On the evening of October 30, Seres Group (601127.SH) released its Q3 2025 financial report, showing revenue of approximately 48.133 billion yuan for the quarter, a 15.75% year-on-year increase. However, net profit attributable to shareholders declined 1.74% to 2.371 billion yuan.

The report revealed that Seres Group achieved cumulative revenue of about 110.534 billion yuan in the first three quarters of 2025, up 3.67% year-on-year. Net profit attributable to shareholders reached 5.312 billion yuan, marking a 31.56% increase compared to the same period last year.

The company attributed its improved performance to its technology strategy of "software-defined vehicles" and market-driven approach of "user-defined vehicles," along with expanded product offerings and enhanced profitability through higher gross margins.

Official data shows that Seres sold approximately 304,600 new energy vehicles in the first nine months of 2025, with its Seres-branded vehicles contributing over 90% of sales at 276,200 units.

The AITO series has seen accelerated product iterations this year, with the AITO M5 Ultra, 2025 AITO M9, AITO M8, and upgraded AITO M7 all launched successively. Cumulative deliveries for the AITO series have surpassed 800,000 units, including 250,000 AITO M9s delivered in 21 months, over 100,000 AITO M8s, and 20,000 upgraded AITO M7s delivered within 36 days of launch.

Notably, Seres initiated its Hong Kong IPO on October 27, planning to list on the HKEX Main Board on November 5 under stock code "9927," with an offering price capped at 131.5 HKD per share. Upon listing, Seres will become the first premium new energy vehicle manufacturer with dual listings in both A-share and H-share markets.