SERES(SH:601127) Sou Hu Cai Jing·2025-05-16 09:42Core Viewpoint - Company Seres is preparing to list on the Hong Kong Stock Exchange to advance its global strategy and enhance its competitive edge [2] Financial Performance - Seres reported a revenue of 145.18 billion yuan for 2024, a 305% increase from 35.84 billion yuan in the previous year, primarily driven by a surge in electric vehicle sales [6] - The revenue from electric vehicles reached 135.5 billion yuan, marking a 368% increase year-over-year, while fuel vehicle revenue declined by 25% to 3.45 billion yuan [4] - The company recorded a net profit of 5.946 billion yuan in 2024, compared to a net loss of 2.45 billion yuan in the previous year [6] - The net profit after excluding non-recurring gains and losses was 5.573 billion yuan, recovering from a loss of 4.82 billion yuan in the previous year [6] - Government subsidies accounted for 210 million yuan in 2024 [5] Shareholder and Capital Strategy - The company will consider the interests of existing shareholders and market conditions when deciding on the timing and issuance window for the listing, which will be within 24 months of shareholder approval [2] - Seres has made significant payments to Huawei as part of a share transfer agreement, including a second payment of 5.75 billion yuan [7] - The total transaction amount for acquiring a 10% stake in Shenzhen Yingwang Intelligent Technology Co., Ltd. from Huawei is 11.5 billion yuan, with payments structured in three phases [7]