Water Co., Ltd.: Company's LCP Materials Used in Robot Motors, Currently Accounting for a Small Proportion of Revenue

On December 19, an investor asked Seres about the company's revenue of 110.5 billion and sales expenses of 15.99 billion in the first three quarters. In comparison, BYD's revenue for the first three quarters was 566.3 billion, with sales expenses of 18.51 billion; Great Wall Motor's revenue for the first three quarters was 153.6 billion, with sales expenses of 7.948 billion; and Changan Automobile's revenue for the first three quarters was 114.9 billion, with sales expenses of 7.355 billion. How will your company address this abnormal and unbalanced financial situation, given the significantly higher sales expenses compared to industry peers? In response, on December 31, Seres stated on the investor interaction platform that the company is focused on the high-end smart electric vehicle sector, creating "new luxury" products that combine "traditional luxury + technological luxury," while also providing customers with new luxury services, aiming to serve both the vehicle and the people well. The company insists on collaborative innovation and leverages its strengths to jointly establish a benchmark for new luxury services with its partners. The AITO M9 has been awarded the top NPS (Net Promoter Score) in the "2025 Semi-Annual Research on the Health of New Energy Vehicle Brands" by J.D. Power, highlighting user recognition of the AITO products and services.

The National Development and Reform Commission and other departments have issued the "Action Plan for Promoting the Application of Recycled Materials," which proposes to encourage the automotive manufacturing industry to use more recycled materials. Automotive manufacturers are encouraged to increase the proportion of recycled steel, recycled non-ferrous metals, and recycled glass in key components such as frames, bodies, glass, and wheels, while ensuring compliance with harmful substance control and material recyclability requirements based on the performance requirements and product characteristics of the parts. The plan aims to achieve large-scale application of recycled plastics in interior and exterior trim components. Automotive manufacturers are also encouraged to collaborate with companies involved in the dismantling of end-of-life vehicles, recycled material processing, and component production to establish a closed-loop supply system for recycled materials.

Domo Chemicals Group announced on December 29 that it has filed for bankruptcy protection for its three German subsidiaries - Domo Chemicals GmbH, Domo Caproleuna GmbH, and Domo Engineering Plastics GmbH.

Recently, it was reported from Jilin Petrochemical that the company's newly built 200,000-ton-per-year butadiene plant has undergone stringent quality inspection and analysis. Key indicators such as product purity, total alkyne content, and water content have been significantly optimized, elevating the product grade from industrial to polymer grade. This signifies that the quality of Jilin Petrochemical's butadiene products has reached an advanced level in China. As the main raw material for products like styrene-butadiene rubber and ABS resin, the improvement in butadiene product quality will reduce the raw material consumption of downstream products. Preliminary estimates suggest that this move could save nearly one million yuan in raw material costs annually, further enhancing the market competitiveness of styrene-butadiene rubber and ABS resin products.

To ensure the management of export licenses for automobile and motorcycle products, in accordance with the "Notice on Further Regulating the Export Order of Automobile and Motorcycle Products" (Document No. 318 [2012] issued by the Ministry of Commerce, the Ministry of Industry and Information Technology, the General Administration of Customs, the former General Administration of Quality Supervision, Inspection and Quarantine, and the former Certification and Accreditation Administration) and the "Notice on Doing a Good Job in the Application for Automobile and Motorcycle Export Licenses for the Year 2026" (Document No. 408 [2025] issued by the General Office of the Ministry of Commerce), the Ministry of Commerce, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation have confirmed the list of enterprises eligible to apply for export licenses for automobile and motorcycle products in 2026, which is hereby announced.