Seres advances toward dual listing with HKEX approval

english.liangjiang.gov.cn| Updated: 2025-10-15

Seres reached a significant milestone after the Hong Kong Stock Exchange (HKEX) announced that the company has passed its main board listing hearing on Oct 13.

This approval sets the stage for Seres to potentially become the first luxury new energy vehicle (NEV) company to secure dual "A+H" listings, contingent on the successful completion of upcoming listing processes.

Seres, a technology-driven enterprise focused on new energy vehicles in Liangjiang New Area, is a leader in the high-end intelligent electric vehicle market. In 2021, Seres collaborated with Huawei to launch the premium smart NEV brand AITO, unveiling models such as the AITO M5, M7, M9, and M8.

This strategic move has established a comprehensive premium product lineup across various market segments. Its strong product offerings have driven rapid sales growth. In September alone, Seres sold 44,678 NEVs, a 19.44 percent increase compared to the previous year. From January to September this year, cumulative sales reached 304,629 units.

The AITO series has surpassed 800,000 total deliveries, with the AITO M9 alone achieving over 240,000 deliveries. The AITO M8, launched in April, has also performed impressively, with over 100,000 units delivered.

Seres has shown remarkable financial growth in recent years. In 2024, the company reported a record revenue of 145.18 billion yuan ($20.38 billion), a 305.04 percent increase year-over-year, with net profit attributable to shareholders reaching 5.95 billion yuan.

In the first half of this year, Seres maintained its growth momentum, achieving 62.40 billion yuan in revenue and 2.94 billion yuan in net profit attributable to shareholders, an 81.03 percent year-on-year increase.

Seres plans to use the raised funds to invest in research and development, diversify marketing channels, expand overseas sales, and enhance its charging network services.

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