Shulou(Shulou.com)11/24 Report--

CTOnews.com August 19 news, Cyrus (formerly well-off shares) has now announced its first-half results.

Selis's revenue in the first half of 2022 was 12.42 billion yuan, an increase of 68.14 percent over the same period last year, with a net loss of 1.727 billion yuan, expanding over the same period last year. 1.714 billion yuan was deducted from non-net profit, which was expanded over the same period last year.

With the start of delivery of the company's high-end new energy vehicle M5, sales of high-end new energy vehicles with higher prices have increased, officials said.

CTOnews.com has reported that Selis Group produced 13163 new energy vehicles in July, an increase of 247.31% over the same period last year, and a cumulative production of 60877 vehicles this year, an increase of 253.40% over the same period last year. In addition, Selis new energy vehicle sales this month increased by 316.78% to 13291, and this year's cumulative 58913 increased by 224.21% compared with the same period last year.

If you look at Selis alone, the production of 8469 cars this month increased by 2207.63% over the same period last year, and this year's cumulative 31098 increased by 1470.61% compared with the same period last year; this month's sales were 7807, up 8873.56% from the same period last year. This year's cumulative 29388 vehicles increased by 1190.08% over the same period last year.

In addition, the delivery volume of the AITO interface series reached 7228, and the cumulative delivery of the AITO M5 reached 26348 as of July 31.

Prior to this, Chongqing Xiaokang cooperated with Huawei and successively released Selis SF5 Huawei Smart selection, M7, M5 and other new energy vehicles.

Today, Zhang Xinghai, chairman and founder of well-off shares, announced that he had changed his name to Cyrus (Group). Zhang Xinghai said that the change of name to Cyrus is a new starting point for the enterprise's third venture. In 1986, the company started its first venture with spare parts, and in 2003, it entered the field of vehicle manufacturing and started its second venture. In 2016, the company entered the field of new energy and entered a new track for high-end smart electric vehicles.

Zhang Xinghai believes that the automotive industry is ushering in an important point of overall transformation and upgrading, the high-end intelligent electric vehicle track will certainly replace the high-end brand traditional car track, and the commercial intelligent electric vehicle track will replace the traditional commercial vehicle track.

Selis official said that "Selis" comes from the transliteration of the English name SERES, originated in Greek, has the meaning of the country of silk, symbolizes the East, but also means high-end. At the same time, SERES is a left and right symmetrical word, which accords with the symmetrical aesthetics in Chinese culture. The design is inspired by the Imperial Palace and the Great Wall, representing solidity and fairness. The replacement of the new enterprise logo condenses Cyrus's thinking on the enterprise development strategy, reflects the trend of openness, diversity and development, and represents the dream of the new energy automobile industry and the resource cohesion of the company's third venture.

Well-off shares issued an implementation announcement on the change of securities abbreviation in July this year. After the application of the company and handled by the Shanghai Stock Exchange, the company's securities acronym was changed from "well-off shares" to "Selis" on August 2, 2022. The company's securities code "601127" remains unchanged. In order to facilitate investors to accurately understand the current company positioning and match the company name with business and strategic planning, the company has changed its securities abbreviation from "well-off shares" to "Cyrus".

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