新华财经北京12月5日电新华财经和面包财经研究员根据香港交易所披露信息，对港股IPO排队及新上市企业进行了梳理统计。其中，港股IPO排队企业选取 依据为审核状态为已刊登申请版本、已刊登聆讯后资料集。 11月，港交所共有11只新股上市，合计募资总额达406.09亿港元，规模环比增超三成。其中，赛力斯、小马智行首发募集总额居前，分别达142.83亿港元、 67.07亿港元。 截至2025年11月30日，港股IPO排队企业总共306家，其中有14家企业已通过聆讯。 11月有11只新股上市 2025年11月，港交所共有11只新股上市，合计募资总额达406.09亿港元，较10月上市募资规模增超三成。2025年1-11月，已有91只新股上市，合计募资总额 超2590亿港元。 11月上市新股中，赛力斯募资总额达142.83亿港元，规模最大。小马智行紧随其后，募集约67.07亿港元。此外，创新实业、中伟新材、均胜电子募资超过30 亿港元。 根据公开信息，截至2025年11月30日（下同），港交所的IPO排队企业总共306家。其中，主板IPO排队企业数量达299家，创业板（GEM，下同）排队企业7 家。 按审核进度汇总，已刊登 ...

Core Insights - The article discusses the emergence of the new brand "Blue Electric" under the company Seres, which aims to complement its existing "AITO" brand and target a different market segment [2][4]. Group 1: Brand Development - Seres has launched the Blue Electric brand to reduce dependency on its partnership with Huawei and to establish a more independent development path [4]. - The AITO brand primarily targets the market segment above 250,000 yuan, while Blue Electric aims to fill the mainstream market gap between 100,000 to 250,000 yuan, offering better cost performance [4]. Group 2: Product Launch - The third-generation Blue Electric E5 PLUS has been introduced, featuring two models with a starting price of 139,800 yuan, and a limited-time trade-in price of 119,800 yuan [6]. - The vehicle is positioned as a mid-size SUV with dimensions of 4760mm in length, 1865mm in width, and 1710mm in height, along with a wheelbase of 2785mm [8]. Group 3: Design and Features - The E5 PLUS features a modern design with a closed front face, LED daytime running lights, and a spacious interior equipped with a 15.6-inch floating central control screen and a Dolby surround sound system [10][12]. - Unique interior features include innovative scenarios such as "luxury master bedroom" and "sunshine terrace," along with a multifunctional kitchen integrated into the trunk [14][16]. Group 4: Performance and Technology - The E5 PLUS is powered by a 1.5L engine within the Seres Super Electric Hybrid system, offering both front-wheel and all-wheel drive options, with a maximum power of 270kW and a peak torque of 470Nm [20]. - The vehicle boasts a pure electric range of 230km, with real-world tests showing an impressive 266km range, achieving a rate of 115% [22]. Group 5: Market Positioning - The E5 PLUS is positioned as a cost-effective alternative to the AITO M9, highlighting its unique selling points such as being the only model under 120,000 yuan with a 230km electric range and the only hybrid all-wheel drive under 150,000 yuan [24].

Core Viewpoint - Chongqing's Shapingba District is enhancing financial services through technology finance, green finance, and inclusive finance, significantly improving financial resource allocation efficiency and supporting high-quality regional economic development [1] Group 1: Technology Finance - Shapingba District is leveraging technology finance to support the transformation and upgrading of the manufacturing sector, helping companies overcome financing bottlenecks and creating an innovative industrial ecosystem [2] - Financial institutions are implementing targeted strategies, such as supply chain finance, to provide precise financial support to the automotive industry chain, with approximately 8 billion yuan in financial support provided to related enterprises since October last year [2] Group 2: Green Finance - The district is promoting green finance to support the transition to a low-carbon economy, directing credit resources towards green projects and enhancing trade innovation [3] - Key enterprises, such as Chongqing Pan-European Railway Port Management Company, received over 800 million yuan in financial support, contributing to a projected trade scale exceeding 5 billion yuan for the year [3] Group 3: Inclusive Finance - To alleviate financing difficulties for small and micro enterprises, Shapingba District has established a risk-sharing mechanism among government, banks, and guarantee institutions, resulting in 53.4 million yuan in loans to 28 small enterprises [4] - The district has introduced various financial products aimed at reducing financing costs for small and medium-sized enterprises, with inclusive small and micro loans reaching 28 billion yuan, a year-on-year increase of 16.5% [5] Group 4: Future Plans - The district plans to continue enhancing high-quality financial development and services, focusing on technology finance, green finance, and inclusive finance to stimulate market vitality and support the implementation of major strategies and key industry developments [6]

