Group 1 - The company, Seres (09927), plans to conduct an initial public offering (IPO) from October 27 to October 31, 2025 [1] - A total of 100.2 million H-shares will be offered globally, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The offering includes an overallotment option of 15% and a 15% adjustment option on the sale volume [1] Group 2 - The maximum offer price is set at HKD 131.50 per share, with a minimum purchase of 100 shares [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on November 5, 2025, at 9:00 AM [1]

Group 1 - The company, Seres (601127)(09927), plans to conduct an initial public offering (IPO) from October 27 to October 31, 2025 [1] - A total of 100.2 million H-shares will be globally offered, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The offering includes an over-allotment option of 15% and a 15% adjustment option on the offering size [1] Group 2 - The maximum offer price is set at HKD 131.50 per share, with a minimum purchase of 100 shares [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on November 5, 2025, at 9:00 AM [1]

格隆汇10月27日丨赛力斯(09927.HK)发布公告，公司拟全球发售1.002亿股H股(视乎发售量调整权及超 额配股权行使与否而定)，中国香港发售股份1002万股，国际发售股份9018万股；2025年10月27日至10 月31日招股，预期定价日为11月3日；发售价将不高于每股H股131.50港元，每手买卖单位为100股，中 金公司及中国银河国际为联席保荐人；预期股份将于2025年11月5日开始在联交所买卖。 ...

賽力斯集團股份有限公司 Seres Group Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 股份代號 : 9927 全球發售 聯席保薦人、整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 重要提示 重要提示： 倘閣下對本招股章程的任何內容有任何疑問，應諮詢獨立專業意見。 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） 全球發售 | 全球發售的發售股份數目 | : | 100,200,000股H股（視乎發售量調整權 | | --- | --- | --- | | | | 及超額配股權行使與否而定） | | 香港發售股份數目 | : | 10,020,000股H股（可予重新分配 | | | | 及視乎發售量調整權行使與否而定） | | 國際發售股份數目 | : | 90,180,000股H股（可予重新分配、 | | | | 視乎發售量調整權及超額配股 | | | | 權行使與否而定） | | 最高發售價 | : | 每股H股131.50港元，另加1.0%經紀 | | | | ...

Core Viewpoint - The article discusses the significance of the Lingxuan Award in recognizing innovation in the Chinese automotive parts industry, highlighting its evolution over the past decade and its role in shaping the supply chain amidst the trends of electrification and intelligence in the automotive sector [10][12][50]. Group 1: Overview of the Lingxuan Award - The Lingxuan Award is an annual recognition for contributions in the automotive parts sector, evaluated by procurement and R&D leaders from major automotive companies in China [12][20]. - The award has evolved from filling a gap in the industry to becoming a core reference for supply chain choices among major automotive manufacturers [17][50]. - The award aims to discover cost-effective supply chains, enhance local industry security, and promote the transition to "new automobiles" in the era of electrification and intelligence [17][49]. Group 2: Evaluation Process - The evaluation process for the Lingxuan Award has shifted to a more immersive workshop format, allowing for in-depth discussions among judges from procurement and R&D backgrounds [25][30]. - The final evaluation involved 127 cases, with judges discussing and voting on the most innovative and applicable technologies across various categories [10][38]. - The award ceremony will take place during the WNAT-CES 2025 event in December, showcasing the winners and their contributions [10][20]. Group 3: Industry Trends and Insights - The evaluation revealed that 58% of the cases focused on intelligent cockpits, intelligent driving, automotive software, and chips, indicating a shift towards "software-defined vehicles" [38][41]. - Key trends identified include the emergence of new enterprises as vital players in the supply chain, the need for systematic upgrades in cost, safety, and international adaptability, and the growing importance of "emotional value" in user experience [39][41][48]. - The judges emphasized that cost control is paramount in product evaluation, with a focus on integrated architecture to balance cost reduction and intelligent features [44][45]. Group 4: Future Directions - The Lingxuan Award serves as a platform for self-reflection and collaborative evolution within the automotive supply chain, fostering connections between parts manufacturers and automotive companies [50]. - The participation of new enterprises, which accounted for over 20% of the cases, highlights the infusion of fresh energy and innovative technologies into the local supply chain [49][50]. - The award's ongoing mission aligns with the industry's pressing needs, ensuring that it remains relevant and impactful in the face of rapid technological advancements [49][50].

