SERES(SH:601127) Xin Hua Wang·2025-11-05 15:09Core Viewpoint - Seres Group has become the first luxury new energy vehicle company to be listed in both A-share and H-share markets, marking a significant milestone in the industry [1] Group 1: Listing and Financial Performance - Seres Group was listed on the Hong Kong Stock Exchange on November 5, achieving a total market capitalization of HKD 228 billion at the close of trading [1] - The company raised a net amount of HKD 14.016 billion, making it the largest IPO for a mainland car company to date and the largest globally since 2025 [1] - The trading volume reached 18.59 million shares on the first day of listing [1] Group 2: Government Support and Market Trends - The Financial Secretary of the Hong Kong Special Administrative Region highlighted that over half of the companies listed in Hong Kong this year have international business operations, with an average of about half of their revenue coming from overseas markets [1] - The government plans to continue optimizing the system to enhance the vitality and competitiveness of the Hong Kong market, aiming to attract more investors and capital [1] Group 3: Future Plans and Strategic Focus - The funds raised will be primarily invested in global product research and development, marketing services, channel construction, and global production capacity [1] - The Chairman of Seres Group emphasized the company's commitment to advancing intelligent safety and green low-carbon development in the global automotive industry [1] - Seres aims to leverage its dual capital platform to strengthen safety and experience, promoting the brand's growth and accelerating the entry of Chinese high-end new energy vehicle brands into the global market [1]