Core Viewpoint - Company Saisir is set to launch its IPO on the Hong Kong Stock Exchange, aiming to become the first luxury electric vehicle company listed in both A-share and H-share markets, breaking the previous record held by Chery Automobile for the largest IPO of a car company in Hong Kong this year [1][4]. IPO Details - Saisir plans to issue 100.2 million H-shares, with 10.02 million shares available for public sale in Hong Kong and approximately 90.18 million shares for international placement, subject to adjustments based on demand [4]. - The expected net proceeds from the IPO, assuming the maximum offer price of HKD 131.50 per share and no exercise of the over-allotment option, is approximately HKD 12.9249 billion [4]. Investor Interest - The IPO has attracted 22 cornerstone investors, including notable funds such as Chongqing Industry Mother Fund, Linyuan Fund, and Schroders, indicating strong institutional interest [5]. Business Strategy and Market Position - Saisir focuses on high-end smart electric vehicles, having launched the premium smart electric brand "Wenjie" in collaboration with Huawei, with a product matrix that includes models M9, M8, M7, and M5 [5]. - According to Frost & Sullivan, Wenjie ranks fifth in the Chinese new energy passenger vehicle market with a market share of 3.7% and third in the high-end new energy passenger vehicle segment [5]. Financial Performance - For 2024, Saisir expects to achieve revenues of CNY 145.114 billion, a year-on-year increase of 305.47%, with a net profit of CNY 5.946 billion and a gross margin of 23.8%, making it the fourth global electric vehicle company to achieve profitability [6]. - In the first half of 2025, the company anticipates revenues of CNY 62.359 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% year-on-year growth [6]. Global Expansion - Saisir has begun its international expansion, entering markets in Europe, the Middle East, the Americas, and Africa, with established operations in countries such as Norway, Germany, the UK, and Switzerland [5]. - The upcoming IPO is expected to enhance Saisir's global resource integration, technological collaboration, and brand value, showcasing the competitiveness of Chinese electric vehicle manufacturers in the high-end market [6].

Core Viewpoint - Company is set to launch its IPO in Hong Kong, aiming to become the first luxury new energy vehicle company listed in both A-share and H-share markets, enhancing its global presence and competitiveness in the high-end market [1][5]. Group 1: IPO Details - The IPO will have a base issuance of 100.2 million H-shares, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international placement, subject to adjustments [2]. - At the maximum offer price of HKD 131.50 per share, the expected net proceeds from the offering are approximately HKD 12.9249 billion, assuming no exercise of the over-allotment option [2]. - The IPO has attracted 22 cornerstone investors, including notable funds such as Chongqing Industry Mother Fund and Schroders, indicating strong market interest [2]. Group 2: Business Performance and Growth - The company has achieved significant sales milestones, with over 200,000 units of the high-end electric vehicle model, the Wanjie M9, delivered since its launch in collaboration with Huawei [3]. - For the fiscal year 2024, the company projects revenues of approximately CNY 145.114 billion, representing a year-on-year growth of 305.47%, with a net profit of CNY 5.946 billion and a gross margin of 23.8% [5]. - In the first half of 2025, the company anticipates revenues of CNY 62.359 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% increase year-on-year [5].

Core Viewpoint - Seres Group is set to launch its IPO in Hong Kong, aiming to become the first luxury new energy vehicle company listed in both A-share and H-share markets, with the stock code "9927" [1] Group 1: IPO Details - The IPO period runs from October 27 to October 31, with the listing date scheduled for November 5 [1] - The total number of shares offered globally is 100.2 million H-shares, with 10.02 million shares allocated for the Hong Kong public and 90.18 million for international investors [5] - The maximum offering price is set at HKD 131.50 per share, with additional fees including a 1.0% brokerage commission and various transaction fees [5] Group 2: Financial Performance - For 2024, Seres is projected to achieve revenues of CNY 145.11 billion, representing a year-on-year growth of 305.47%, with a net profit of CNY 5.946 billion [6] - The gross margin for new energy vehicles is expected to rise to 23.8%, making Seres the fourth global new energy vehicle company to achieve profitability [6] - In the first half of 2025, the company anticipates revenues of CNY 62.36 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% year-on-year increase [6] Group 3: Strategic Goals - The IPO is expected to enhance Seres' global resource integration, technology collaboration, and brand value, showcasing the core competitiveness of Chinese new energy vehicle companies in the high-end market [7]

