Seres Group Co Ltd: Recent Performance and Strategic Focus

Executive Insight at the China Automotive Engineering Society Annual Meeting

On 21 October, the 32nd China Automotive Engineering Society Annual Meeting and Exhibition opened in Chongqing. During the opening ceremony, Zhang Xinghai, founder and chairman of Seres Group (stock code 601127), reaffirmed the company’s commitment to “smartly redefining luxury, with safety as the highest luxury.” He emphasized that the firm pursues high‑end product development through continuous technological innovation, safety‑first design, and intelligent core capabilities.

Financial Highlights (2025 H1)

  • Revenue: 62.402 billion CNY, up 81.03 % YoY.
  • Net profit attributable to shareholders: 2.941 billion CNY, an 81.03 % increase year‑over‑year.
  • Research & Development expenditure: Rose 154.9 % YoY, reflecting intensified investment in new‑energy vehicle (NEV) technology.

These figures illustrate Seres’ aggressive scaling of its NEV business while maintaining a robust profit margin.

New‑Energy Vehicle Market Share

  • September 2025 sales: 44,678 vehicles, a 19.44 % YoY increase.
  • Year‑to‑date (January‑September 2025): 304,600 vehicles sold.
  • Key model performance: The “Wenjie M9” secured the top position among 500‑kilo‑class vehicles in the Chinese market.

The sales momentum supports the narrative that technology‑driven product enhancements translate into higher market penetration.

Strategic Direction

Zhang Xinghai articulated a closed‑loop model of innovation: technology advancement → product capability → commercial value → further investment in research. This model underpins Seres’ pursuit of a high‑end brand identity and its intention to remain a technology‑centric automotive enterprise.

Market Context

  • Sector: Consumer Discretionary – Automobiles.
  • Primary Exchange: Shanghai Stock Exchange.
  • Currency: CNY.
  • Close price (22 Oct 2025): 158.47 CNY.
  • 52‑week range: 95.8 CNY (low) – 174.66 CNY (high).
  • Market capitalization: 258.4 billion CNY.
  • Price‑to‑earnings ratio: 33.54.

The company’s valuation remains aligned with its growth trajectory, reflecting investor expectations for continued expansion in the NEV segment.

Conclusion

Seres Group’s recent disclosures highlight a company that is successfully scaling its new‑energy vehicle operations while heavily investing in research and development. The leadership’s clear emphasis on safety, intelligence, and high‑end positioning positions Seres as a key player in China’s evolving automotive landscape.