SERES expects profit of 1.39 billion to 1.7 billion yuan in the first half of the year, with rapid growth in new energy vehicle business

Seres expects to achieve revenue of 63.9 billion to 66.0 billion yuan in the first half of 2024, a year-on-year increase of 479% to 498%. The net profit attributable to shareholders of the listed company is expected to be 1.39 billion to 1.7 billion yuan. The doubling plan was exceeded in the first half of the year, and the product structure was optimized. In the first half of 2024, Seres' cumulative sales of new energy vehicles reached 200,949 units, a year-on-year increase of 348.55%. Data shows that in the first half of 2024, a total of 181,153 new cars were delivered across the entire series. Among them, the cumulative number of orders for the Wenjie M9 has exceeded 100,000 since its launch; the cumulative number of deliveries of the Wenjie new M5 has exceeded 10,000 since its launch; the cumulative sales of the Wenjie new M7 in the first half of the year exceeded 110,000, setting a new industry record.