Core Viewpoint - Company is set to launch its IPO on the Hong Kong Stock Exchange, becoming the first luxury electric vehicle company to be listed in both A-share and H-share markets, highlighting its ambition in the high-end smart electric vehicle sector [2][3] Group 1: IPO Details - The IPO period runs from October 27 to October 31, with plans to officially list on November 5 under the stock code "9927" [2] - The company plans to issue 100.2 million H-shares, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international placement [2] - At the maximum offering price of HKD 131.50 per share, the expected net proceeds from the IPO are approximately HKD 12.9249 billion, assuming no exercise of the over-allotment option [2] Group 2: Investor Interest and Fund Utilization - The IPO has attracted 22 cornerstone investors, including notable funds such as Chongqing Industry Mother Fund and Schroders [2] - The raised funds will be allocated towards R&D, diversified marketing channels, overseas sales, charging network services, and general corporate purposes [2] Group 3: Business Performance and Growth - The company has experienced significant growth, projecting revenues of CNY 145.114 billion for 2024, a year-on-year increase of 305.47%, with a net profit of CNY 5.946 billion [3] - The gross margin for electric vehicles is expected to rise to 23.8%, positioning the company as the fourth globally profitable electric vehicle manufacturer [3] - For the first half of 2025, the company anticipates revenues of CNY 62.359 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% year-on-year growth [3] Group 4: Strategic Implications - The Hong Kong listing is expected to enhance the company's global resource integration, technology collaboration, and brand value, showcasing the core competitiveness of Chinese electric vehicle manufacturers in the high-end market [3]

Core Viewpoint - Seres has initiated its Hong Kong IPO, aiming to become the first luxury new energy vehicle company listed in both A-share and H-share markets, with the listing date set for November 5 under the stock code "9927" [1][3]. Group 1: IPO Details - The IPO will involve a base issuance of 100.2 million H-shares, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international placement, subject to adjustments based on demand and over-allotment options [3]. - The IPO has attracted 22 cornerstone investors, including notable entities such as Chongqing Industry Mother Fund, Linyuan Fund, GF Fund, Schroders, and China Post Life [3]. Group 2: Business Strategy and Growth - Seres focuses on high-end smart electric vehicles, having launched the premium smart new energy brand "AITO" in collaboration with Huawei since 2021, with products like AITO M9 and M8 contributing to significant sales growth [3]. - According to the prospectus, Seres is projected to achieve revenues of 145.114 billion yuan in 2024, representing a year-on-year growth of 305.47%, with net profit attributable to shareholders expected to increase significantly [3]. Group 3: Market Positioning - The Hong Kong listing is expected to enhance Seres' global resource integration, technology R&D collaboration, and brand value, showcasing the core competitiveness of Chinese new energy vehicle companies in the high-end market [3].

Core Viewpoint - Company is set to launch its IPO on the Hong Kong Stock Exchange, aiming to become the first luxury electric vehicle manufacturer listed in both A-share and H-share markets, enhancing its global presence and competitiveness in the high-end market [1][4]. Group 1: IPO Details - The IPO will have a base issuance of 100.2 million H-shares, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international placement, subject to adjustments [3]. - The expected net proceeds from the IPO, assuming the maximum offer price of HKD 131.50 per share and no exercise of the over-allotment option, is estimated at HKD 12.9249 billion [3]. Group 2: Investor Interest - The IPO has attracted interest from 22 cornerstone investors, including notable funds such as Chongqing Industry Mother Fund, Linyuan Fund, and Schroders, indicating strong market confidence [3]. Group 3: Business Performance - The company reported a projected revenue of CNY 145.114 billion for 2024, representing a year-on-year growth of 305.47%, with a net profit of CNY 5.946 billion and a gross margin of 23.8% in the electric vehicle segment [4]. - For the first half of 2025, the company anticipates revenue of CNY 62.359 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% increase year-on-year [4]. Group 4: Strategic Goals - The funds raised from the IPO will be allocated towards R&D, diversified marketing channels, overseas sales, charging network services, and general corporate purposes, positioning the company for future growth [3][4]. - The listing is expected to enhance the company's ability to integrate global resources, collaborate on technology development, and elevate brand value, showcasing the competitiveness of Chinese electric vehicle manufacturers in the high-end market [4].

Core Viewpoint - Company Seres is launching its IPO in Hong Kong, aiming to become the first luxury new energy vehicle company listed in both A-share and H-share markets, with a focus on high-end smart electric vehicles [1][5] Group 1: IPO Details - The IPO period runs from October 27 to October 31, with the listing date set for November 5 under the stock code "9927" [1] - Seres plans to issue 100.2 million H-shares, with 10.02 million shares available for public offering in Hong Kong and approximately 90.18 million shares for international placement [3] - The estimated net proceeds from the IPO, assuming the maximum offering price of HKD 131.50 per share and no exercise of the over-allotment option, is expected to be HKD 12.9249 billion [3] Group 2: Investor Interest and Fund Utilization - The IPO has attracted 22 cornerstone investors, including notable funds such as Chongqing Industry Mother Fund and Schroders [3] - The raised funds will be allocated for R&D, diversified marketing channels, overseas sales, charging network services, and general corporate purposes [3] Group 3: Financial Performance - According to the prospectus, Seres is projected to achieve revenue of CNY 145.114 billion in 2024, representing a year-on-year growth of 305.47%, with a net profit of CNY 5.946 billion [4] - For the first half of 2025, the company expects to continue its growth trajectory with revenue of CNY 62.359 billion and a net profit of CNY 2.941 billion, marking an 81.03% increase year-on-year [4] Group 4: Strategic Implications - The Hong Kong listing is anticipated to enhance Seres' global resource integration, technology collaboration, and brand value, showcasing the core competitiveness of Chinese new energy vehicle companies in the high-end market [5]

