Seres Group (601127.SS) net profit soars 240% in Q1 2025

Chongqing Sokon Industry Group Stock (SSE:601127), operating under the brand Seres, announced a CNY 747.79 million net profit attributable to shareholders for the first quarter of 2025, a 240.60% increase year-over-year. Revenue for the period totaled CNY 19.15 billion, a 27.91% decrease compared to the same period last year. Basic earnings per share increased to CNY 0.50, up from CNY 0.15 in Q1 2024. The company attributed the profit surge to optimized product mix and increased sales margins. As of the end of the quarter, total assets stood at CNY 98.71 billion, up 4.61% from the end of 2024. Operating cash flow was negative at CNY -7.63 billion, mainly due to sales declines and increased supplier payments.