Company Overview
| Stock Name | Sensetime-W |
|---|---|
| Stock Code | 00020 |
| Company Full Name | To be extracted |
| Industry | Information 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 Date | 2021-12-30 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | 8A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 Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.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 Listing | No |
Offering Information
| Offering Mechanism | Mechanism A |
|---|---|
| Offer Price | HK$ 3.85 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 1,000 shares |
| Entry Threshold | HK$ 3,850 |
| Par Value | To be extracted |
| Offer Period | 2021-12-07 to 2021-12-10 |
| Global Offering Shares | 1,500,000,000 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-IPO | 33,282,400,000 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 68.9% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 5,775,000,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 1,000 | HK$ 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 Subscribed | Shares Subscribed | Subscription 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 Balance | To be extracted |
| Listing Expenses | ~HK$ 225,000,000 |
| Listing Expenses / Funds Raised | ~3.9% |
| Total Pre-IPO Investment | To be extracted |
Financial Data
Unit:
'000
RMB
Income Statement
| Item | 2018 | 2019 | 2020 |
|---|---|---|---|
| Revenue | 1,853,422 | 3,026,603 | 3,446,165 |
| Cost of sales | -806,606 | -1,307,439 | -1,014,081 |
| Gross profit | 1,046,816 | 1,719,164 | 2,432,084 |
| Other income and gains, net | 181,054 | 87,328 | 858,098 |
| 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 | 75,835 | 118,185 | 62,393 |
| 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 | 2018 | 2019 | 2020 | 2021-06 |
|---|---|---|---|---|
| Cash and cash equivalents | 7,227,109 | 6,672,914 | 11,427,871 | |
| Trade and bills receivables | 1,467,162 | 4,678,093 | 4,583,548 | |
| Inventories | 117,286 | 430,059 | 715,521 | |
| Total current assets | 13,754,732 | 18,231,166 | 31,726,066 | |
| Total assets | 16,948,113 | 23,948,047 | 38,478,637 | |
| Total current liabilities | 3,147,519 | 6,855,803 | 9,822,390 | |
| Total liabilities | 22,312,619 | 34,602,346 | 59,411,177 | |
| 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 | 1,557,241 | 3,356,526 | 1,016,561 | 621,917 |
Cash Flow Statement
| Item | 2018 | 2019 | 2020 | 2021-06 |
|---|---|---|---|---|
| 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 | 8,798,887 | 3,772,558 | 13,185,642 | |
| Net increase in cash | 4,941,232 | -724,757 | 4,886,357 | |
| 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 Close | Loading... |
|---|---|
| First Day Open | HK$ 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)
Overall Coordinators (6)
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 Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. 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
| Position | Chinese name | English 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%)。 |
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