Core Viewpoint - The company, Seres, is set to become the first luxury new energy vehicle enterprise to be listed in both A and H shares, with its IPO scheduled from October 27 to 31, 2023, at a final price of HKD 131.50 per share, aiming to issue 8.419 million additional shares [1] Group 1: Company Performance and Market Position - Seres has seen significant growth in its sales since the launch of the Aito brand in 2021, with sales figures reaching 77,900 units in 2022 and projected to hit 388,700 units by mid-2025, making up 90.3% of the company's revenue in the first half of 2025 [2] - The company is expected to maintain its position as the third-largest player in the luxury new energy vehicle market in 2024, with its models, the Aito M7 and M9, ranking among the top five in sales [1][2] Group 2: Technological and Operational Strengths - Seres boasts four key technological strengths, including the self-developed Seres Magic Cube technology platform and the next-generation Seres Super Range Extender system, which contribute to its competitive edge in the industry [3] - The company has established a robust service support system across over 400 user centers and 700 experience centers in more than 220 cities, enhancing customer satisfaction and brand loyalty [3] Group 3: Future Outlook and Valuation - The company is expected to continue its growth trajectory, with projections indicating a doubling of revenue in 2024, driven by the popularity of the Aito models [3][4] - With a strong market presence and favorable investor sentiment, Seres is anticipated to achieve a significant valuation increase post-IPO, potentially leading to a tenfold market cap growth in the coming years [4]