Seres Group reports strong profit growth in Q3, revenue up 15.75%

Seres Group reported a substantial increase in profit for the third quarter of 2025, with total profit reaching CNY 2.97 bn, a 31.29% increase compared to the same period last year. Net profit attributable to shareholders was CNY 2.37 bn, a modest decrease of 1.74%. For the first nine months of 2025, total profit surged by 68.97% to CNY 6.69 bn, with net profit attributable to shareholders rising 31.56% to CNY 5.31 bn. The company's basic earnings per share for the nine-month period were CNY 3.34, a 25.09% increase year-over-year.

The company's revenue for the third quarter was CNY 48.13 bn, up 15.75% from the previous year. Year-to-date revenue reached CNY 110.53 bn, representing a 3.67% increase compared to the first nine months of 2024. Total assets grew by 28.76% to CNY 121.50 bn by the end of the third quarter, while owners' equity attributable to the parent company increased by 126.70% to CNY 27.80 bn.

The significant increase in total profit and net profit attributable to shareholders was primarily attributed to the company's commitment to its "software-defined vehicle" technology strategy and its user-centric product development approach, which has led to an expanded product portfolio and continuous improvement in profitability. Operating cash flow also saw a positive trend, with CNY 22.64 bn generated during the nine-month period, an increase of 13.18%.