格隆汇11月5日｜今日赛力斯(9927.HK)上市，乐舒适(2698.HK)申购。 ...

Group 1 - The People's Bank of China will conduct a 700 billion yuan reverse repurchase operation with a term of 3 months (91 days) [1] - The China Securities Regulatory Commission emphasizes risk prevention, strong regulation, and promoting high-quality development in the capital market [1] - The new version of the basic medical insurance drug catalog and the first version of the commercial insurance innovative drug catalog are expected to be released in December and implemented from January 1, 2026 [2][3] Group 2 - True Love Home announced a potential change in control, leading to a suspension of trading from November 5, with an expected duration of no more than 2 trading days [5] - Shida Group plans to acquire 95% of Fujian Shuchan Ming Shang Technology Co., Ltd. for 185 million yuan, which is expected to enhance its main business revenue and profit scale [5] - Fuyao Glass has completed the registration of a change in its legal representative, with no other changes to its business license [7] Group 3 - The implementation of artificial intelligence in healthcare is set to enhance the quality of health services, with a goal to establish high-quality data sets and intelligent applications by 2027 [4] - The China Securities Regulatory Commission aims to improve the efficiency of overseas listing filings and expand the scope of stock trading through the Shanghai-Hong Kong Stock Connect [2]

Core Viewpoint - The article highlights the transformation and growth of Seres, a luxury electric vehicle manufacturer, emphasizing its strategic partnerships and technological advancements in the automotive industry [2][5][6]. Company Overview - Seres, founded 39 years ago, has undergone three major transformations, evolving from a spring manufacturer to a key player in the high-end smart electric vehicle market [3][5]. - The name "Seres" originates from the Greek word for "Silk Country," symbolizing luxury and the brand's ambition to create a unique path for Chinese automotive brands [2]. Business Development - The first transformation involved breaking foreign market monopolies in the auto parts sector, achieving over 90% market share in specific segments [3]. - The second transformation occurred through a partnership with Dongfeng Motor, leading to the establishment of Dongfeng Xiaokang and entry into complete vehicle manufacturing [5]. - The third transformation began around 2016, focusing on new energy technology and smart connected vehicle solutions, with significant R&D efforts in Silicon Valley [5][6]. Strategic Partnerships - In 2021, Seres partnered with Huawei, launching the AITO brand, which has rapidly gained market traction, with the M9 model delivering over 250,000 units in 21 months and leading the luxury car market in China [6][7]. - The collaboration with Huawei is described as a mutually beneficial relationship that capitalizes on both companies' strengths, marking a significant cross-industry integration [6]. Financial Performance - For the first three quarters of 2025, Seres reported a net profit of 5.312 billion yuan, a year-on-year increase of 31.56% [6]. - The cumulative delivery of AITO models has surpassed 800,000 units, with the M9 model being the best-selling luxury vehicle in its price segment [6][7]. Industry Position - Seres has been recognized as the fastest-growing company in the 2025 Fortune China 500 list, climbing 270 places to rank 190 [7]. - The brand has achieved the highest confidence index in the automotive sector for the first half of 2025, with the M9 model leading in net promoter score [7]. Technological Innovation - Seres has established a highly automated and intelligent manufacturing facility, positioning itself as a global benchmark in smart factories [8]. - The company is actively pursuing advancements in artificial intelligence and smart technology, emphasizing the necessity of innovation in the automotive industry [9]. Future Outlook - Seres aims to solidify its position in the luxury vehicle segment by 2025, focusing on the integration of smart electric vehicles and digital technologies [9]. - The company plans to continue leveraging cross-industry collaborations and technological innovations to enhance safety and sustainability in the automotive sector [9].

Group 1 - The article provides an overview of the upcoming events for Hong Kong-listed companies on November 5, 2025, including new stock activities and performance announcements [1][3] - Companies mentioned include 乐舒适 (in the process of IPO), 赛力斯 (listing date), and others such as 亚洲富思, 人和科技, 中国金石, 中原银行, 艾硕控股, 讯飞医疗科技, 圣马丁国际, 正乾金融控股, and 交银国际 [3]

Group 1: Key Technologies and Innovations - Tesla's Cybercab, an autonomous electric vehicle, made its Asia-Pacific debut at the expo, featuring a streamlined design that allows for a range of approximately 10 kilometers per kilowatt-hour [2] - Tesla plans to start mass production of the Cybercab in Q2 2026, equipped with wireless charging and robotic cleaning capabilities [2] - The Q-Truck, an all-time autonomous electric heavy truck from Xijing Technology, has successfully operated in multiple countries and is now being utilized in logistics at factories [3] - BD Medical showcased an AI hand diagnosis health detection device aimed at enhancing individual health awareness, along with several new medical products [4] - Boston Scientific presented the Orbera365, an innovative endoscopic gastric balloon system for weight loss, which can remain in place for up to one year [5] Group 2: Global Products and Market Opportunities - The expo features a variety of international products, including specialty items from New Zealand, Argentina, and Africa, highlighting the growing presence of quality foreign goods in China [6] - Mato Grosso, Brazil's largest agricultural state, emphasized its commitment to the Chinese market by showcasing its agricultural products at the expo [6] - Zeiss, a global leader in optics, has significantly invested in China, establishing a comprehensive local supply chain and viewing the expo as a vital platform for innovation and market entry [8] - Lok, a well-known chocolate brand in Latin America, has successfully entered the Chinese market through the expo, establishing a strong retail presence [9]

