SERES(SH:601127) Shang Hai Zheng Quan Bao·2025-10-27 06:49Core Viewpoint - Seres Group is set to launch its IPO in Hong Kong, aiming to become the first luxury new energy vehicle company listed in both A-share and H-share markets, with the stock code "9927" [1] Group 1: IPO Details - The IPO period runs from October 27 to October 31, with the listing date scheduled for November 5 [1] - The total number of shares offered globally is 100.2 million H-shares, with 10.02 million shares allocated for the Hong Kong public and 90.18 million for international investors [5] - The maximum offering price is set at HKD 131.50 per share, with additional fees including a 1.0% brokerage commission and various transaction fees [5] Group 2: Financial Performance - For 2024, Seres is projected to achieve revenues of CNY 145.11 billion, representing a year-on-year growth of 305.47%, with a net profit of CNY 5.946 billion [6] - The gross margin for new energy vehicles is expected to rise to 23.8%, making Seres the fourth global new energy vehicle company to achieve profitability [6] - In the first half of 2025, the company anticipates revenues of CNY 62.36 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% year-on-year increase [6] Group 3: Strategic Goals - The IPO is expected to enhance Seres' global resource integration, technology collaboration, and brand value, showcasing the core competitiveness of Chinese new energy vehicle companies in the high-end market [7]