SERES(SH:601127) Zhong Guo Jing Ji Wang·2025-11-05 05:09Core Viewpoint - Seres (601127) made its debut on the Hong Kong Stock Exchange on November 5, with an initial offering price of HKD 131.5 per share, experiencing significant volatility during the trading session, including a drop of over 77% to HKD 30 per share before stabilizing at a closing price of HKD 128.9, down 1.98% from the opening price [1]. Company Performance - Seres has seen a remarkable increase in its stock price since Huawei's involvement in 2021, with shares rising from around RMB 15 to a peak of RMB 174.35, representing a more than tenfold increase [3][4]. - The company reported a net profit of RMB 5.312 billion for the first three quarters of the year, marking a substantial year-on-year growth of 31.56% [4]. Product Success - The collaboration with Huawei has led to the successful launch of several models, including the Aito M9, M7, M8, and M5, with total deliveries exceeding 800,000 units [4]. - The Aito M9 has become the best-selling luxury model in the RMB 500,000 segment, while the M8 has surpassed 100,000 units in deliveries, and the M7 achieved over 20,000 units in just 36 days post-launch [4]. Strategic Vision - The president of Seres emphasized the necessity of embracing new technologies such as artificial intelligence, stating that innovation is essential for meeting user demands and ensuring sustainable development [5]. - The company aims to balance safety and growth while continuing to enhance its core competitiveness in the high-end market through cross-industry collaboration and technological innovation [5].