格隆汇11月5日｜今日赛力斯(9927.HK)上市，乐舒适(2698.HK)申购。 ...

Core Viewpoint - The article highlights the transformation and growth of Seres, a luxury electric vehicle manufacturer, emphasizing its strategic partnerships and technological advancements in the automotive industry [2][5][6]. Company Overview - Seres, founded 39 years ago, has undergone three major transformations, evolving from a spring manufacturer to a key player in the high-end smart electric vehicle market [3][5]. - The name "Seres" originates from the Greek word for "Silk Country," symbolizing luxury and the brand's ambition to create a unique path for Chinese automotive brands [2]. Business Development - The first transformation involved breaking foreign market monopolies in the auto parts sector, achieving over 90% market share in specific segments [3]. - The second transformation occurred through a partnership with Dongfeng Motor, leading to the establishment of Dongfeng Xiaokang and entry into complete vehicle manufacturing [5]. - The third transformation began around 2016, focusing on new energy technology and smart connected vehicle solutions, with significant R&D efforts in Silicon Valley [5][6]. Strategic Partnerships - In 2021, Seres partnered with Huawei, launching the AITO brand, which has rapidly gained market traction, with the M9 model delivering over 250,000 units in 21 months and leading the luxury car market in China [6][7]. - The collaboration with Huawei is described as a mutually beneficial relationship that capitalizes on both companies' strengths, marking a significant cross-industry integration [6]. Financial Performance - For the first three quarters of 2025, Seres reported a net profit of 5.312 billion yuan, a year-on-year increase of 31.56% [6]. - The cumulative delivery of AITO models has surpassed 800,000 units, with the M9 model being the best-selling luxury vehicle in its price segment [6][7]. Industry Position - Seres has been recognized as the fastest-growing company in the 2025 Fortune China 500 list, climbing 270 places to rank 190 [7]. - The brand has achieved the highest confidence index in the automotive sector for the first half of 2025, with the M9 model leading in net promoter score [7]. Technological Innovation - Seres has established a highly automated and intelligent manufacturing facility, positioning itself as a global benchmark in smart factories [8]. - The company is actively pursuing advancements in artificial intelligence and smart technology, emphasizing the necessity of innovation in the automotive industry [9]. Future Outlook - Seres aims to solidify its position in the luxury vehicle segment by 2025, focusing on the integration of smart electric vehicles and digital technologies [9]. - The company plans to continue leveraging cross-industry collaborations and technological innovations to enhance safety and sustainability in the automotive sector [9].

Core Points - Sais Group Co., Ltd. has set the final offer price for its global issuance at HKD 131.50 per share [1] - The total number of H shares issued in this global offering is 108,619,000, with 10% allocated for public offering in Hong Kong and 90% for international placement [1] - The total funds raised from this issuance amount to approximately HKD 14.28 billion, with a net amount of about HKD 14.02 billion after deducting listing expenses [1] Public Offering - The Hong Kong public offering received strong investor interest, with a total of 202,321 valid applications, resulting in an oversubscription of 132.68 times [1] - A total of 10,861,900 shares were allocated to the public offering segment [1] International Placement - The international placement attracted 234 participants, with an oversubscription of 8.61 times, leading to the allocation of 97,757,100 shares [1] - Due to the enthusiastic response from the public offering, the company exercised its option to adjust the offering volume, issuing an additional 8,419,000 shares [2] Cornerstone Investors - The offering includes a strong lineup of cornerstone investors, with 20 institutions and individuals participating, collectively receiving 48,828,700 shares, which is 44.95% of the total global offering [2] - Notable allocations include 16,553,200 shares to the Chongqing Industry Mother Fund, representing 15.24% of the total [2] Listing Information - The H shares of Sais Group are expected to be listed on the Hong Kong Stock Exchange on November 5, 2025, under the stock code 9927, with a trading unit of 100 shares [2] - The company has applied for a waiver from the requirement to allocate shares to existing minority shareholders, allowing some existing shareholders to participate as cornerstone investors or underwriters [2]

Major Events - Thinker Education (01769) has established a joint venture with Shenzhen Huaxia Junyong to develop and explore educational artificial intelligence robots [1] - Aide New Energy (02623) received a buyout offer at a discount of approximately 48.7% and will resume trading on November 4 [1] - Giant Star Legend (06683) signed a sales contract for robots worth over 20 million yuan, marking a significant step in cross-industry IP commercialization [1] - Baset Pharmaceutical-B (02616) announced that the IND for the combination therapy of CS2009 (PD-1/VEGF/CTLA-4 tri-specific antibody) has been approved in China, further exploring the potential of tri-antibody treatment [1] - Sirus (09927) raised approximately 14.016 billion HKD from a global offering, with the Hong Kong public offering being oversubscribed by 132.68 times [1] - Junsen Electronics (00699) set the offer price for H shares at 22 HKD per share [1] - WeRide (00800) finalized the offer price at 27.10 HKD per share [1] Financial Data - Yum China (09987) reported a 8% year-on-year increase in operating profit for the third quarter, reaching 400 million USD, with a quarterly dividend of 0.24 USD per share [1] - Yuexiu Property (00123) recorded a cumulative contract sales amount of approximately 92.102 billion CNY in the first ten months, representing a year-on-year increase of about 1.2% [1] - Country Garden (02007) achieved a contract sales amount of approximately 2.9 billion CNY in October attributable to shareholders [1]

