8000元起家，重庆即将跑出一个2600亿IPO

Core Viewpoint - The announcement of Seres Group's IPO application on the Hong Kong Stock Exchange has generated positive market reactions, with the company's stock price reaching a historical high, reflecting its strategic move to enhance global competitiveness and capitalize on the favorable market conditions for the electric vehicle sector [2][3]. Company Overview - Seres Group plans to issue up to 331 million H-shares, with the proceeds primarily allocated for R&D, new marketing channels, overseas sales, and charging network services [2]. - The company aims to enhance its global brand recognition and operational capabilities through this IPO, aligning with the trend of leading enterprises listing in Hong Kong by 2025 [2]. Financial Performance - In March 2024, Seres reported record revenue and profit figures, with revenue increasing over threefold year-on-year and a net profit of 5.946 billion yuan, marking a turnaround to profitability [7]. - For the first half of 2025, Seres achieved a revenue of 62.402 billion yuan and a net profit of 2.941 billion yuan, representing an 81.03% year-on-year growth [7]. Historical Context - The company, founded by Zhang Xinghai in 1986, transitioned from manufacturing springs to automotive components and eventually to electric vehicles, marking significant strategic pivots over the years [4][5]. - The collaboration with Huawei in 2021 marked a significant milestone, leading to the launch of the AITO brand and rapid production milestones [6]. Industry Trends - The IPO aligns with the broader trend of the automotive industry in Chongqing, which is evolving into a hub for smart and connected electric vehicles, supported by a robust industrial ecosystem [12][13]. - The Chongqing government has set ambitious goals for the development of a trillion-yuan smart connected electric vehicle industry cluster by 2027, indicating strong regional support for the sector [13].