SERES(SH:601127) Zheng Quan Shi Bao Wang·2025-10-27 00:12Core Viewpoint - Company Cybers (601127) plans to go public on the Hong Kong Stock Exchange on November 5, 2025, with a maximum offer price of HKD 131.50 per share, aiming to issue 100.2 million H-shares [1] Group 1: Company Overview - Cybers has nearly 40 years of experience in the industry, focusing on the research, development, manufacturing, sales, and service of new energy vehicles and core electric products [1] - The company fully transitioned to the new energy vehicle sector in 2016 and launched the "Wenjie" brand in 2021, positioning itself as "Intelligent Redefinition of Luxury" [1] Group 2: Sales Performance - The Wenjie brand has seen rapid sales growth, with models M5, M7, M9, and M8 achieving significant market success [1] - In the second half of 2024, the Wenjie brand is expected to rank first in the new energy vehicle reputation list with a Net Promoter Score (NPS) of 82%, and the total annual delivery volume is projected to reach 387,100 units, representing a year-on-year increase of 268% [1] Group 3: Financial Aspects - The company has signed agreements with several cornerstone investors, including the Chongqing Industrial Mother Fund, with a total subscription amount of USD 826 million [1] - Cybers expects to net approximately HKD 12.925 billion from the global offering, with the proceeds primarily allocated to research and development (70%), new marketing channels and overseas market expansion (20%), and working capital and general corporate purposes (10%) [1]