SERES(SH:601127) 智通财经网·2025-11-03 02:34Core Viewpoint - The company, Seres, is set to launch its IPO on the Hong Kong Stock Exchange, aiming to raise capital and become the first luxury new energy vehicle company listed in both A and H shares, with a share price set at HKD 131.50 [1] Group 1: IPO Details - Seres plans to globally offer 100.2 million H shares, with 10.02 million shares available for public sale in Hong Kong and approximately 90.18 million shares for international sale [1] - The IPO is scheduled for subscription from October 27 to 31, with the listing date set for November 5 [1] - The Hong Kong IPO market has seen a surge, with 12 new stocks having subscription multiples exceeding 2000 times in the second half of the year [1] Group 2: Market Position and Performance - Seres is projected to maintain a third-place market share in the luxury new energy vehicle sector in 2024, with its models, the Wanjie M7 and M9, ranking among the top five in sales [1] - The Wanjie brand has shown significant sales growth since its launch in 2021, with sales figures of 77,900 units in 2022, 102,600 units in 2023, and 388,700 units in the first half of 2025, contributing 90.3% of the company's revenue in the same period [2] Group 3: Competitive Advantages - The company's success is attributed to its strong technological capabilities, including proprietary technologies and a deep partnership with Huawei, enhancing its competitive edge in the market [3] - Seres has established a robust service support system and has built over 400 user centers and 700 experience centers across more than 220 cities, ensuring efficient delivery and customer satisfaction [3] Group 4: Future Outlook - The company is expected to continue its growth trajectory, with projections of doubling revenue in 2024 and achieving profitability, distinguishing itself from competitors who are generally in loss [3] - With the anticipated launch of the Wanjie M8 in April 2025, Seres is expected to solidify its market position in the high-end segment, driving further sales growth [4] - The company's strong performance in the A-share market, with a market value increase of over 14 times since 2020, suggests a positive outlook for its upcoming H-share listing [4]