技术创新是企业发展之本。赛力斯始终立足技术创新，持续高强度投入研发，深耕电动化、智能化核心 技术，打造了赛力斯魔方技术平台2.0、赛力斯智能安全、赛力斯超级增程等多项行业领先成果，不断 推动品牌向上突破，夯实了企业发展的"护城河"。 资本层面，赛力斯同样实现重要跨越。2025年11月，赛力斯成功登陆港股，成为首家实现"A+H"两地上 市的豪华新能源车企。此次上市，不仅为赛力斯未来全球资源整合、技术研发协同、品牌价值提升开辟 更广阔空间，更将向国际资本市场展示中国新能源车企在高端市场的核心竞争力，助力"中国智造"在全 球高端新能源领域进一步突破。同期，赛力斯首次入选了中证A100指数，作为A股新能源汽车领域重要 企业代表，这不仅体现了其在当前市场的领先地位，也预示着公司在资本影响力与可持续发展方面将迈 上新台阶。 智通财经APP获悉，1月5日，赛力斯(09927)发布2025年12月产销快报。数据显示，赛力斯新能源汽车12 月销量60,981辆，同比增长63.40%，已连续三个月单月销量突破5万大关；1-12月累计销量达472,269 辆，同比增长10.63%，迎来年度销量新里程碑。问界2025年12月交付新车 ...

其中，问界2025年12月交付新车超5.7万辆，刷新单月交付纪录；2025全年累计交付新车突破42万辆， 领跑高端新能源汽车市场。 1月5日晚间，赛力斯(601127)发布2025年12月产销快报。当月，赛力斯新能源汽车销量60981辆，同比 增长63.40%，已连续三个月单月销量突破5万大关；2025年全年累计销量达472269辆，同比增长 10.63%，创下年度销量新里程碑。 资本层面，赛力斯同样实现重要跨越。2025年11月，赛力斯成功登陆港股，成为首家实现"A+H"两地上 市的豪华新能源车企。这一里程碑事件，不仅为赛力斯未来全球资源整合、技术研发协同、品牌价值提 升开辟更广阔空间，更将向国际资本市场展示中国新能源车企在高端市场的核心竞争力，助力"中国智 造"在全球高端新能源汽车领域进一步突破。同期，公司首次入选中证A100指数，进一步印证了其在A 股新能源汽车领域的龙头地位。 展望未来，赛力斯表示将继续以用户为中心、以技术为引擎，在智能电动汽车的赛道上稳步前行，致力 于打造更具竞争力与影响力的全球新能源汽车产品，引领行业迈向高质量发展新阶段。 （文章来源：证券时报网） 2025年，赛力斯坚持"软件定义 ...

1月5日，赛力斯发布2025年12月产销快报。数据显示，赛力斯新能源汽车12月销量60,981辆，同比增长 63.40%，已连续三个月单月销量突破5万大关；1-12月累计销量达472,269辆，同比增长10.63%，迎来年 度销量新里程碑。问界2025年12月交付新车超5.7万辆，创单月交付新纪录；2025全年累计交付新车突 破42万辆，领跑高端新能源汽车市场。 2025年，赛力斯坚持"软件定义汽车"的技术路线和"用户定义汽车"的市场导向，持续深耕高端化、智能 化、绿色化发展路径。通过不断完善产品矩阵，已形成问界M5、M7、M9、M8四大产品序列，全面覆 盖豪华细分市场。 截至目前，问界累计交付新车超97万辆，持续刷新中国新能源市场交付速度。其中，问界M9累计20个 月稳居50万元级以上豪华SUV销量第一，上市以来累计交付超26万辆，成为中国高端豪华车市场的代表 车型；问界M8上市8个月累计交付超15万辆，迅速占领40万元级高端SUV市场；问界M7累计交付超37 万辆，全新问界M7在2025年9月正式上市后，凭借全方位进阶的产品力，成为30万元级SUV的价值之 选。 技术创新是企业发展之本。赛力斯始终立足技术 ...

Core Viewpoint - Seres has officially listed on the Hong Kong Stock Exchange, becoming the first luxury new energy vehicle company to achieve dual listing in both A-share and H-share markets, marking a significant step in its international capital strategy and global expansion plans [1][3]. Group 1: Listing and Financials - The IPO is the largest by a Chinese car company to date and the largest globally since 2025, with Seres raising a net amount of HKD 14.016 billion through the issuance of 108.6 million shares [3]. - The funds raised will be primarily allocated to global product research and development, marketing services, channel construction, and necessary global production capacity [3]. Group 2: Product Development and Market Position - Seres has focused on high-end electric vehicles since its full transition to the sector in 2016, launching the AITO brand in collaboration with Huawei in 2021, which includes models M5, M7, M8, and M9 [5]. - The AITO brand has gained over 800,000 users, with the M9 model being the best-selling vehicle in the 500,000 RMB price segment in China for 19 consecutive months [5]. Group 3: Strategic Vision and Future Plans - The company aims to leverage the advantages of Hong Kong as an international financial hub to enhance its global competitiveness and product offerings [1][3]. - Seres is exploring the integration of artificial intelligence into its products, aiming to create intelligent, safe, and reliable mobile entities, thus transforming into a technology-driven enterprise [7]. - The company plans to continue its upward trajectory in the high-end electric vehicle market, focusing on innovation and user experience to strengthen its global brand presence [7].

