（股份代號：9927） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列賽力斯集團股份有限公司在上海證券交易所網站刊登的《賽力斯集團股份 有限公司非執行董事減持股份計劃公告》，僅供參閱。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Seres Group Co., Ltd. 賽力斯集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 承董事會命 賽力斯集團股份有限公司 董事長兼執行董事 張正萍先生 香港，2025年12月5日 於本公告日期，本公司董事為：(i)執行董事張正萍先生、尹先知先生、申薇女士 及張正源先生；(ii)非執行董事張克邦先生、尤崢先生、李瑋先生及周昌玲先生； 及(iii)獨立非執行董事李開國先生、張國林先生、景旭峰先生、黎明先生及魏明 德先生。 证券代码：601127 证券简称：赛力斯 公告编号：2025-099 赛力斯集团股份有限公司 非执行董事减持股份计划公告 本公司董事 ...

（股份代號：9927） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列賽力斯集團股份有限公司在上海證券交易所網站刊登的《賽力斯集團股份 有限公司關於控股股東非公開發行可交換公司債券發行完成的公告》，僅供參閱。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Seres Group Co., Ltd. 賽力斯集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 香港，2025年12月5日 於本公告日期，本公司董事為：(i)執行董事張正萍先生、尹先知先生、申薇女士 及張正源先生；(ii)非執行董事張克邦先生、尤崢先生、李瑋先生及周昌玲先生； 及(iii)獨立非執行董事李開國先生、張國林先生、景旭峰先生、黎明先生及魏明 德先生。 证券代码：601127 证券简称：赛力斯 公告编号：2025-100 赛力斯集团股份有限公司 承董事會命 賽力斯集團股份有限公司 董事長兼執行董事 張正萍先生 2025 年 ...

Group 1: Hong Kong IPO Market Overview - In November 2025, the Hong Kong Stock Exchange saw 12 companies successfully listed, raising approximately HKD 40.401 billion, marking the third-highest fundraising scale of the year [1] - The leading sectors for fundraising included automotive manufacturing, autonomous driving, biotechnology, and software services, indicating strong international capital confidence in China's leading enterprises in new energy and AI [2][4] - Notable contributions to the fundraising total came from companies such as Seres (HKD 14.283 billion), Pony.ai (HKD 6.707 billion), and Innovation International (HKD 5.495 billion), which together accounted for over 65.56% of the total [2] Group 2: Upcoming IPOs and Market Activity - A total of 55 companies submitted IPO applications in November, with 11 companies initiating their offering process, indicating a robust pipeline for future listings [7] - The market is expected to remain active, supported by high-quality projects from companies like JD Industrial, Tianyu Semiconductor, and Naxin Microelectronics, which are anticipated to contribute to the IPO landscape in late 2025 and early 2026 [7] Group 3: US IPO Market Insights - In the US market, no Chinese companies completed IPOs in November due to the government shutdown affecting the SEC's operations, which led to a slowdown in the review process for new IPO applications [8][10] - Despite the lack of new listings, seven companies submitted IPO applications, primarily in logistics, digital marketing, and tourism services, showcasing the ongoing interest of Chinese firms in the US market [10] Group 4: Regulatory Developments and Efficiency - Sixteen companies received approval from the China Securities Regulatory Commission for overseas listings, surpassing the previous month's figures and setting a new record for 2025 [12] - The average approval time for these projects was approximately five months, reflecting improved efficiency and predictability in the regulatory process, which enhances corporate confidence in pursuing overseas listings [12] Group 5: Market Outlook - The Hong Kong market is expected to maintain its status as a preferred destination for Chinese companies seeking to list abroad, supported by a clear focus on hard technology and substantial fundraising capabilities [13] - The ongoing regulatory improvements and the active pipeline of companies indicate a promising future for both the Hong Kong and US IPO markets, with potential for a return of Chinese enterprises to the US when conditions are favorable [13]