Core Viewpoint - The company, Seres, has announced a cash dividend distribution plan for the first half of 2025, reflecting strong financial performance and growth in the electric vehicle sector [2][3]. Financial Performance - For the first half of 2025, Seres reported a revenue of 62.402 billion yuan and a net profit attributable to shareholders of 2.941 billion yuan, marking a year-on-year increase of 81.03% [2]. - The company's R&D investment saw a significant increase of 154.9% compared to the previous year [2]. Dividend Distribution - The total cash dividend distribution amounts to 506 million yuan, with a per-share dividend of 0.31 yuan (tax included), based on a total share capital of approximately 1.633 billion shares [2]. - The record date for the dividend is set for October 29, 2025, with the ex-dividend date and payment date on October 30, 2025 [2]. Product Development and Sales - The product lineup under the "Wenjie" series has been continuously enhanced, with new models such as Wenjie M5 Ultra, Wenjie M9 2025, Wenjie M8, and the all-new Wenjie M7 launched this year [2]. - In September, Seres sold 44,678 electric vehicles, representing a year-on-year growth of 19.44%, with total sales from January to September reaching 304,600 units [2]. Market Position and Future Outlook - Seres has initiated an H-share issuance plan and has passed the listing hearing on the Hong Kong Stock Exchange, positioning itself for dual listing [3]. - The market remains optimistic about Seres' growth potential, especially with the upcoming peak season for car purchases and the synergistic effects of its product matrix [3]. - As of October 23, 2023, Seres' stock price was 158.47 yuan per share, with a market capitalization of 258.8 billion yuan, reflecting a year-to-date increase of 19.67% [3].

Core Viewpoint - The company, Seres, has announced a cash dividend distribution plan for the first half of 2025, reflecting strong financial performance and growth in the electric vehicle sector [1][2]. Financial Performance - For the first half of 2025, Seres reported a revenue of 62.402 billion yuan and a net profit attributable to shareholders of 2.941 billion yuan, marking a year-on-year increase of 81.03% [1]. - The company's R&D investment saw a significant increase of 154.9% compared to the previous year [1]. Dividend Distribution - The total cash dividend distribution amounts to 506 million yuan, with a per-share dividend of 0.31 yuan (tax included), based on a total share capital of approximately 1.633 billion shares [1]. - The record date for the dividend is set for October 29, 2025, with the ex-dividend date and payment date on October 30, 2025 [1]. Product Development and Sales - The product lineup under the "Wenjie" series has been continuously enhanced, with new models such as Wenjie M5 Ultra, Wenjie M9 2025 version, and the all-new Wenjie M7 launched [1]. - In September, Seres sold 44,678 electric vehicles, representing a year-on-year growth of 19.44%, with total sales from January to September reaching 304,600 units [1]. Market Position and Future Outlook - Seres has initiated an H-share issuance plan and has passed the listing hearing on the Hong Kong Stock Exchange, positioning itself for dual listing [2]. - The market remains optimistic about Seres' growth potential, especially with the upcoming peak season for car purchases and the synergistic effects of its product matrix [2][3].

Core Viewpoint - Seres has successfully passed the listing hearing on the Hong Kong Stock Exchange, marking it as the first luxury new energy vehicle company to achieve a dual listing in both A-share and H-share markets [1][4] Group 1: Company Overview - Seres focuses on high-end intelligent electric vehicles, having launched the high-end smart electric vehicle brand "Wenjie" in collaboration with Huawei in 2021 [1] - The company has released four models: Wenjie M5, M7, M9, and M8, establishing a comprehensive product system covering various market segments [1] Group 2: Sales Performance - In September 2023, Seres sold 44,678 new energy vehicles, representing a year-on-year increase of 19.44%, with total sales from January to September reaching 304,629 vehicles [3] - The cumulative delivery of the Wenjie series has surpassed 800,000 units, setting a record for the delivery speed of luxury new energy brands in China [3] - The Wenjie M9 model has achieved cumulative deliveries of over 240,000 units, making it the best-selling model in the 500,000 yuan market segment [3] Group 3: Financial Performance - For 2024, Seres is projected to achieve revenue of 145.176 billion yuan, a year-on-year increase of 305.04%, marking a historical high [3] - The net profit attributable to shareholders is expected to reach 5.946 billion yuan, with a gross margin for new energy vehicles rising to 26.21%, making it the fourth global new energy vehicle company to achieve profitability [3] - In the first half of the year, the company reported revenue of 62.402 billion yuan and a net profit of 2.941 billion yuan, reflecting a year-on-year growth of 81.03% [3] Group 4: Future Plans - Following the successful hearing, Seres aims to expedite its listing process in Hong Kong, leveraging the dual capital platform to enhance its leading position in the luxury new energy sector and achieve higher quality development [4]