Core Insights - Chongqing's Shapingba District is enhancing financial services through technology finance, green finance, and inclusive finance, significantly improving financial resource allocation efficiency and supporting high-quality regional economic development [1][7] Group 1: Technology Finance - Shapingba District focuses on integrating technology finance into strategic emerging industries, particularly in the intelligent connected new energy vehicle sector, by innovating supply chain finance models [3] - The local bank has provided approximately 8 billion yuan in financial support to the supply chain of leading enterprise Seres, facilitating the establishment of the city's first "New Energy Vehicle Safety Body and Intelligent Chassis Industry Innovation Complex" [3][4] - The introduction of the "Supply Chain e-Sales" platform by a local bank has enabled comprehensive online financing services for enterprises, enhancing the overall financing process [3] Group 2: Green Finance - Under the dual carbon goals, Shapingba District is accelerating its green finance initiatives, directing credit resources towards green trade and energy-saving equipment [5] - The establishment of five foreign cooperation and investment teams aims to strengthen international trade connections, particularly with Africa, Europe, ASEAN, Central Asia, and the Middle East [5] - A local company received over 800 million yuan in loans to support its import and export activities, with the district's trade scale expected to exceed 5 billion yuan for the year [5] Group 3: Inclusive Finance - To address the financing challenges faced by small and micro enterprises, Shapingba District has established a risk-sharing mechanism involving local government, banks, and guarantee institutions [6] - This mechanism has facilitated the issuance of 53.4 million yuan in loans to 28 small enterprises, significantly easing their financial burdens [6] - The district has also attracted fintech companies to create digital financial applications, enhancing service accessibility and risk control efficiency [6] Group 4: Future Outlook - The local government plans to continue advancing high-quality financial development and service capabilities, focusing on aligning financial services with national strategies and regional key industries [7] - Shapingba is transitioning from a "financial resource aggregation area" to a "financial value creation hub" driven by technological innovation, green transformation, and inclusive growth [8]

Core Viewpoint - The AITO Wenjie M9 is expected to reshape the high-end automotive market, particularly in the electric vehicle segment, as it has achieved significant sales milestones and is challenging the dominance of international brands in the over 500,000 yuan price range [1]. Group 1: Sales Performance - AITO Wenjie has surpassed 900,000 total deliveries, maintaining its lead in the high-end new energy vehicle market [1]. - The Wenjie M9 has achieved over 260,000 cumulative deliveries, setting a new record for models priced above 500,000 yuan [1]. Group 2: Market Dynamics - The high-end automotive market, previously dominated by a few international brands, is experiencing a shift due to the strong performance of the Wenjie M9, indicating a growing acceptance of domestic models in this segment [1].

Core Viewpoint - The AITO M9 is expected to reshape the high-end automotive market landscape, having achieved significant delivery milestones [1] Group 1: Delivery Milestones - AITO has announced that total deliveries across its entire lineup have surpassed 900,000 units [1] - The AITO M9 has achieved cumulative deliveries of over 260,000 units, setting a new record for vehicles priced at 500,000 yuan [1]

Core Insights - The A-share market has seen a significant increase in equity financing in 2023, with a total of approximately 1.01 trillion yuan raised in the first 11 months, representing a year-on-year growth of about 310% [1] - The main contributors to this financing are private placements, which accounted for over 80% of the total, with a fivefold increase in fundraising compared to the previous year [2] - The IPO market has also shown growth, with 98 new listings raising 100.36 billion yuan, a 72.9% increase year-on-year, primarily driven by large IPOs from emerging industries [6] Group 1: Equity Financing Overview - Total equity financing in A-shares reached approximately 1.01 trillion yuan, with IPOs contributing 100.36 billion yuan, private placements 846.83 billion yuan, and convertible bonds 59.13 billion yuan [1] - Private placements have become the dominant financing method, with 149 companies completing placements, a 17.32% increase, and total funds raised surging by 5.03 times [2] - The top 10 companies in private placements included four banks and two brokerages, with China Bank raising 165 billion yuan, Postal Savings Bank 130 billion yuan, and others exceeding 100 billion yuan [2] Group 2: IPO and Convertible Bonds - The IPO market has seen 98 new listings, with a 10.1% increase in the number of IPOs and a 72.9% increase in funds raised compared to the previous year [6] - Emerging industries accounted for over 80% of IPOs, indicating a shift towards technology-driven companies [6] - Convertible bonds have also seen growth, with 40 bonds issued, raising a total of 59.1 billion yuan, a 31.8% increase year-on-year, despite a decrease in the number of issuances [6][7]

