SERES(SH:601127) Sou Hu Cai Jing·2025-10-27 12:58Core Viewpoint - Seres Group Co., Ltd. is set to officially launch its IPO, becoming the first luxury new energy vehicle company to be listed in both A-share and H-share markets, with trading expected to begin on November 5 in Hong Kong [1][3] Group 1: IPO Details - The total number of shares for the global offering is 100.2 million H-shares, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international offering [3] - The maximum offer price is HKD 131.5, and the expected net fundraising amount is HKD 12.9249 billion (approximately RMB 11.828 billion) if the over-allotment option is not exercised [3] - The company has attracted 22 cornerstone investors, including Chongqing Industry Fund, Linyuan Fund, GF Fund, and Schroders, with plans to use the funds for R&D, diversified marketing channels, overseas sales, charging network services, and general corporate purposes [3] Group 2: Financial Performance - As of the first half of 2025, the company projects revenue of RMB 62.402 billion and a net profit attributable to shareholders of RMB 2.941 billion, representing a year-on-year growth of 81.03% [3] - R&D investment is expected to reach RMB 5.198 billion, showing a year-on-year increase of 154.9% [3] - From January to September this year, the cumulative sales of Seres' new energy vehicles reached 304,000 units [3] Group 3: Strategic Implications - The Hong Kong listing is anticipated to enhance the company's global resource integration, collaborative technology development, and brand value, showcasing the core competitiveness of Chinese new energy vehicle companies in the high-end market [3] - This move is expected to further promote "Chinese manufacturing" in the global high-end new energy sector [3]