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Seres Group (601127) investor relations material

Seres Group Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary30 Aug, 2025

Executive summary

  • Achieved net profit attributable to shareholders of ¥2.94 billion, up 81.03% year-over-year, with total revenue of ¥62.40 billion, down 4.06% year-over-year, driven by strong growth in high-end smart EV sales and improved gross margin.

  • Delivered 198,600 vehicles in H1 2025, with high-end models M9 and M8 leading their segments; R&D investment surged 154.9% year-over-year, supporting rapid product innovation.

  • Completed major equity acquisition of Chongqing Longsheng New Energy, boosting net assets by 118.2% from year-end 2024.

Financial highlights

  • Net profit attributable to shareholders: ¥2.94 billion, up 81.03% year-over-year.

  • Total revenue: ¥62.40 billion, down 4.06% year-over-year due to lower sales volume and product mix.

  • Gross margin improved, with operating quality and profitability significantly enhanced.

  • Basic and diluted EPS: ¥1.87, up 73.15% year-over-year.

  • Net cash from operating activities: ¥14.44 billion.

Outlook and guidance

  • Plans to expand high-end smart EV product line and accelerate international expansion.

  • Will continue to invest heavily in R&D and digital manufacturing to maintain technology leadership.

  • Management highlights ongoing risks from industry competition, macroeconomic shifts, and global trade uncertainties.

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Frequently asked questions

Seres Group Co., Ltd. is a China-based company operating primarily in the automotive sector. The company specializes in the design, development, and manufacturing of vehicles, including electric vehicles (EVs), traditional fuel-powered cars, and hybrid models. The company is headquartered in Chongqing, China, and its shares are listed on the Shanghai Stock Exchange.

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