Core Viewpoint - Company Seres (601127)(09927) has successfully completed its global offering of H-shares, raising approximately HKD 14.016 billion through the issuance of 108.6 million shares at a price of HKD 131.5 per share [1] Group 1 - The global offering consisted of 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The Hong Kong public offering was oversubscribed by 132.68 times, while the international offering was oversubscribed by 8.61 times [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on November 5, 2025, at 9:00 AM Hong Kong time [1]

Core Viewpoint - Company Seres (09927) has successfully completed its global offering of H-shares, raising approximately HKD 14.016 billion through the issuance of 108.6 million shares at a price of HKD 131.5 per share [1] Summary by Category Offering Details - The global offering consisted of 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The offering price was set at HKD 131.5 per share, leading to net proceeds of around HKD 14.016 billion [1] Subscription Demand - The Hong Kong public offering was oversubscribed by 132.68 times, indicating strong local interest [1] - The international offering saw a subscription rate of 8.61 times, reflecting significant demand from global investors [1] Trading Information - H-shares are expected to commence trading on the Hong Kong Stock Exchange on November 5, 2025, at 9:00 AM Hong Kong time [1]

Core Viewpoint - Company announced a global offering of 108,619,000 H-shares at a price of HKD 131.50 per share, with net proceeds amounting to HKD 14.016 billion [1] Group 1: Offering Details - The public offering in Hong Kong accounted for 10% of the total shares, with a subscription rate of 132.68 times [1] - The international offering represented 90% of the total shares, with a subscription rate of 8.61 times [1] - If the global offering becomes unconditional by November 5, 2025, trading of H-shares is expected to commence on the same day at 9:00 AM Hong Kong time [1] Group 2: Trading Information - The trading unit for H-shares is set at 100 shares per lot, with the stock code being 9927 [1]

Core Viewpoint - The company, Seres (09927.HK), announced a global offering of 108,619,000 H-shares at a price of HKD 131.50 per share, with a net proceeds of HKD 14.016 billion [1] Summary by Categories Offering Details - The Hong Kong public offering accounted for 10% of the total shares, with a subscription rate of 132.68 times [1] - The international offering made up 90% of the total shares, with a subscription rate of 8.61 times [1] Trading Information - If the global offering becomes unconditional by November 5, 2025, trading of the H-shares is expected to commence at 9:00 AM Hong Kong time on the same day [1] - The trading unit for the H-shares is set at 100 shares, with the stock code being 9927 [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）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 示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 本公告不得直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）發佈、 刊發或派發。本公告並不構成或組成在美國境內或於任何其他司法管轄區購買或認購發售股 份的任何要約或招攬的一部分。發售股份並無亦不會根據《1933年美國證券法》（經不時修訂） （「美國證券法」）或美國任何州或其他司法管轄區的證券法登記。發售股份不得在美國境內提呈 發售、出售、質押或以其他方式轉讓，惟根據美國證券法的登記規定獲豁免及遵守任何適用的 州證券法，或根據美國證券法S規例在美國境外向非美國人士投資者或並非為美國人士或為其 利益進行收購的投資者提呈發售、出售、質押或轉讓。發售股份不會在美國公開發售。 本公告僅作說明用途，並不構成收購、購買或認購證券的邀請或要約。本公告並非招股章程。 潛在投資者於決定是否投資所提呈發售的H股前，應閱覽賽力斯集團股份有限公司（「本公司」） ...

Group 1 - The core viewpoint of the articles highlights the significant role of the private economy in driving the industrial transformation towards innovation in Western China, particularly in Chongqing [2][4][5] - The rapid development of companies like Seres Group, which reported over 110 billion yuan in revenue and sold over 300,000 new energy vehicles in the first three quarters of the year, exemplifies this trend [2] - The private sector's contribution to the economy in Chongqing is notable, with the added value of the private economy increasing from 1.48 trillion yuan to 1.98 trillion yuan during the 14th Five-Year Plan period, and the number of private market entities rising from 2.901 million to 3.673 million [2] Group 2 - Companies in various sectors, such as Huafeng Group in chemical new materials, have achieved significant production milestones, including becoming the world's largest production base for certain chemicals [4] - The introduction of advanced information management systems in companies like OPPO has led to real-time data monitoring and increased production efficiency, exemplified by the ability to produce a folding phone every minute [4] - The private sector has contributed over 70% of China's technological innovation outcomes in 2024, with a significant portion of R&D expenditures coming from private enterprises in regions like Chongqing and Sichuan [5] Group 3 - The global Yushang Conference in Chongqing facilitated investment projects worth 56.7 billion yuan, focusing on high-tech fields such as smart connected vehicles and artificial intelligence [6] - Companies are committed to increasing investments in Chongqing, aiming to establish advanced production lines and create benchmark factories that emphasize smart and green manufacturing [6]