Core Insights - The AITO M9, co-developed by Seres and Huawei, has surpassed industry expectations, becoming a phenomenon in the luxury electric vehicle market with over 260,000 units delivered in 21 months [2][3] - The average transaction price of the AITO M9 is approximately 5.5 million yuan, contributing over 140 billion yuan to sales, which is about 1/13 of the projected retail total for China's new energy vehicle market in 2024 [2][3] Group 1: Product Performance - The AITO M9 has set a record for delivery speed in its class and has been the best-selling luxury SUV priced above 500,000 yuan for ten consecutive months [2] - The vehicle's Net Promoter Score (NPS) is 85.2, ranking first among new energy vehicles, with 38% of new owners coming from referrals by existing customers [2][3] Group 2: Technological Advantages - The AITO M9 features advanced technologies such as the QianKun Intelligent Driving ADS 4 system and the HarmonyOS 4 smart cockpit, enhancing user experience and comfort [3] - The vehicle offers impressive performance metrics, including a range of over 1,400 km for the extended range version and a 0-100 km/h acceleration time of just 4.3 seconds for the pure electric version [3] Group 3: Financial Performance - In 2024, Seres is projected to achieve total revenue of 145.176 billion yuan, with the AITO M9 contributing approximately 75 billion yuan, accounting for 51.7% of total revenue [4] - For the first three quarters of 2025, Seres reported revenue of 110.534 billion yuan and a net profit of 5.312 billion yuan, reflecting a year-on-year growth of 31.56% [4] Group 4: Market Recognition and Capital Attraction - The successful performance of the AITO M9 has significantly enhanced Seres' brand value, leading to a rise in its ranking among China's top 500 enterprises [4] - On November 5, Seres officially listed on the Hong Kong Stock Exchange, raising 14.016 billion HKD, marking it as the largest IPO for a car company in 2025 [5] Group 5: Global Expansion - Seres is focusing on global expansion, targeting markets in the Middle East and Europe, with the AITO M9 helping to reshape perceptions of Chinese automobiles abroad [5][6] - The company aims to transition from a leader in the Chinese high-end new energy market to a global leader in smart vehicles [6]

今日（12月1日）早盘，港股市场高开反弹。 热点板块方面，港股有色金属板块全线走强。其中，中国白银集团涨超12%，江西铜业股份涨超8%， 中国有色矿业、五矿资源、洛阳钼业涨超6%；黄金股集体走高，紫金矿业、中国黄金国际等涨超5%。 消息面，江西铜业公告称，公司拟收购境外上市公司索尔黄金。公告显示，公司向伦敦证券交易所上市 公司索尔黄金董事会提交了两项非约束性现金要约。最新一项非约束性现金要约拟以每股26便士（约合 人民币2.43元）的价格，收购目标公司全部股份。索尔黄金是一家矿产勘探及开发公司，总部位于澳大 利亚珀斯，核心资产为位于厄瓜多尔的Cascabel项目100%股权，此外，索尔黄金还在厄瓜多尔等地拥有 数十个不同阶段的勘探项目。 其他方面，盘面上，科网股涨多跌少，腾讯、网易涨超1%，阿里巴巴涨超2%，美团一度跌超2%；创新 药概念活跃，华昊中天医药涨超13%。 截至发稿，恒生指数报25945.87点，上涨86.98点，涨幅0.34%。 | 分时 5日 = 5分 15分 30分 60分 图形 周K 用K 年K + | ■製作 · 第 · 第 / : 恒生指數 (HSI) | | | | | | --- ...

Market Overview - The Hong Kong stock market opened higher on December 1, with the Hang Seng Index reporting 25,945.87 points, an increase of 86.98 points, or 0.34% [1] - The Hang Seng Technology Index also opened higher, reporting 5,617.67 points, with a gain of 0.33% [4] Company News - The Shenzhen Stock Exchange announced an adjustment to the Hong Kong Stock Connect securities list effective December 1, 2025, due to the end of the price stabilization period for Sirus (HK09927) and its A-share listing being active for 10 trading days [3] - Sirus opened over 4% higher today, reaching 120.90 HKD, with a gain of 5.13% [3] Sector Performance - The Hong Kong metals sector showed strong performance, with China Silver Group rising over 12%, Jiangxi Copper gaining over 8%, and other companies like China Nonferrous Mining and Minmetals Resources increasing over 6% [6] - Gold stocks also saw collective gains, with Zijin Mining and China Gold International rising over 5% [6] Strategic Insights - Huatai Securities indicated that the market is nearing a "bad news fully priced in" state, suggesting limited downside potential. They recommend focusing on sectors with improving fundamentals, particularly consumer goods and stable earnings in the pharmaceutical and internet sectors post-Q3 reports [9] - CITIC Securities believes that any short-term market declines could present better buying opportunities, advising a strategy focused on positioning for the year-end market [9] - Industrial and technological advancements are expected to remain priorities in China's high-quality transformation, with a focus on AI and domestic computing power industries benefiting from the "self-reliance in technology" narrative [10]