Core Points - Sais Group Co., Ltd. has set the final offer price for its global issuance at HKD 131.50 per share [1] - The total number of H shares issued in this global offering is 108,619,000, with 10% allocated for public offering in Hong Kong and 90% for international placement [1] - The total funds raised from this issuance amount to approximately HKD 14.28 billion, with a net amount of about HKD 14.02 billion after deducting listing expenses [1] Public Offering - The Hong Kong public offering received strong investor interest, with a total of 202,321 valid applications, resulting in an oversubscription of 132.68 times [1] - A total of 10,861,900 shares were allocated to the public offering segment [1] International Placement - The international placement attracted 234 participants, with an oversubscription of 8.61 times, leading to the allocation of 97,757,100 shares [1] - Due to the enthusiastic response from the public offering, the company exercised its option to adjust the offering volume, issuing an additional 8,419,000 shares [2] Cornerstone Investors - The offering includes a strong lineup of cornerstone investors, with 20 institutions and individuals participating, collectively receiving 48,828,700 shares, which is 44.95% of the total global offering [2] - Notable allocations include 16,553,200 shares to the Chongqing Industry Mother Fund, representing 15.24% of the total [2] Listing Information - The H shares of Sais Group are expected to be listed on the Hong Kong Stock Exchange on November 5, 2025, under the stock code 9927, with a trading unit of 100 shares [2] - The company has applied for a waiver from the requirement to allocate shares to existing minority shareholders, allowing some existing shareholders to participate as cornerstone investors or underwriters [2]

Major Events - Thinker Education (01769) has established a joint venture with Shenzhen Huaxia Junyong to develop and explore educational artificial intelligence robots [1] - Aide New Energy (02623) received a buyout offer at a discount of approximately 48.7% and will resume trading on November 4 [1] - Giant Star Legend (06683) signed a sales contract for robots worth over 20 million yuan, marking a significant step in cross-industry IP commercialization [1] - Baset Pharmaceutical-B (02616) announced that the IND for the combination therapy of CS2009 (PD-1/VEGF/CTLA-4 tri-specific antibody) has been approved in China, further exploring the potential of tri-antibody treatment [1] - Sirus (09927) raised approximately 14.016 billion HKD from a global offering, with the Hong Kong public offering being oversubscribed by 132.68 times [1] - Junsen Electronics (00699) set the offer price for H shares at 22 HKD per share [1] - WeRide (00800) finalized the offer price at 27.10 HKD per share [1] Financial Data - Yum China (09987) reported a 8% year-on-year increase in operating profit for the third quarter, reaching 400 million USD, with a quarterly dividend of 0.24 USD per share [1] - Yuexiu Property (00123) recorded a cumulative contract sales amount of approximately 92.102 billion CNY in the first ten months, representing a year-on-year increase of about 1.2% [1] - Country Garden (02007) achieved a contract sales amount of approximately 2.9 billion CNY in October attributable to shareholders [1]

Core Viewpoint - Company Seres (601127)(09927) has successfully completed its global offering of H-shares, raising approximately HKD 14.016 billion through the issuance of 108.6 million shares at a price of HKD 131.5 per share [1] Group 1 - The global offering consisted of 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The Hong Kong public offering was oversubscribed by 132.68 times, while the international offering was oversubscribed by 8.61 times [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on November 5, 2025, at 9:00 AM Hong Kong time [1]

Core Viewpoint - Company Seres (09927) has successfully completed its global offering of H-shares, raising approximately HKD 14.016 billion through the issuance of 108.6 million shares at a price of HKD 131.5 per share [1] Summary by Category Offering Details - The global offering consisted of 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The offering price was set at HKD 131.5 per share, leading to net proceeds of around HKD 14.016 billion [1] Subscription Demand - The Hong Kong public offering was oversubscribed by 132.68 times, indicating strong local interest [1] - The international offering saw a subscription rate of 8.61 times, reflecting significant demand from global investors [1] Trading Information - H-shares are expected to commence trading on the Hong Kong Stock Exchange on November 5, 2025, at 9:00 AM Hong Kong time [1]

Core Viewpoint - Company announced a global offering of 108,619,000 H-shares at a price of HKD 131.50 per share, with net proceeds amounting to HKD 14.016 billion [1] Group 1: Offering Details - The public offering in Hong Kong accounted for 10% of the total shares, with a subscription rate of 132.68 times [1] - The international offering represented 90% of the total shares, with a subscription rate of 8.61 times [1] - If the global offering becomes unconditional by November 5, 2025, trading of H-shares is expected to commence on the same day at 9:00 AM Hong Kong time [1] Group 2: Trading Information - The trading unit for H-shares is set at 100 shares per lot, with the stock code being 9927 [1]