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SERES Group30 MarBusinessHigh confidence

Seres Group Reports 2025 Revenue of RMB165.05 Billion, Net Profit RMB5.96 Billion

Total revenue

RMB165.05 billion

Net profit

RMB5.96 billion

R&D spending

RMB12.51 billion

What Happened

Seres Group, a leading luxury new energy vehicle manufacturer in China, reported its audited 2025 annual results on March 30, 2026. The company achieved revenue of approximately RMB165.05 billion, a 13.7% increase year-on-year, and net profit attributable to shareholders of around RMB5.96 billion. Gross profit margin for new energy vehicles was 28.8%, among the highest in the industry, reflecting strong pricing power and cost efficiency.

Revenue

RMB165.05 billion

Up 13.7% year-on-year, a new record high.

Net Profit

RMB5.96 billion

Attributable to shareholders, achieving profitability for two consecutive years.

R&D Investment

RMB12.51 billion

Up 77.4% year-on-year, supporting software-defined vehicle strategy.

AITO Model Deliveries in 2025
  • AITO M9: over 110,000 units, segment leader for two consecutive years
  • AITO M8: over 150,000 units, top in RMB400,000 segment since launch
  • AITO M7: over 110,000 units, awarded 'Annual National SUV'

Why this matters

The results show Seres is profitable for a second consecutive year, demonstrating strong demand for its premium AITO electric vehicles and significant R&D investment in software-defined vehicles.

Terms in This Story

NEV
New Energy Vehicle, a term for electric and plug-in hybrid vehicles in China.
range-extended
A type of plug-in hybrid vehicle that primarily uses an electric motor but has a small gasoline engine to recharge the battery while driving.
gross profit margin
The percentage of revenue left after subtracting the cost of goods sold, indicating profitability.
MSCI
Morgan Stanley Capital International, a provider of stock market indices and ESG ratings.
Read Original: SERES Group