SERES(SH:601127) Ge Long Hui A P P·2025-11-13 08:46Core Viewpoint - The report indicates that the company has experienced year-on-year growth in both revenue and profit for the first three quarters, with a notable increase in sales in September 2025 [1] Group 1: Sales Performance - In September 2025, the company sold 48,286 units, representing a year-on-year increase of 8.33%, with 41,249 units sold for the AITO brand, marking a 15.14% increase [1] Group 2: New Product Launch - The all-new AITO Wenjie M7 was officially launched in September 2025, with a starting price of 279,800 yuan, featuring Huawei's Qian Kun intelligent driving ADS 4 and Harmony ALPS cockpit [1] Group 3: Strategic Partnerships - On October 9, 2025, the company signed a cooperation agreement with Huoshan Engine in Beijing to collaborate on embodied intelligence, leveraging each other's strengths for end-to-end business development [1] - The partnership will focus on projects related to "multi-modal cloud-edge collaborative intelligent robot decision-making, control, and human-machine enhancement technology," establishing a closed-loop mechanism for technology research and scene validation [1] Group 4: Investment Outlook - The company is optimistic about the new model cycle and the development of embodied intelligence business, maintaining a "buy" rating [1]