In today’s briefing:
- Didi Global Q424 Results: Another Set of Solid Numbers from China’s Ride Hailing Giant
- Jiangsu Zenergy Battery Technologies Pre- IPO – The Positives – Brisk Volume-Led Growth
- ECM Weekly (24th Mar 2025) -JX Advance, DN Solutions, Nanshan Aluminimum, Anthem, EAAA, Judo Capital
Didi Global Q424 Results: Another Set of Solid Numbers from China’s Ride Hailing Giant
- Most key P&L items and revenue drivers improved Y/Y and sequentially vs Q324
- Although GTV per transaction dipped slightly, estimated “take rate” improved in Q424
- Strong OpCF obviates need for quick FY25 IPO — but it could still happen this year
Jiangsu Zenergy Battery Technologies Pre- IPO – The Positives – Brisk Volume-Led Growth
- Jiangsu Zenergy Battery Technologies (JSZENERGY CH) (Zenergy) is looking to raise up to US$300m in its upcoming HK IPO.
- Zenergy is an EV and energy storage system battery manufacturer providing integrated battery solutions, encompassing battery cells, modules, packs and battery management systems dedicated to large-scale applications of electrochemical products.
- In this note, we talk about the positive aspects of the deal.
ECM Weekly (24th Mar 2025) -JX Advance, DN Solutions, Nanshan Aluminimum, Anthem, EAAA, Judo Capital
- Aequitas Research’s weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
- On the IPO front, JX Advanced Metals (5016 JP) managed to hold on to its deal price, riding on the copper price resurgance.
- On the placements front, Judo Capital (JDO AU) was the only largish deal over the past week.
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