Group 1 - The stock of Seres (09927.HK) has increased by over 5%, specifically by 5.22%, reaching a price of 121 HKD [1] - The trading volume for Seres has amounted to 90.25 million HKD [1]

Core Viewpoint - Seres Holdings (09927) has seen a stock price increase of over 5%, currently trading at 121 HKD, with a transaction volume of 90.25 million HKD, following the announcement of its inclusion in the Hong Kong Stock Connect program effective December 1, 2025 [1] Group 1 - The Shanghai and Shenzhen Stock Exchanges announced that Seres will be added to the Hong Kong Stock Connect list due to the end of its price stabilization period in the Hong Kong market and its A-share listing being active for over 10 trading days [1] - Huachuang Securities reported that Seres has shown steady improvement in its fundamentals this year, with its "Wenjie" brand becoming a leading high-end SUV brand, demonstrating strong sales and product matrix performance [1] - The company is actively expanding into overseas markets and is positioning itself in the embodied intelligence industry, which is expected to provide momentum for its long-term development [1]

Core Viewpoint - The stock of Seres (09927.HK) has increased by 4.35% as of the report date, following an announcement from the Shenzhen Stock Exchange regarding adjustments to the list of eligible securities for the Hong Kong Stock Connect program, effective December 1, 2025 [1] Group 1 - The Shenzhen Stock Exchange has released an announcement about the adjustment of the eligible securities list under the Hong Kong Stock Connect program [1] - The adjustment is due to Seres completing its price stabilization period in the Hong Kong market and having been listed on the A-share market for more than 10 trading days [1] - The changes to the eligible securities list will take effect starting December 1, 2025 [1]

每经AI快讯，12月1日，深交所公告，港股通标的证券名单调整，调入赛力斯（09927），12月1日起生 效。 （文章来源：每日经济新闻） ...

智通财经APP获悉，深交所公告，因赛力斯(09927)在香港市场价格稳定期结束且相应A股上市满10个交易日，根据《深圳证券交易所深港通业务实施办法》 的有关规定，港股通标的证券名单发生调整并自2025年12月01日起生效，调入赛力斯。 | 代码 | 简称 | 调整方向 | | --- | --- | --- | | 09927 | 赛力斯 | 调) | ...

12月1日，深交所发布关于深港通下的港股通标的证券名单调整的公告。因赛力斯（09927）在香港市场 价格稳定期结束且相应A股上市满10个交易日，根据《深圳证券交易所深港通业务实施办法》的有关规 定，港股通标的证券名单发生调整并自2025年12月01日起生效。 MACD金叉信号形成，这些股涨势不错！ ...

Core Viewpoint - The stabilization period for the global offering of Seres (09927) has ended on November 30, 2025, which is 30 days after the deadline for submitting the application for public offering in Hong Kong [1] Summary by Relevant Sections - **Stabilization Actions**: During the stabilization period, the stabilization agent, China International Capital Corporation Hong Kong Securities Limited, and its affiliates took the following actions: (1) An overallotment of 16.2928 million H-shares was made, representing approximately 15.0% of the total shares available for subscription under the global offering, adjusted for the exercise of the over-allotment option but before the exercise of the overallotment right [1] (2) A total of 16.2928 million H-shares were continuously purchased in the market at prices ranging from HKD 109.60 to HKD 131.50 per H-share [1] - **Final Purchase Details**: The last purchase during the stabilization period occurred on November 28, 2025, at a price of HKD 116.30 per H-share [1] - **Overallotment Rights**: The overall coordinator, representing the international underwriters, did not exercise the overallotment rights during the stabilization period, and these rights expired on November 30, 2025 [1]