SERES(SH:601127) Sou Hu Cai Jing·2025-10-27 04:22Group 1 - The company, Seres, plans to issue 100.2 million H-shares in its IPO, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international offering, subject to reallocation based on demand and the exercise of over-allotment options [2] - If the maximum offering price is set at HKD 131.50 per share and assuming no adjustments to the offering size or over-allotment options, the expected net proceeds from the IPO would be HKD 12.9249 billion [2] - Upon successful listing, Seres is set to become the largest IPO for an automotive company in Hong Kong this year, surpassing a recent record set by Chery [2] Group 2 - Seres is a technology-driven enterprise focused on the research, development, manufacturing, sales, and service of new energy vehicles and core components [3] - In 2024, Seres is projected to achieve revenue of CNY 145.176 billion, representing a year-on-year growth of 305.04%, with a net profit attributable to shareholders of CNY 5.946 billion [3] - For the first half of 2025, Seres reported revenue of CNY 62.402 billion, a decrease of 4.06% year-on-year, while net profit attributable to shareholders increased by 81.03% to CNY 2.941 billion [3] - Seres has collaborated with Huawei since 2021 to launch the AITO brand, which includes a product matrix of four models: M9, M8, M7, and M5 [3] - In September, Seres sold 44,678 new energy vehicles, marking a year-on-year increase of 19.44%, while total sales for the first nine months reached 304,600 units, a decrease of 3.82% year-on-year [3]