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Company Overview

Stock NameSensetime-W
Stock Code00020
Company Full NameTo be extracted
IndustryInformation Technology
Principal Activities專注於計算機視覺技術、賦能百業的人工智能軟件公司,利用人工智能軟件平台協助客戶增強生產力、激發創造力及提升經營效率,業務涵蓋智慧商業、智慧城市、智慧生活及智能汽車等領域。
Listing Date2021-12-30
Listing Rules EraOld Rules
Listing Rules Chapter8A不同投票权
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)上海市徐匯區虹梅路1900號
Business Address (Hong Kong)香港沙田香港科學園科技大道東12號海濱大樓1座2樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitewww.sensetime.com
Share Registrar香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited)
Registrar Contact(852)2862 8628
A-Share/US Dual ListingNo

Offering Information

Offering Mechanism Mechanism A
Offer PriceHK$ 3.85 / shares
Offer Price RangeFinal offer price only, no range
Lot Size1,000 shares
Entry ThresholdHK$ 3,850
Par ValueTo be extracted
Offer Period2021-12-07 to 2021-12-10
Global Offering Shares1,500,000,000 shares
HK Public Offer Shares (Initial)150,000,000 shares (10.0%)
Public Offer Lots (Initial)150,000lots (Pool A75,000lots,Pool B75,000lots)
International Placing Shares (Initial)1,350,000,000 shares (90.0%)
Offer Ratio~10.0%
Total Shares Post-IPO33,282,400,000 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share68.9%
Clawback TiersTo be extracted
Reallocation OptionYes
Total Global Offering SizeHK$ 5,775,000,000

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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 1,000 HK$ 3,850
2 lots 2,000 HK$ 7,700
3 lots 3,000 HK$ 11,550
4 lots 4,000 HK$ 15,400
5 lots 5,000 HK$ 19,250
6 lots 6,000 HK$ 23,100
7 lots 7,000 HK$ 26,950
8 lots 8,000 HK$ 30,800
9 lots 9,000 HK$ 34,650
10 lots 10,000 HK$ 38,500
15 lots 15,000 HK$ 57,750
20 lots 20,000 HK$ 77,000
25 lots 25,000 HK$ 96,250
30 lots 30,000 HK$ 115,500
35 lots 35,000 HK$ 134,750
40 lots 40,000 HK$ 154,000
45 lots 45,000 HK$ 173,250
50 lots 50,000 HK$ 192,500
60 lots 60,000 HK$ 231,000
70 lots 70,000 HK$ 269,500
80 lots 80,000 HK$ 308,000
90 lots 90,000 HK$ 346,500
100 lots 100,000 HK$ 385,000
200 lots 200,000 HK$ 770,000
300 lots 300,000 HK$ 1,155,000
400 lots 400,000 HK$ 1,540,000
500 lots 500,000 HK$ 1,925,000
600 lots 600,000 HK$ 2,310,000
700 lots 700,000 HK$ 2,695,000
800 lots 800,000 HK$ 3,080,000
900 lots 900,000 HK$ 3,465,000
1,000 lots 1,000,000 HK$ 3,850,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
2,000 lots 2,000,000 HK$ 7,700,000
3,000 lots 3,000,000 HK$ 11,550,000
4,000 lots 4,000,000 HK$ 15,400,000
5,000 lots 5,000,000 HK$ 19,250,000
6,000 lots 6,000,000 HK$ 23,100,000
7,000 lots 7,000,000 HK$ 26,950,000
8,000 lots 8,000,000 HK$ 30,800,000
10,000 lots 10,000,000 HK$ 38,500,000
20,000 lots 20,000,000 HK$ 77,000,000

Stock Connect Inclusion Analysis

HK Market Cap HK$ 68.38B
Analysis Result Already included in Stock Connect (both)

Valuation & Financials

Market Cap (at Offer Price)HK$ 130,467,008,000
Pre-IPO Valuation (Last Round)Not disclosed
P/E Ratio不適用(公司處於虧損狀態)
Profit/Loss Status虧損人民幣12,158.3百萬元
Period-End Cash BalanceTo be extracted
Listing Expenses~HK$ 225,000,000
Listing Expenses / Funds Raised~3.9%
Total Pre-IPO InvestmentTo be extracted

Financial Data

Unit: '000 RMB
Income Statement
Item 201820192020
Revenue 1,853,4223,026,6033,446,165
Cost of sales -806,606-1,307,439-1,014,081
Gross profit 1,046,8161,719,1642,432,084
Other income and gains, net 181,05487,328858,098
Selling and distribution expenses -204,677-453,201-536,521
Administrative expenses -452,484-765,720-1,589,519
Operating profit -338,791-1,606,484-1,811,778
Net finance costs 75,835118,18562,393
Share of associates and JVs -11,317-3,021-6,055
Profit before tax -3,456,245-5,172,861-12,319,017
Income tax expense -23,496-205,169-160,670
Profit for the year -3,432,749-4,967,692-12,158,347
Profit attributable to owners -3,427,778-4,962,548-12,158,193
Balance Sheet
Item 2018201920202021-06
Cash and cash equivalents 7,227,1096,672,91411,427,871
Trade and bills receivables 1,467,1624,678,0934,583,548
Inventories 117,286430,059715,521
Total current assets 13,754,73218,231,16631,726,066
Total assets 16,948,11323,948,04738,478,637
Total current liabilities 3,147,5196,855,8039,822,390
Total liabilities 22,312,61934,602,34659,411,177
Total equity -5,364,506-10,654,299-20,932,540
Equity attributable to owners -5,368,136-10,790,146-21,068,233
Interest-bearing borrowings 1,557,2413,356,5261,016,561621,917
Cash Flow Statement
Item 2018201920202021-06
Net cash from operating activities -749,732-2,869,417-1,228,813
Net cash from investing activities -3,107,923-1,627,898-7,070,472
Net cash from financing activities 8,798,8873,772,55813,185,642
Net increase in cash 4,941,232-724,7574,886,357
Purchase of PP&E -477,918-776,982-1,209,757-378,212
Income Statement
Balance Sheet
Cash Flow Statement
Source: Accountants' Report and Audited Consolidated Financial Statements
First Day CloseLoading...
First Day OpenHK$ 3.91
First Day Change-51.69%
Use of Proceeds
1、約60.0%或3,331百萬港元將用于為未來一至兩年增強研發能力; 2、約15.0%或833百萬港元將用于投資新興商業機會以及提高產品及服務在國內外各垂直行業及情景的采用率及滲透率; 3、約15.0%或833百萬港元將用于尋求戰略投資及收購機會; 4、約10.0%或555百萬港元將用作運營資金及一般企業用途。