对行业短期前景愈发谨慎，因市场需求走弱速度超预期，2026年风险信号增多。交银国际表示，4季度 集中放量后，2026年1季度或回到季节性淡季，建议投资者把握结构行情同时保持审慎，关注短期波 动。 对行业短期前景愈发谨慎，因市场需求走弱速度超预期，2026年风险信号增多。交银国际表示，4季度 集中放量后，2026年1季度或回到季节性淡季，建议投资者把握结构行情同时保持审慎，关注短期波 动。 金吾财讯 | 汽车股普遍下滑，广汽集团(02238)跌3.86%，理想汽车-W(02015)跌3.37%，蔚来-SW(09866) 跌2.41%，北京汽车(01958)跌2.34%，小鹏汽车-W(09868)跌2.25%，零跑汽车(09863)跌1.23%，赛力斯 (09927)跌1.12%。 金吾财讯 | 汽车股普遍下滑，广汽集团(02238)跌3.86%，理想汽车-W(02015)跌3.37%，蔚来-SW(09866) 跌2.41%，北京汽车(01958)跌2.34%，小鹏汽车-W(09868)跌2.25%，零跑汽车(09863)跌1.23%，赛力斯 (09927)跌1.12%。 ...

Core Insights - The Hong Kong IPO market showed a marginal recovery in November 2025, with a notable concentration of listings towards the end of the month [2][18] - A total of 53 companies submitted listing applications, with 25 of them in the last week of November [2][18] - 12 new companies successfully listed on the Hong Kong Stock Exchange during this period [2][18] Listing Performance - The top three performers on their first trading day were 旺山旺水 (Wangshan Wangshui) with a gain of 145.73%, 明略科技 (Minglue Technology) at 106.10%, and 量化派 (Quantitative Party) at 88.78% [2][19][21] - Conversely, the companies with the largest declines were 海伟股份 (Haiwei Co.) at -22.97%, 文远知行 (Wenyan Zhixing) at -9.96%, and 小马智行 (Xiaoma Zhixing) at -9.28% [2][19][21] Fundraising Highlights - The top three companies in terms of fundraising were 赛力斯 (Sailis) with approximately 14.283 billion HKD, 小马智行 (Xiaoma Zhixing) at 6.707 billion HKD, and 创新实业 (Innovation Industry) at 5.495 billion HKD [2][19][26]

长江商报消息 ●长江商报记者 黄聪 头部造车新势力交付量整体向好，月度"销冠"之争再度易主。 12月1日，鸿蒙智行发布的宣传海报显示，11月全系新车交付8.19万辆，同比增长89.61%。 长江商报记者发现，月销8万辆不仅创下了鸿蒙智行单月交付量历史新高，也再一次突破了造车新势力月度交付量 的"天花板"，超过零跑汽车夺得"销冠"。 同日，零跑汽车（09863.HK）公布11月的交付数据，其全系交付再度突破7万辆，达7.03万辆，同比增长超75%， 环比增长38辆，持续刷新月销纪录，并已连续9个月保持增长态势。 同时，11月，小米汽车交付量已跃居造车新势力第三位，继续维持在4万辆以上。 鸿蒙智行突破新势力交付"天花板" 新能源汽车交付量持续向好之时，造车新势力的"头把交椅"又有新变动。 中国汽车工业协会发布的数据显示，2025年1至10月份，我国新能源汽车产销量继续实现较高增长。其中，10月 份，新能源汽车月度新车销量首次超过了汽车新车总销量的50%。 进入11月，我国头部新能源车企纷纷亮出销量数据，总体势头喜人。 12月1日，鸿蒙智行发布的宣传海报显示，11月全系新车交付8.19万辆，同比增长89.61%，超 ...

