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SERES Achieves Remarkable Financial Milestones in H1 2025

On August 29, 2025, SERES released its financial performance for the first half of 2025, showcasing extraordinary growth across all major metrics. The company reported revenues of 62.4 billion CNY, a significant leap compared to previous figures. Moreover, the net profit attributed to shareholders soared to 2.94 billion CNY, marking an impressive 81% year-on-year increase. Additionally, investments in research and development surged nearly 155%, reaching 5.12 billion CNY.

Key Factors Behind Growth

This remarkable performance can be attributed to the robust demand for high-end smart electric vehicles from the AITO brand, recognized for their exceptional product quality and delivery capabilities. Several strategic factors contributed to this growth:

• - Versatile MF Platform: This innovative development platform has streamlined model production effectively.
• - Super Factory: The establishment of this plant has accelerated production capacity significantly.
• - Smart Digital Quality Assurance Systems: These systems enhance product quality, reassuring consumers of the brand's credibility.
• - Modern Luxurious Experience: The commitment to a premium customer experience continues to bolster AITO’s reputation in the market.

The latest AITO models have set new standards in the electric vehicle sector, with AITO 9 and AITO 8 maintaining their ground as top sellers. During the first half of 2025, the AITO lineup saw multiple successful new releases, including the AITO 5 Ultra, with significant market acceptance and positive consumer feedback. Overall, AITO established new delivery benchmarks among Chinese luxury electric vehicle brands, achieving total deliveries surpassing 750,000 units since launch.

Sales Breakdowns and Milestones

Notably, cumulative sales of the AITO 9 exceeded 220,000 units, positioning it as the leading vehicle in its luxury segment priced at 500,000 CNY. Concurrently, the AITO 8 became a bestseller with over 70,000 units delivered, dominating the 400,000 CNY price segment for four consecutive months.

Furthermore, AITO ranked first in the brand development confidence index according to the LandRoads study for new energy vehicles during the first half of 2025, and the AITO 9 leads the Net Promoter Score (NPS) for new energy vehicles with an impressive score of 85.2.

On August 25, AITO launched an all-electric version of its flagship family SUV, the AITO 8, with the AITO 7 debuting officially in September. These continuous product improvements underscore AITO’s commitment to expanding its offerings, catering to diverse consumer needs while solidifying its leadership in the luxury electric vehicle market.

Research and Development Commitment

At the heart of SERES' long-term growth strategy lies its commitment to technological innovation. Consistent investments in research and development have ushered in significant breakthroughs and notable technical achievements. In the first half of 2025, SERES upped its R&D expenditure to 5.20 billion CNY, reflecting a 155% year-on-year growth. The R&D workforce expanded to 6,984, making up 36% of SERES' total workforce and signifying a 27% increase from last year.

At this year's Shanghai Auto Show, SERES unveiled an intelligent safety system, pioneering a scenario-based vehicle safety approach. This new safety framework encompasses four critical areas: life protection, body protection, healthcare, and privacy protection, setting a new industry standard in smart safety technology.

SERES has previously launched several significant technological advancements including the SERES MF platform, SERES Super Range-Extender, and the SERES super factory. The super factory, leading in the 'factory within a factory' model, promotes integration of products, smart manufacturing, and collaborative innovation across industries, while also establishing a zero-carbon intelligent logistics center.

Growing Brand Value and Investor Confidence

As the fourth global manufacturer of new energy vehicles to achieve profitability, SERES laid a strong foundation for growth in the first half of 2025 through strategic product portfolio optimizations, technological innovations, and operational efficiency improvements. SERES ranked 169th on Fortune's 2025 China 500 list, gaining 235 spots from the previous year—the fastest growth among listed entities.

Moreover, SERES is ranked 92nd on the TopBrand 2025 Top 500 Brands list, with a brand value of 175.52 billion CNY, affirming its leading position in brand development and market influence within the automotive sector. Recently, SERES rose to 59th place (up 174 places) on the 2025 Private Enterprise Top 500 list, distinguishing itself as the highest-ranked private company in Chongqing.

Investor confidence remains high with capital markets, with nearly 40 investment firms assigning a 'Buy' rating to SERES, indicating strong potential for sustained growth in the latter half of the year.