AutoBeta(AutoBeta.net)11/05 Report--

On the afternoon of November 5, Cyrus rose by the daily limit in the afternoon, and its share price reached a new high, with a turnover of more than 14.5 billion yuan. As of 15:00 Beijing time on Nov. 5, Selis shares closed at 137.85 yuan, up 10.00%, with a turnover of 15.034 billion yuan, with a total market capitalization of 208.1 billion yuan.

On the face of the news, there are rumors in the market that Cyrus has officially announced its entry into the robot field and will hold the 2024 Cyrus Special Technology Forum on humanoid Robots on November 21. Cyrus has laid out humanoid robots and issued recruitment for related positions, and the business is undertaken by Chongqing Cyrus Phoenix Zhichuang Technology Co., Ltd., which is a joint venture between Cyrus and Chongqing Finance Bureau holding Company. In response to the above rumors, on the evening of November 4, Cyrus Group issued a statement to clarify. With regard to the relevant information circulated on the Internet that "Cyrus will carry out humanoid robot business", the Cyrus Group said in a statement: 1. Cyrus has no plans to hold meetings such as the "humanoid Robot Technology Forum". The relevant screenshot information circulated on the Internet is also not true; 2. Selis has not cooperated with any partners on humanoid robots. 3. As a technology-based automobile enterprise, the company will continue to anchor the main track of new energy smart electric vehicles and pay attention to the cutting-edge technology exploration and research and development in related fields.

Selis Group, formerly known as Chongqing Xiaokang Industrial Group Co., Ltd., was established in September 1986, and Selis Automobile is the brand of new energy vehicles under the group. On August 9 this year, the Selis Group announced that the company intends to acquire the 19.355% stake held by Chongqing Jinxin Equity Investment Fund Partnership (Limited Partnership), a minority shareholder of the holding subsidiary Selis Automobile Co., Ltd. (hereinafter referred to as "Selis Automobile"), with a transaction value of about 1.329 billion yuan. After the completion of the transaction, the company's shareholding in Selis Motor increased from 80.645% to 100%. Selis Motor, a wholly-owned subsidiary, plans to pay cash for a 10.00% stake in Huawei Technology's Shenzhen Vision Intelligent Technology Co., Ltd., at a transaction price of 11.5 billion yuan, Cyrus announced on Sept. 20.

Relying on Huawei, AITO has become one of the leading automakers in China. Selis is the core brand of Selis, which has occupied most of its sales for a long time. Data show that Selis sold 369400 cars in the first three quarters of 2024, up 170.07% from a year earlier. Of these, sales of new energy vehicles were 316700, an increase of 364.23 percent over the same period last year, and Selis cars were 293000, an increase of 625.34 percent over the same period last year.

On November 1st, Cyrus released its latest sales figures. Data show that Selis New Energy vehicle sales in October were 36011, up 104.61% from the same period last year. From January to October this year, Selis New Energy vehicle sales totaled 352724, up 310.99% from the same period last year.

On October 30th Cyrus released its results for the first three quarters of 2024. Selis's revenue in the first three quarters was 106.627 billion yuan, an increase of 539.24% over the same period last year. The net profit belonging to shareholders of listed companies was 4.038 billion yuan. Cyrus said that the sharp increase in revenue in the first three quarters was due to the company's continued growth in sales and operating revenue, product restructuring, growth in the sales scale of high-value products, and the company's adherence to the business policy of technological innovation and value contribution. the fine management of the whole chain of production and operation is caused by the increase in gross profit margin compared with the same period last year.

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