SERES(SH:601127) Ju Chao Zi Xun·2025-04-28 09:22Group 1 - Seres Group has officially submitted its application for a Hong Kong IPO as of April 28, 2025 [1] - The core brand, AITO, has rapidly increased its vehicle sales since launch, disrupting the domestic luxury car market [2] - AITO has successfully launched four models: M5, M7, M8, and M9, with M5 achieving the fastest record for new brand single vehicle delivery exceeding 10,000 units in its launch year [2] Group 2 - AITO M7 became the best-selling self-owned brand model in the 300,000 RMB price range in China, with an estimated delivery of 200,000 units in 2024 [2] - AITO M9 is the sales champion in the 500,000 RMB price range in China, with over 150,000 units expected to be delivered in 2024 [2] - The newly launched AITO M8 received significant market interest, surpassing 30,000 pre-orders within 24 hours of its official launch [2] Group 3 - According to a Frost & Sullivan report, AITO ranked first in the electric vehicle reputation ranking with an NPS of 82% in the second half of 2024, achieving a total delivery of 387,100 units for the year, a year-on-year increase of 268% [3] - Seres Group's revenue increased from 35.8 billion RMB in 2023 to 145.1 billion RMB in 2024, representing a year-on-year growth of 305.5% [3] - The gross profit margin improved from 7.2% in 2023 to 23.8% in 2024, an increase of 16.6 percentage points [3] Group 4 - In 2024, Seres Group achieved profitability, becoming the fourth global electric vehicle company to do so, with a net profit of 5.9 billion RMB after a net loss of 2.4 billion RMB in 2023 [3] - The company is advancing its self-developed Magic Cube technology platform, which offers five major intelligent automotive solutions aimed at enhancing user experience [3]