SERES(SH:601127) Xin Lang Cai Jing·2025-10-10 00:27Group 1 - The company has signed a cooperation agreement with Huoshan Engine to develop embodied intelligence, focusing on intelligent robot decision-making and control technologies [1] - The partnership aims to enhance the automotive industry's digital transformation by integrating technology and application scenarios [1] - The financial impact of this agreement on the company's 2025 performance is expected to be minimal [1] Group 2 - The new M7 model has seen strong demand, with over 60,000 pre-orders within the first week of launch, and the monthly production capacity is confirmed to reach 30,000 units [2] - The M8 model has achieved over 100,000 deliveries within five months, showcasing its competitive edge [2] - The M9 model has maintained strong sales, with over 240,000 units delivered, while the upcoming M6 model is expected to leverage Huawei's latest technologies for significant market potential [2] Group 3 - The company has received approval from the China Securities Regulatory Commission for its H-share issuance, moving closer to its Hong Kong IPO [3] - The IPO aims to support the company's global strategy, with 70% of the raised funds allocated for R&D and 20% for marketing and overseas sales [3] - The company anticipates that its overseas business will become a significant growth driver in the future [4]