SERES(SH:601127) Zhong Zheng Wang·2025-11-28 07:09Group 1 - The luxury car market is becoming increasingly competitive, with the Wanjie M9 setting a new delivery record for vehicles priced at 500,000 yuan, highlighting its leadership in the high-end market and attracting significant attention from the capital market [1] - The Wanjie M9, a flagship product co-developed by Seres and Huawei, has surpassed cumulative deliveries of 260,000 units, maintaining its position as the sales champion in the 500,000 yuan luxury car segment [1] - Multiple securities firms, including CITIC Securities, Huachuang Securities, and Guohai Securities, have released reports expressing optimism about Wanjie's product strength and brand power [1] Group 2 - The successful listing of Seres on the Hong Kong Stock Exchange has established an "A+H" dual capital platform, with 30% of the funds raised earmarked for new model development, enhancing the high-end product matrix [2] - The Wanjie M9 has begun its overseas expansion, with the Hong Kong listing providing strong momentum for internationalization, focusing on core markets such as ASEAN and the Middle East [2] - Wanjie aims to consolidate its leading position in the high-end new energy vehicle market through a combination of product strength, brand power, and support from the capital market [2]