IT Home October 10 News, Seres (601127) announced this evening that the company is progressing with the relevant work for applying to issue overseas listed foreign shares (H-shares) and list on the Main Board of the Hong Kong Stock Exchange. The Listing Committee of the Hong Kong Stock Exchange held a listing hearing on October 9, 2025, to review the company's application for this issuance and listing.

The joint sponsors for this issuance and listing received a letter from the Hong Kong Stock Exchange on October 10, 2025, indicating that the Listing Committee has reviewed the company's listing application. However, this letter does not constitute formal approval for listing, and the Hong Kong Stock Exchange retains the right to raise further opinions regarding the company's listing application.

IT Home notes that Seres had already submitted an IPO application to the HKEX as early as April this year, with CICC (601995) and China Galaxy International (601881) acting as joint sponsors.

In 2024, Seres achieved operating revenue of 145.176 billion yuan, a year-on-year increase of 305.04%, reaching a record high. Net profit attributable to shareholders of the listed company reached 5.946 billion yuan, turning a profit compared to the loss in the previous year. The gross profit margin for new energy vehicles improved to 26.21%. The company maintained high-intensity R&D investment, with R&D expenditure reaching 7.053 billion yuan in 2024, a year-on-year increase of 58.9%.

In September this year, Seres announced that the issuance of overseas listed foreign shares (H-shares) had obtained filing from the China Securities Regulatory Commission.