Seres Group reports 81% profit jump in first half of 2025 despite revenue dip

Seres Group Co., Ltd. reported a net profit attributable to shareholders of 2.94 bn yuan for the first half of 2025, an 81.03% year-over-year increase, despite a 4.06% decrease in operating revenue to 62.40 bn yuan. This profit growth is attributed to improved gross margins and enhanced operational quality, with Q2 sales significantly higher than Q1, driven by new product launches.

The company’s focus on software-defined vehicles and user-centric design has strengthened its market position, with over 147,000 AITO vehicles delivered and average transaction prices exceeding 400,000 yuan.

The company's board approved the 2025 semi-annual report, a "Quality and Efficiency Enhancement and High Return Action Plan" half-year evaluation report, and a special report on the use of raised funds. The company increased its long-term equity investment balance to 13.41 bn yuan, primarily due to investments in associate companies. Seres Group will host a 2025 semi-annual performance briefing on October 9, 2025.