SERES (09927) announced its 2025 financial results, revealing sales of 472,300 new energy vehicles, representing a 10.63% year-on-year increase. Revenue reached approximately 164.888 billion yuan, up 13.63% from the previous year. Gross profit stood at 44.324 billion yuan, a 28.29% rise. Pre-tax profit was about 7.47 billion yuan, climbing 50.86%. Net profit attributable to owners of the company was approximately 5.957 billion yuan, edging up 0.18%. Basic earnings per share were 3.68 yuan, with a proposed cash dividend of 0.8 yuan per share (tax inclusive).

The company attributed the revenue growth primarily to the 10.63% increase in new energy vehicle sales. The rise in pre-tax profit was driven by product mix optimization, improved gross margin, and enhanced profitability.

In 2025, the company leveraged its platform-based approach to achieve agile product development, adhering to its core model strategy and launching four AITO-branded vehicles to commercialize key technological achievements. The company released the 2025 AITO M9, AITO M8, the new AITO M7, and the AITO M5 Ultra. Among these, the AITO M9 flagship smart SUV recorded annual sales exceeding 110,000 units, maintaining its position as the sales leader in the 500,000-yuan price segment. The AITO M8 family flagship smart SUV sold over 150,000 units for the year, leading the 400,000-yuan segment since its April launch. The AITO M7 happiness flagship SUV surpassed 110,000 units in annual sales, with the new model securing the top sales spot in the 300,000-yuan category in its first quarter after a September release.