SERES(SH:601127) 经济观察报·2026-03-27 13:41Group 1 - The core point of the article is the rapid change in the ownership structure of Chongqing Blue Electric Technology Co., Ltd. (Blue Electric Technology), where Sairisi regained 100% control just over a month after state-owned enterprises exited the shareholder sequence [2][3]. - On March 20, Blue Electric Technology completed a business change, with Qingfeng Technology and Yuan Investment Warehouse officially withdrawing, allowing Sairisi to regain control [2]. - Sairisi had previously signed a cooperation agreement with the Shapingba District Government on February 9, which involved the separation of existing assets related to Blue Electric, resulting in Sairisi losing control over the new company and the Blue brand's future development [2]. Group 2 - The Blue brand, launched by Sairisi in March 2023, aims to penetrate the mainstream new energy vehicle market priced between 100,000 to 150,000 yuan, enhancing self-development capabilities and reducing reliance on Huawei [4]. - The first model, Blue E5, features BYD's Fudi battery and Huawei's HiCar 3.0 system, but its market performance has not met expectations, with cumulative sales of 20,096 vehicles from January to November 2025, and an annual forecast of over 20,000 vehicles [4]. - The return of Blue Electric's ownership to Sairisi may indicate a strategic shift to continue leading this budget brand to cultivate new growth points, despite previous plans to divest [4]. Group 3 - Following the ownership change, Blue Electric Technology's management team was adjusted, with new members from Sairisi's core team taking over, indicating a consolidation of control [5]. - Sairisi reported significant revenue growth, achieving 110.534 billion yuan in revenue and a net profit of 5.312 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 31.56% due to the success of the AITO brand [5].