Group 1 - The World Economic Forum Annual Meeting 2026, themed "Spirit of Dialogue," took place in Davos, Switzerland, attracting nearly 3,000 representatives from over 130 countries to discuss global development issues [1] - The Vice President of Seres Group, Kang Bo, emphasized the importance of dialogue in establishing common goals and building win-win partnerships amid complex global changes [2] - Seres Group aims to create an open cooperative ecosystem, enhancing collaboration with global suppliers and transitioning from "going out" to "integrating in" [2] Group 2 - The Chinese new energy vehicle industry has rapidly developed over the past five years, shifting the focus from electrification to intelligence, with cars evolving into "mobile intelligent entities" [3] - Seres Group has positioned itself as a pioneer in intelligence, proposing the brand concept of "Smart Reshaping Luxury" and collaborating with Huawei to launch the high-end new energy vehicle brand, AITO [3] - The AITO series has received market recognition, with cumulative deliveries exceeding 1 million units, including over 270,000 units of the AITO M9, maintaining a leading position in the 500,000-level sales category for 21 consecutive months [3] - Looking ahead, Seres Group will continue to focus on three strategic directions: globalization, brand premiumization, and AI integration, while deepening collaborative innovation with global partners [3]

Core Insights - The Hong Kong IPO market continues its strong momentum from the previous year, with over 350 companies currently waiting to list as of early 2026 [1][3] - In the first three weeks of the new year, Hong Kong has completed 11 IPOs, raising approximately $4 billion [1] Group 1: IPO Market Dynamics - As of early 2026, the number of companies waiting to list has increased from 316 at the end of 2025 to over 350 within a few weeks [3] - The surge in IPO applications is ongoing, with 16 companies submitting applications to the Hong Kong Stock Exchange in the first seven working days of January 2026 [3] - The IPO pipeline includes leading companies from various sectors, including technology and traditional industries, with notable names such as Ruipai Pet Medical and Anker Innovations [5] Group 2: Geographic and Sectoral Trends - Companies from both first-tier and lower-tier cities in China are actively pursuing listings in Hong Kong, with three companies from Henan province advancing their IPO plans within a week [5] - The IPO market is characterized by a concentration of leading firms across emerging and traditional sectors, with over 70% of listed companies in 2025 coming from information technology, biomedicine, new energy, and high-end manufacturing [12] Group 3: Historical Performance and Future Projections - In 2025, Hong Kong regained its position as the top global IPO market, with 119 IPOs and a total fundraising amount of 2858 billion HKD, marking a 68% increase from 2024 [14] - Predictions for 2026 suggest that the IPO fundraising scale could exceed 300 billion HKD, with estimates ranging from 320 billion to 350 billion HKD and around 150 to 180 companies expected to successfully list [14][12] Group 4: Quality and Market Sentiment - The Hong Kong Stock Exchange emphasizes the importance of IPO quality, acknowledging that the recent surge in applications has led to some lower-quality submissions [16] - There is a growing trend of differentiation in the market, where larger projects and industry leaders are more likely to attract long-term funding, while smaller projects may face challenges based on market conditions and performance [16]

证券代码：601127 证券简称：赛力斯 公告编号：2026-003 股东名称 周昌玲 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 √是 □否 其他：不适用 持股数量 1,000股 持股比例 0.000057% 当前持股股份来源 集中竞价交易取得：1,000股 一、减持主体减持前基本情况 赛力斯集团股份有限公司 非执行董事减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 持股的基本情况 本次减持股份计划实施前，赛力斯集团股份有限公司（以下简称"公司"） 非执行董事周昌玲先生持有公司 1,000 股,约占公司总股本的 0.000057%。股票 来源为集中竞价交易取得，为无限售条件流通股。 减持计划的实施结果情况 公司于 2025 年 12 月 6 日披露了《非执行董事减持股份计划公告》（公告编 号：2025-099）。截至本公告披露日，周昌玲先生通过集中竞价方式已减持公司 股份 1,000 股，减持计划实施完毕。 上述 ...

（编辑 任世碧） 证券日报网讯 1月23日，赛力斯发布公告称，本次减持股份计划实施前，公司非执行董事周昌玲先生持 有公司1，000股，约占公司总股本的0.000057%。公司于2025年12月6日披露了《非执行董事减持股份 计划公告》（公告编号：2025-099）。截至本公告披露日，周昌玲先生通过集中竞价方式已减持公司股 份1，000股，减持计划实施完毕。 ...

每经AI快讯，1月23日，赛力斯公告，公司非执行董事周昌玲于2026年1月22日通过集中竞价方式减持 公司股份1000股，占公司总股本的0.000057%，减持计划已实施完毕。 每经AI快讯，1月23日，赛力斯公告，公司非执行董事周昌玲于2026年1月22日通过集中竞价方式减持 公司股份1000股，占公司总股本的0.000057%，减持计划已实施完毕。 ...

