SERES(SH:601127) Xin Jing Bao·2025-11-11 04:05Core Insights - Seres (stock code: 9927.HK) officially listed on the Hong Kong Stock Exchange on November 5, becoming the first luxury new energy vehicle company to achieve a dual listing in both A-share and H-share markets, marking a significant step in its international capital strategy [1][3] - The successful IPO is the largest by a Chinese car company to date and the largest globally since 2025, raising a net amount of HKD 14.016 billion through the issuance of 108.6 million shares [3] - The funds raised will be primarily invested in global product research and development, marketing services, channel construction, and necessary global production capacity [3] Company Strategy - Seres has committed to a "software-defined vehicle" technology route and a "user-defined vehicle" market orientation, focusing on high-end, intelligent, and green development [3] - The company has established a high-end product system through its partnership with Huawei, launching the AITO brand with models M5, M7, M8, and M9, which have collectively gained over 800,000 users [5] - The AITO M9 has been the best-selling model in the 500,000 RMB segment in China for 19 consecutive months, showcasing the brand's market strength [5] Future Outlook - The chairman of Seres, Zhang Xinghai, emphasized the company's commitment to exploring the industrial application of "artificial intelligence+" and transforming products into intelligent, safe, and reliable mobile companions [7] - The company aims to leverage its dual capital platform to enhance global competitiveness and influence, focusing on technological innovation and user experience as foundational elements for growth [7] - Seres is positioned to accelerate the global expansion of Chinese high-end new energy vehicle brands, reinforcing its status as a technology-driven enterprise [7]