Seres Q3 revenue increased by 15.75% year-on-year, net profit decreased by 1.74% | Financial Report News

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Seres Q3 revenue increased by 15.75% year-on-year, but net profit saw a slight decline. Since the beginning of the year, Seres’ profitability has continued to strengthen, with net profit achieving steady growth of over 30%. The financial report attributes this to “adhering to the technology route of software-defined vehicles, maintaining a market orientation defined by users, and enriching the product portfolio,” which has led to an increase in gross margin.

On the 30th, Seres released its 2025 Q3 financial report:

Q3 revenue was 48.133 billion yuan, up 15.75% year-on-year;Net profit was 2.371 billion yuan, down 1.74%.

Q3 net profit decreased slightly, but full-year profitability continues to improve

The financial report shows that Seres’ Q3 operating revenue was 48.13 billion yuan, a 15.75% increase from 41.58 billion yuan in the same period last year, indicating that its market expansion and product sales remain strong. Net profit attributable to shareholders fell slightly from 2.41 billion yuan in the same period last year to 2.37 billion yuan, a decrease of 1.74%. After deducting non-recurring gains and losses, net profit was 2.29 billion yuan, down slightly by 1.39% year-on-year.

Despite the pressure on profits in the third quarter, cumulative data from the beginning of the year shows Seres’ profitability has improved. In the first three quarters, the company’s revenue was 110.534 billion yuan, up 3.67% year-on-year; net profit was 5.312 billion yuan, up 31.56% year-on-year. Basic earnings per share also increased from 2.67 yuan in the same period last year to 3.34 yuan, an increase of 25.09%. The financial report attributes this to “adhering to the technology route of software-defined vehicles, maintaining a market orientation defined by users, and enriching the product portfolio,” which has led to an increase in gross margin.

Significant expansion in assets and equity scale, ample cash reserves

Seres’ balance sheet also reflects the company’s rapid expansion. As of September 30, 2025, the company’s total assets reached 121.51 billion yuan, up 28.76% from the end of last year.

Even more noteworthy is the increase in owners’ equity. At the end of the reporting period, equity attributable to shareholders soared to 27.8 billion yuan, a 126.70% increase from 12.26 billion yuan at the end of last year. According to the announcement, this significant growth is mainly due to three major factors: issuing shares to acquire assets, minority capital increase in its subsidiary Seres Automobile Co., Ltd., and cumulative net profits.

Seres’ financial report shows that its cash position is very strong. In the first three quarters of 2025, net cash flow from operating activities was 22.65 billion yuan, up 13.18% year-on-year. On the balance sheet, as of the end of the reporting period, monetary funds were as high as 59.54 billion yuan, a significant increase from 45.96 billion yuan at the beginning of the year.

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