Core Insights - The milestone of producing the 1 millionth vehicle, the AITO Wenjie M9, signifies a successful cross-industry integration strategy by Seres Group, emphasizing high-end electric vehicles and collaboration with Huawei [1][7] - The average selling price of the vehicles exceeds 350,000 yuan, positioning Seres as one of the few profitable companies in the Chinese new energy vehicle sector [1][9] Group 1: Strategic Vision - Zhang Xinghai, the chairman of Seres, attributes the company's rapid growth to national industrial policies and identifies "high-end" and "cross-industry integration" as key components of their strategy [1][7] - The first five years focused on electric vehicle development, while the subsequent five years initiated a deep collaboration with Huawei, leveraging each other's strengths without forming a joint venture [2][9] Group 2: Market Performance - The company achieved the production of 1 million vehicles in just 46 months, with a significant average price point, demonstrating the effectiveness of their strategic approach [2][9] - The partnership with Huawei is characterized by a comprehensive integration of product definition, technology development, and brand marketing, moving beyond traditional supply chain cooperation [9] Group 3: User-Centric Approach - The core philosophy of the company revolves around delivering user value, with a commitment to continuous improvement based on user feedback [4][11] - Over the past two years, thousands of user suggestions have been collected and implemented, leading to high user satisfaction and a recommendation rate exceeding 40% [5][11] Group 4: Future Aspirations - The company aims to leverage AI to evolve vehicles into "emotional, smarter, safer, and more trustworthy mobile intelligent entities," indicating a shift towards emotional connection and intelligent coexistence [12] - Looking ahead, Seres plans to expand its global market presence, aspiring to position the Wenjie brand as a representative of Chinese high-end intelligent electric vehicles on the world stage [6][13]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Seres Group Co., Ltd. 賽力斯集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 香港，2026年1月23日 於本公告日期，本公司董事為：(i)執行董事張正萍先生、尹先知先生、申薇女士 及張正源先生；(ii)非執行董事張克邦先生、楊彥鼎先生、李瑋先生及周昌玲先 生；及(iii)獨立非執行董事李開國先生、張國林先生、景旭峰先生、黎明先生及 魏明德先生。 证券代码：601127 证券简称：赛力斯 公告编号：2026-003 赛力斯集团股份有限公司 （股份代號：9927） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列賽力斯集團股份有限公司在上海證券交易所網站刊登的《賽力斯集團股份 有限公司非執行董事減持股份結果公告》，僅供參閱。 承董事會命 賽力斯集團股份有限公司 董事長兼執行董事 張正萍先生 重要内容提示： 非执行董事减持股份结 ...

赛力斯公告称，非执行董事周昌玲减持股份计划实施完毕。本次减持前，周昌玲持有公司1000股，占总 股本的0.000057%，股份为集中竞价交易取得的无限售流通股。2026年1月22日，周昌玲通过集中竞价 方式减持1000股，减持价格为115.18元/股，减持总金额11.52万元。减持后，其不再持有公司股份。 ...

南财智讯1月23日电，赛力斯公告，公司非执行董事周昌玲于2026年1月22日通过集中竞价方式减持公司 股份1,000股，占公司总股本的0.000057%，减持计划已实施完毕。 ...

Core Viewpoint - Zhejiang Kema Material Co., Ltd. has officially listed on the Beijing Stock Exchange, leveraging its leading T2 core technology and strong performance in the automotive parts sector, positioning itself as a high-quality investment target in the capital market [1] Group 1: Technology and Production - The T2 dry extrusion process is a key competitive advantage for Kema Materials, showcasing significant technological leadership globally [1] - The T2 process offers comprehensive breakthroughs in environmental protection, production efficiency, and product performance compared to the traditional T1 wet process, including reduced organic solvent usage and lower natural gas consumption [1] - Kema Materials is the first company in China to achieve large-scale industrial application of the T2 production process, establishing a strong industry barrier through its technical scarcity [1] Group 2: Market Demand and Growth - The market demand for dry friction plates is optimizing under the automotive industry upgrade, providing Kema Materials with substantial growth opportunities [2] - In the commercial vehicle sector, manual transmission vehicles dominate the domestic market, while AMT automatic transmissions are widely used in Europe and the U.S., supporting stable global demand for dry friction plates [2] - The rapid rise of new energy hybrid vehicles in the passenger car sector has become a new growth engine, with the proportion of vehicles requiring dry friction plates in the domestic market reaching 27.94% by 2024 [2] Group 3: Strategic Initiatives and Funding - Kema Materials is proactively entering the wet paper-based friction plate market to seize domestic opportunities, with a focus on increasing the localization rate [3] - The company plans to invest 73.32% of the 206 million yuan raised from its IPO into upgrading the T2 dry extrusion process, which will add an annual production capacity of 10 million plates [3] - Kema Materials holds 80 authorized patents and has participated in drafting 13 national and industry standards, establishing a closed-loop innovation mechanism through collaboration with academic institutions [3]