Group 1 - The core point of the article is that Seres Group plans to go public in Hong Kong with a maximum issue price of HKD 131.50 per share, and trading is expected to commence on November 4 [1] Group 2 - The company is preparing for its initial public offering (IPO) in the Hong Kong market [1] - The anticipated trading date indicates a strategic move to attract investors in the region [1] - The set issue price reflects the company's valuation and market positioning ahead of the IPO [1]

Core Points - The mid-term dividends from 20 companies, including Beijing-Shanghai High-Speed Railway Co., Ltd., Guotai Junan Securities Co., Ltd., and State Power Development Co., Ltd., will exceed 9 billion yuan from October 27 to October 31 [1] - As of October 24, 320 companies in the Shanghai market have distributed over 278 billion yuan in mid-term dividends, with an additional 90 companies expected to distribute over 280 billion yuan [1][2] - The total mid-term dividend amount for 414 companies has reached over 560 billion yuan, setting a historical high [1] Company-Specific Information - Major dividend payers include China Mobile and China Telecom, with cash distributions of 54.1 billion yuan and 16.6 billion yuan, respectively, while the "Big Three" oil companies have collectively distributed approximately 82.5 billion yuan [2] - Companies like Xiamen Gibit Network Technology Co., Ltd. and Jiangsu Shuoshi Biotechnology Co., Ltd. have reported per-share dividends exceeding 2 yuan, with Gibit reaching 6.6 yuan per share [2] Dividend Yield Insights - The dividend yield for 290 companies in the Shanghai market exceeds 3%, with 81 companies yielding over 5% [3] - Among the 320 companies that have implemented mid-term dividends, the average yield is 2.53%, with 102 companies exceeding 3% and 40 companies surpassing 5% [3]

Group 1 - The core point of the article is that Seres Automotive Co., Ltd. has obtained a patent for a "Rear Underbody Shield Installation Structure and Automobile," which aims to enhance the stability of the rear underbody shield installation and reduce the risk of failure in plastic shields [1] - The patent was granted with the announcement number CN 223467109 U, and the application date is December 2024 [1] - The design includes features that allow for better connection to the vehicle's body and rear subframe, ensuring a stable installation of the rear underbody shield [1] Group 2 - Seres Automotive Co., Ltd. was established in 2012 and is located in Chongqing, primarily engaged in the automotive manufacturing industry [1] - The company has a registered capital of approximately 1.06 billion RMB [1] - Seres has invested in 10 enterprises, participated in 25 bidding projects, and holds 4214 patents along with 525 trademark registrations [1]

Core Viewpoint - The article highlights the automated production operations at the Seres Automotive Super Factory located in the Liangjiang New Area of Chongqing, showcasing advancements in manufacturing technology and the company's commitment to innovation in the automotive industry [1] Group 1 - The Seres Automotive Super Factory is equipped with advanced automation technology, indicating a significant investment in production efficiency [1] - The factory is part of a broader trend in the automotive industry towards automation and smart manufacturing, which is expected to enhance productivity and reduce costs [1] - The location in Chongqing's Liangjiang New Area suggests strategic positioning to leverage regional advantages in manufacturing and logistics [1]

Core Points - China Southern Airlines (CSA) will officially implement its 2025/26 winter-spring flight schedule from October 26, 2025, to March 28, 2026, with a total of approximately 470,000 passenger flights planned [1] - The airline is focusing on strengthening its route network from key hubs such as Guangzhou, Beijing Daxing, and Urumqi, with new domestic and international routes being introduced [1] - CSA plans to launch new international routes including Guangzhou-Madrid and Guangzhou-Darwin, and will increase flight frequencies to Australia by 30% compared to the previous year [1] - The fleet of domestically produced C909 and C919 aircraft is expanding, with over 700 weekly flights planned using these aircraft [1] Passenger Operations - New domestic routes include daily flights from Beijing Daxing to Xishuangbanna and increased frequencies on routes from Guangzhou to Hangzhou, Wenzhou, and Fuzhou [1] - Internationally, CSA will resume direct flights from Guangzhou to Perth and Adelaide, and increase the number of round-trip flights to Sydney and Brisbane by nearly 160 [1] Cargo Operations - CSA Logistics will execute a new cargo season plan, operating 31 cargo routes and reaching 15 destinations, covering major markets in the Americas, Europe, and the Middle East [2] - The expected number of cargo flight operations is over 5,400 [2]