Underwriting Syndicate

Joint Sponsors (3)
China International Capital Corporation Hong Kong Securities Limited CE AEN894 海通国际资本有限公司 CE ADQ859 香港上海汇丰银行有限公司 CE AAA523
Overall Coordinators (6)
China International Capital Corporation Hong Kong Securities Limited CE AEN894 海通国际证券有限公司 CE AAF806 香港上海汇丰银行有限公司 CE AAA523 DBS ASIA CAPITAL LIMITED CE AAE430 CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650 CMB International Capital Limited CE AVM940
Joint Bookrunners (17)
China International Capital Corporation Hong Kong Securities Limited CE AEN894 海通国际证券有限公司 CE AAF806 香港上海汇丰银行有限公司 CE AAA523 DBS ASIA CAPITAL LIMITED CE AAE430 CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650 CMB International Capital Limited CE AVM940 BOCI ASIA LIMITED CE AET863 建银国际金融有限公司 CE AJO225 国泰君安证券(香港)有限公司 CE ABY236 UOB KAY HIAN (HONG KONG) LIMITED CE AAW261 BOCOM International Securities Limited CE APJ121 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 Finloop Finance Limited CE BIN669 ABCI Securities Company Limited CE ACX411 ORIENT SECURITIES (HONG KONG) LIMITED CE AVD362 Futu Securities International (HONG KONG) Limited CE AZT137 清科证券有限公司 CE BNF723
Joint Lead Managers (17)
China International Capital Corporation Hong Kong Securities Limited CE AEN894 海通国际证券有限公司 CE AAF806 香港上海汇丰银行有限公司 CE AAA523 DBS ASIA CAPITAL LIMITED CE AAE430 CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650 CMB International Capital Limited CE AVM940 BOCI ASIA LIMITED CE AET863 建银国际金融有限公司 CE AJO225 国泰君安证券(香港)有限公司 CE ABY236 UOB KAY HIAN (HONG KONG) LIMITED CE AAW261 BOCOM International Securities Limited CE APJ121 ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299 Finloop Finance Limited CE BIN669 ABCI Securities Company Limited CE ACX411 ORIENT SECURITIES (HONG KONG) LIMITED CE AVD362 Futu Securities International (HONG KONG) Limited CE AZT137 清科证券有限公司 CE BNF723

Cornerstone Investors

#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 国盛海外控股(香港)有限公司 565,441,800 HKD — 9.79% — 6 months 2022-06-30
2 国泰君安证券投资(香港)有限公司 296,369,150 HKD — 5.13% — 6 months 2022-06-30
3 上海汽车香港投资有限公司 233,972,200 HKD — 4.05% — 6 months 2022-06-30
4 上海人工智能产业股权投资基金合伙企业(有限合伙) 46,792,900 HKD — 0.81% — 6 months 2022-06-30
5 上海徐汇资本投资有限公司 1,158,322,550 HKD — 20.06% — 6 months 2022-06-30
6 泰州市文化旅游发展集团有限公司 39,597,250 HKD — 0.69% — 6 months 2022-06-30
7 希玛眼科医疗控股有限公司 38,992,800 HKD — 0.68% — 6 months 2022-06-30
8 香港科技园创投基金 38,992,800 HKD — 0.68% — 6 months 2022-06-30
9 中国国有企业混合所有制改革基金有限公司 1,559,839,050 HKD — 27.01% — 6 months 2022-06-30

Directors & Management

PositionChinese nameEnglish Name
Chairman徐立—
Company Secretary林潔敏、黃慧兒—
No director data available.

Major Shareholders

Major Shareholders & Holdings湯曉鷗透過Amind持有6,906,080,602股A類股份及間接控制1,891,820,000股B類股份,佔已發行股本約26.43%,為控股股東;SVF Sense (Singapore) Pte. Ltd.持有4,730,521,397股B類股份(約14.21%);淘寶中國控股有限公司持有2,411,030,000股B類股份(約7.24%)。
About this page

This page shows Sensetime-W (00020) prospectus details: offer price range, fundraise size, cornerstone investors, greenshoe, Pool A/B allocation and syndicate. For eligible IPOs it also provides a Stock Connect inclusion analysis, indicating the pathway and estimated timing for Southbound Connect admission; for A-share / US secondary listings, it additionally compares the other market's price, exchange rate and the H-share premium/discount. Data is parsed from the HKEX prospectus and related announcements. New to IPO subscription? See Hong Kong IPO Subscription 101.

Cibo — HK IPO Allotment Forecasts, Allottee Profiling & Stock Connect