SERES(SH:601127) Ge Long Hui·2025-10-30 10:21Core Insights - Company reported a net profit of 5.312 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 31.56% [1] - Cumulative sales of the company's electric vehicles reached 304,629 units from January to September 2025 [1] Group 1: Financial Performance - Company achieved a total revenue of 110.534 billion yuan in the first three quarters of 2025 [1] - The net profit attributable to shareholders was 5.312 billion yuan, reflecting a growth of 31.56% compared to the previous year [1] Group 2: Product Development and Market Performance - The company has accelerated product iteration this year, launching multiple models including the new M5 Ultra, M9 2025, M8, and the all-new M7 [2][3] - Cumulative deliveries of the entire product line have surpassed 800,000 units, with the M9 model alone achieving over 250,000 deliveries in 21 months, setting a new record for 500,000-level models [3] - The M8 model has exceeded 100,000 deliveries within four months, while the new M7 has delivered over 20,000 units in just 36 days [3] Group 3: Technological Innovation and Industry Position - The company is committed to a "software-defined vehicle" technology strategy, investing heavily in innovation to enhance electric and intelligent core technologies [4][5] - The company has been recognized with the "2024 Golden Bull Most Investment Value Award" and ranked 190th in the China Enterprise 500 list, a significant leap of 270 places from the previous year [5] - The company has initiated its Hong Kong stock offering and plans to list on the Hong Kong Stock Exchange on November 5, 2025, becoming the first luxury electric vehicle company to be listed in both A-share and H-share markets [5]