SERES(SH:601127) Xin Lang Cai Jing·2025-09-30 02:07Core Viewpoint - The company, Seres, announced the acquisition of a 10% stake in Shenzhen Yingwang Intelligent Technology Co., Ltd. from Huawei for a total of 11.5 billion yuan, solidifying their partnership in the smart automotive sector [1][4]. Group 1: Transaction Details - Seres' wholly-owned subsidiary, Seres Automotive, will pay a total of 11.5 billion yuan for the 10% stake in Yingwang [1]. - The payment for the acquisition is structured in three phases, with the third payment condition met, and a total of 34.5 billion yuan already paid [1]. - The first payment was 2.3 billion yuan, and the second was 5.75 billion yuan, with the transfer of shares expected to be completed by March 31, 2025 [1]. Group 2: Company Background and Performance - Yingwang was established in January 2024 with a registered capital of 1 billion yuan, aiming to become a diversified platform for automotive electrification and intelligence [2]. - Seres has reported a revenue of 62.402 billion yuan for the first half of 2025, a decrease of 4.06% year-on-year, while net profit increased by 81.03% to 2.941 billion yuan [4]. - The company sold approximately 172,100 new energy vehicles in the first half of 2025, with the Wanjie series accounting for over 80% of deliveries [4]. Group 3: Market Reaction - On September 30, Seres' stock opened higher, with an increase of 3.81%, reaching 165.26 yuan per share, resulting in a market capitalization of 269.9 billion yuan [5].