Core Viewpoint - The company reported steady revenue growth and enhanced profitability in Q3 2025, with a net profit attributable to shareholders increasing by over 30% year-on-year, and a significant doubling of equity compared to the end of the previous year, indicating a substantial optimization of asset scale and financial structure [2]. Financial Performance Summary - Revenue for Q3 2025 reached 48.13 billion yuan, a year-on-year increase of 15.75%, while revenue for the first nine months of 2025 was 110.53 billion yuan, up 3.67% [2]. - Total profit for Q3 2025 was 2.97 billion yuan, reflecting a 31.29% year-on-year increase, and total profit for the first nine months was 6.70 billion yuan, up 68.97% [2]. - Net profit attributable to shareholders for Q3 2025 was 2.37 billion yuan, a slight decrease of 1.74% year-on-year, while for the first nine months, it was 5.31 billion yuan, an increase of 31.56% [2]. - The net cash flow from operating activities for the first nine months was 22.65 billion yuan, up 13.18% [2]. - Basic earnings per share for Q3 2025 were 1.49 yuan, down 6.88%, while for the first nine months, it was 3.34 yuan, up 25.09% [2]. - As of September 30, 2025, total assets reached 1215.06 billion yuan, a significant increase of 28.76% compared to the end of the previous year, and equity attributable to shareholders was 278.03 billion yuan, a surge of 126.7% [2]. Reasons for Performance Changes - The core reasons for the profit growth include an increase in gross margin and optimization of product layout, with net profit attributable to shareholders growing by 31.56% year-on-year for the first nine months of 2025 [3]. - The company has effectively controlled costs and expenses, with financial expenses improving year-on-year, resulting in a financial income of 604 million yuan for the first nine months, up from 193 million yuan in the previous year [4]. - The significant increase in equity is attributed to multiple capital operations, including issuing shares to acquire assets, minority shareholder capital increases, and substantial growth in net profit, which has directly enhanced retained earnings [5]. - The slight decline in net profit for Q3 2025 was minimally impacted by non-recurring gains and losses, which remained stable and did not provide significant additional support to quarterly profits, but did not affect the overall growth trend for the year [6].

Core Insights - The article highlights the "User-Defined Luxury" initiative by the company, emphasizing user engagement in product development and service enhancement [2][3] - The company aims to redefine luxury in the automotive sector through technological innovation and user feedback, focusing on safety and comfort as primary values [5][11] User Engagement - The company has been actively engaging with users through events like "Talking New Luxury with Users," where feedback on driving assistance and services is collected [1][3] - Users expressed pride in their ownership experiences, citing the professional sales approach and superior driving qualities of the vehicles [7][9] Safety and Technology - The chairman emphasized that user safety is the core of the company's philosophy, stating that safety precedes comfort and luxury [5] - The company has developed an intelligent safety system that includes four key areas: life protection, vehicle protection, health care, and privacy protection, ensuring comprehensive safety for users [11] Product Performance - The company has launched four series of vehicles, including the new M5, M7, M8, and M9, achieving a record delivery of 700,000 units in 40 months, setting a benchmark for new luxury electric vehicles in China [11] - Users reported significant cost savings with the vehicles, highlighting low energy consumption and the elimination of the need for a driver due to advanced driving assistance features [9][11] Brand Recognition - The company has been recognized for its commitment to user service, ranking first in the development confidence index according to a recent study, indicating a strong brand reputation [13] - The ongoing "Talking New Luxury with Users" events are part of the company's strategy to maintain deep connections with users while continuing to innovate in smart electric vehicles [13]

Core Viewpoint - Saisir Group expects significant growth in net profit for the first half of 2025, driven by a focus on software-defined vehicles and a strong product lineup [1][3]. Financial Performance - The company anticipates a net profit attributable to shareholders of 2.7 billion to 3.2 billion yuan, representing a year-on-year increase of 66.2% to 96.98% [1]. - The expected net profit, excluding non-recurring gains and losses, is projected to be 2.23 billion to 2.73 billion yuan, reflecting a growth of 55.13% to 89.92% year-on-year [1]. Sales Performance - In the first half of the year, Saisir sold a total of 198,600 vehicles, a decrease of 15.77% year-on-year [3]. - New energy vehicle sales reached 172,100 units, down 14.35% year-on-year [3]. - The flagship model, Wanjie M9, achieved sales of 62,500 units, marking a year-on-year increase of 6.28%, contributing significantly to net profit despite overall sales decline [3]. Product Development - The Wanjie M8, priced around 400,000 yuan, was launched in April and recorded sales of 35,200 units in the second quarter [5]. - The company continues to enhance its product offerings and market strategy, which has led to improved profitability and operational quality [3]. Strategic Initiatives - Saisir Group submitted an application for a mainboard listing on the Hong Kong Stock Exchange in April [5]. - The company announced a capital increase of 5 billion yuan from multiple strategic investors for its subsidiary, Saisir Automotive [5].