping An Securities (Hong Kong) Company Limited, ABCI Securities Company Limited, Funde Securities Limited, Guosen Securities (HK) Brokerage Company, Limited, ICBC International Securities Limited, China Everbright Securities (HK) Limited, Winbull Securities International (HK) Limited, Livermore Holdings Limited, Shenwan Hongyuan Securities (H.K.) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Dec 11 (Thu) - noon, Dec 16 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Dec 18 (Thu) |
| Result Announcement Date | On or before Dec 18 (Thu) |
| Result Announcement Date | On or before Dec 19 (Fri) |
| Dealings in Shares commence on | Dec 19, 2025. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $263.00 |
| Capitalization (H Shares) | 11.16B |
| NAV / share ($) | $46.89 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 263, the net proceeds raised would be HKD 1.31B, of which |
| 55% : Research and development in the next five years |
| 15% : Improvement of commercialization capabilities in China and overseas and further strengthening cooperation with domestic and global customers |
| 20% : Potential investment, and merger and acquisition opportunities aimed at further integrating upstream and downstream resources in the industrial chain |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).