SERES(SH:601127) Zheng Quan Shi Bao Wang·2025-11-05 03:22Group 1 - Company Seres officially listed on the Hong Kong Stock Exchange on November 5, becoming the first luxury new energy vehicle company in China to achieve a dual listing in both A-share and H-share markets [1] - The IPO raised a net amount of HKD 14.016 billion, marking the largest IPO for a Chinese automotive company to date and the largest global automotive IPO in Hong Kong since 2025 [1] - The successful listing opens a new international financing platform for the company, injecting long-term development momentum and laying a solid foundation for future global strategic layout [1] Group 2 - The Hong Kong IPO was met with significant market enthusiasm, with the public offering being oversubscribed by 133 times and total financing subscriptions exceeding HKD 170 billion [1] - Approximately 70% of the funds raised will be allocated to research and development, while around 20% will be used for diversifying new marketing channels, overseas sales, and charging network services [1] - The issuance attracted 22 cornerstone investors, highlighting the capital market's recognition of Seres' high-quality development and growth potential, which will enhance the company's valuation and capital operation efficiency [1] Group 3 - Seres focuses on high-end smart electric vehicles, with its brand "Wenjie" having launched four models: Wenjie M9, M8, M7, and M5, with cumulative deliveries exceeding 800,000 units [2] - The company's global footprint has expanded to cover multiple countries across Europe, the Middle East, the Americas, and Africa, with successful market penetration in key European regions such as Norway, Germany, the UK, and Switzerland [2] - With the support of the "A+H" dual capital platform, Seres aims to continue driving technological innovation, enhancing brand value, and expanding its global market presence [2]