SERES(SH:601127) Guan Cha Zhe Wang·2025-07-12 10:28Core Viewpoint - Saisir Group expects significant growth in net profit for the first half of 2025, driven by a focus on software-defined vehicles and a strong product lineup [1][3]. Financial Performance - The company anticipates a net profit attributable to shareholders of 2.7 billion to 3.2 billion yuan, representing a year-on-year increase of 66.2% to 96.98% [1]. - The expected net profit, excluding non-recurring gains and losses, is projected to be 2.23 billion to 2.73 billion yuan, reflecting a growth of 55.13% to 89.92% year-on-year [1]. Sales Performance - In the first half of the year, Saisir sold a total of 198,600 vehicles, a decrease of 15.77% year-on-year [3]. - New energy vehicle sales reached 172,100 units, down 14.35% year-on-year [3]. - The flagship model, Wanjie M9, achieved sales of 62,500 units, marking a year-on-year increase of 6.28%, contributing significantly to net profit despite overall sales decline [3]. Product Development - The Wanjie M8, priced around 400,000 yuan, was launched in April and recorded sales of 35,200 units in the second quarter [5]. - The company continues to enhance its product offerings and market strategy, which has led to improved profitability and operational quality [3]. Strategic Initiatives - Saisir Group submitted an application for a mainboard listing on the Hong Kong Stock Exchange in April [5]. - The company announced a capital increase of 5 billion yuan from multiple strategic investors for its subsidiary, Saisir Automotive [5].