Core Insights - The automotive industry in mainland China is experiencing a significant divergence in sales performance as major car manufacturers report their November sales figures, with the impact of the "two new" policies fading and sales growth slowing down or even declining [1][2][3] Group 1: Sales Performance - Geely Automobile reported November sales of 310,000 units, a year-on-year increase of 24% and a month-on-month increase of 1%, with a cumulative total of 2.79 million units for the first eleven months, representing a 42% year-on-year increase [1] - Leap Motor achieved over 70,000 units in November, maintaining a year-on-year growth of 75%, with a cumulative delivery of 536,000 units for the first eleven months, up 113% year-on-year [2] - Xiaomi Automobile delivered over 40,000 units in November, maintaining this level for three consecutive months, and is expected to exceed its annual target of 350,000 units by the third week of December [3] Group 2: New Energy Vehicles - Geely's new energy vehicle sales reached 188,000 units in November, a year-on-year increase of 53%, with a penetration rate exceeding 60% [1] - Leap Motor's B and C series vehicles are seeing increased deliveries, with the A10 model recently unveiled at the Guangzhou International Auto Show [2] - The "Five Realms" product matrix of Chery Automobile has been completed, indicating strong future performance potential [2] Group 3: Competitive Landscape - Ideal Auto's November deliveries were 33,000 units, a year-on-year decrease of 32%, with cumulative deliveries for the first eleven months at 362,000 units, down 18% year-on-year [3] - NIO's November sales were 36,000 units, a year-on-year increase of 76%, but cumulative deliveries for the first eleven months were only 278,000 units, indicating challenges in meeting year-end targets [3] - The overall industry is facing a challenging environment with regulatory pressures and the withdrawal of subsidies, limiting the potential for significant changes in market structure in December [3]

1-11月，汽车产量合计约46.04万辆，同比增加0.73%；汽车销量合计45.31万辆，同比减少0.52%。其 中，新能源汽车销量约41.13万辆，同比增加5.58%。 【财华社讯】赛力斯(09927.HK)公布，11月份，汽车产量合计约5.89万辆，同比增加30.36%；汽车销量 合计约5.81万辆，同比增加36.34%。于11月，新能源汽车销量约5.52万辆，同比增加49.8%。 本文源自：财华网 ...

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The US stock market saw declines across major indices, with the Dow Jones falling by 427.09 points or 0.90% [2] - Southbound funds maintained a net inflow of 121.9 billion HKD in November, indicating continued interest in Hong Kong stocks [3] Sector Performance - The materials sector, particularly non-ferrous metals, led the gains in the Hong Kong market, with notable increases in stock prices for companies like Sunny Optical Technology, which rose by 6.2%, and Zijin Mining, which increased by 5.3% [1][5] - In the US market, technology stocks faced profit-taking pressure, particularly in AI-related stocks, contributing to the overall market decline [2] Investment Opportunities - The report emphasizes the importance of technological self-reliance as a core theme for future performance in the Hong Kong market, suggesting that leading companies in AI, semiconductors, and industrial software may present long-term growth opportunities [3] - Specific recommendations include focusing on sectors with lower valuations and higher dividends, as well as companies benefiting from anticipated Federal Reserve interest rate cuts [3] Company Highlights - XPeng Motors reported a 19% year-on-year increase in vehicle deliveries for November, totaling 36,728 units, and a cumulative delivery of 391,937 units for the year, reflecting a 156% increase [9] - Alibaba, ZTE, and Meituan were among the top net purchases by southbound funds, indicating strong investor interest in these companies [9] Stock Performance - The Hang Seng Index and its sub-indices showed varied performance over the past month, with the Hang Seng Technology Index up by 0.8% [16] - Notable stock performances include Tencent Holdings, which saw a 1.3% increase, and Alibaba, which rose by 2.2% [16]

2025年1-11月，本公司汽车产量合计46.04万辆，同比增加0.73%;汽车销量合计45.31万辆，同比减少 0.52%。 智通财经APP讯，赛力斯(09927)发布公告，本公司2025年11月份汽车产量合计5.89万辆，同比增加 30.36%;汽车销量合计5.81万辆，同比增加36.34%。 ...