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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.
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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