赛力斯：前三季度归母净利润53亿，同比增长超3成

Core Viewpoint - Company reported steady growth in revenue and total profit for the third quarter, with a slight decline in net profit attributable to shareholders, but a year-to-date net profit growth exceeding 30% due to increased gross margin [1][3]. Financial Performance - In Q3, the company's revenue reached 48.133 billion yuan, a year-on-year increase of 15.75%, while total profit surged to 2.974 billion yuan, up 31.29% year-on-year [3]. - The net profit attributable to shareholders was 2.371 billion yuan, a slight decrease of 1.74%, and the net profit excluding non-recurring items was 2.293 billion yuan, down 1.39% year-on-year [3]. - For the first three quarters, the company sold 304,600 new energy vehicles, a minor decline of 3.82% year-on-year, but revenue grew by 3.67% to 110.534 billion yuan, with total profit reaching 66.99 billion yuan, an increase of 68.97% [3]. - The net profit attributable to shareholders for the first three quarters was 5.312 billion yuan, up 31.56%, and the net profit excluding non-recurring items was 4.768 billion yuan, an increase of 26.7% [3]. Cash Flow and Financial Health - The net cash flow from operating activities for the first three quarters was 22.649 billion yuan, a year-on-year increase of 13.18%, with cash and cash equivalents at 59.54 billion yuan, up 29.5% year-on-year [3]. Product Launch and Market Outlook - The company launched the new Wanjie M7, which has seen over 20,000 units delivered within 36 days of its release, indicating strong market demand [4]. - The company is expected to maintain strong growth potential in the fourth quarter [4]. IPO and Fundraising - The company is in the final stages of its IPO process in Hong Kong, with shares expected to start trading on November 5, making it the first luxury new energy vehicle company to be listed in both A-share and H-share markets [5]. - The global offering includes 100.2 million H-shares, with cornerstone investors committing approximately 826.5 million USD, and the expected net proceeds from the offering are around 12.9249 billion HKD [5]. - The company plans to allocate 70% of the raised funds for research and development, along with investments in new marketing channels, overseas sales, and charging network services [5].