扫码可订阅产业日报 欢迎加入 睿兽分析会员 ，解锁 AI、汽车、智能制造 等相关 行业日报、图谱和报告 等。 1. 【小米汽车面向全部用户开放"现车选购"功能】12月3日消息，12月3日10时，小米汽车"现车选 购"功能正式面向全部用户开放。现车包括三种类型：全新现车、官方展车、准新车。（界面新闻） 2.【红旗国雅车型在中东市场开启预售】12月3日，据中国一汽消息，红旗金葵花国雅正式登陆中东 市场开启预售，将陆续在科威特等中东市场开启预售。红旗金葵花作为红旗品牌旗下的超豪华子品 牌。（新浪财经） 3.【中汽协：10月汽车整车出口82.8万辆，同比增长41.6%】据中国汽车工业协会整理的海关总署数 据显示，2025年10月，汽车整车出口82.8万辆，环比增长9.5%，同比增长41.6%，出口金额达 143.1亿美元，环比增长11.7%，同比增长34%。2025年1-10月，汽车整车出口651.3万辆，同比 增长23.2%；出口金额达1114.4亿美元，同比增长13.4%。（汇通财经） 4.【第三代赛力斯蓝电E5 PLUS宣布上市：换新价11.98万元，号称12万内唯一230km超长纯电续 航】12月3日消息，第 ...

Core Insights - The high-end automotive consumption is shifting from "symbolic consumption" to "value consumption," indicating a rational return to consumer preferences [1] - The Wanjie M9's strong sales performance is expected to reshape the competitive landscape of China's high-end automotive market [1] Sales Performance - At the recent Guangzhou Auto Show, Seres announced that the total delivery of the Wanjie series has surpassed 900,000 units, leading the high-end new energy vehicle market [3] - The Wanjie M9 has achieved cumulative deliveries of over 260,000 units, setting a new record for models priced above 500,000 yuan, showcasing its strong market appeal [3][4] - From January to October 2025, the Wanjie M9 sold 100,600 units, becoming the benchmark for luxury SUVs in the 500,000 yuan segment, marking a significant breakthrough for domestic high-end new energy vehicles [4] Market Dynamics - Nearly 50% of Wanjie M9 owners are transitioning from traditional luxury brands, with an average price per vehicle reaching 550,000 yuan [6] - The Wanjie M9 has consistently ranked first in user net recommendation value among all new energy vehicles, achieving a net recommendation value of 85.2% in the first half of 2025, reflecting strong user recognition and willingness to recommend [6] - The vehicle has maintained the highest resale value among large SUVs for nine consecutive months, achieving top rankings in both plug-in hybrid and pure electric categories [6] Technological Advancements - The Wanjie M9 is positioned as a "panoramic intelligent flagship SUV," showcasing advanced technology and a dual power option of range extension and pure electric [7] - The range extension version features a high thermal efficiency of 44.8%, with a combined range of 1,474 kilometers, while the pure electric version can gain 150 kilometers of range in just five minutes [7] - The vehicle's luxury driving experience is enhanced by its precision-tuned intelligent chassis, combining advanced suspension systems for optimal comfort and control [7] Smart Features - The Wanjie M9 incorporates HarmonyOS 4, breaking traditional human-machine interaction boundaries with features like seamless content flow across multiple screens [9] - The vehicle is equipped with Huawei's advanced driving assistance system, achieving over 4.45 billion kilometers of total assisted driving mileage, with an average daily increase of 11.75 million kilometers [9] Competitive Landscape - The success of the Wanjie M9 is redefining competition rules in the high-end automotive market, shifting the focus from product functionality to "consumer scenario definition capability" [10] - The vehicle embodies a new luxury concept that integrates traditional luxury with technological advancements, creating a differentiated brand competitiveness [10] - Wanjie has established a comprehensive smart service system that spans the entire customer journey, demonstrating a commitment to user care and support [10]

天眼查资料显示，重庆赛力斯凤凰智创科技有限公司，成立于2023年，位于重庆市，是一家以从事软件 和信息技术服务业为主的企业。企业注册资本122225万人民币。通过天眼查大数据分析，重庆赛力斯凤 凰智创科技有限公司参与招投标项目1次，专利信息2649条，此外企业还拥有行政许可2个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，重庆赛力斯凤凰智创科技有限公司申请一项名为"车辆续航里程确定方法、 装置、车辆及介质"的专利，公开号CN121043639A，申请日期为2025年8月。 专利摘要显示，本申请涉及新能源汽车领域，公开了一种车辆续航里程确定方法、装置、车辆及介质， 该方法通过基于车辆的模型架构构建一个动态仿真模型，根据动态仿真模型模仿车辆在各工况下行驶所 输出的仿真数据，仿真数据包括平均速度、最大速度、平均巡航速度与怠速时间比中的至少一种；以仿 真数据为基础建立能耗预测模型，将能耗预测模型的预测结果作为训练数据，以训练用于预测里程的里 程计算模型；将里程计算模型迁移到目标车辆进行优化，获得最终的里程计算模型，以确定目标车辆的 续航里程。本 ...