SERES(SH:601127) Cai Jing Wang·2025-07-24 04:17Core Insights - The 2025 Fortune China 500 list reveals that the total revenue of the listed companies reached $14.2 trillion in 2024, a decrease of approximately 2.7% compared to the previous year, while net profit increased by about 7% to $756.4 billion [1] - The revenue threshold for companies to be included in the list was approximately $3.62 billion, down about 3% from last year [1] Automotive Sector Highlights - A total of 34 automotive manufacturers and parts suppliers made it to the list, with BYD ranking the highest at 27th, up from 40th last year [2] - Other notable rankings include SAIC Motor at 38th, Geely at 41st, and Great Wall Motors at 140th [2][3] - Seres Group saw the largest ranking increase, moving from 404th to 169th, a jump of 235 places, attributed to its deep integration with Huawei's ecosystem and a significant increase in sales and revenue [4] - NIO, despite being on the list of companies with losses, reported a year-on-year increase in vehicle deliveries, with 24,925 units delivered in June, a 17.5% increase [11] Performance of New Energy Vehicles - In June, new energy vehicle sales reached 46,086 units, a year-on-year increase of 4.44%, with Seres selling 43,451 units, up 4.81% [8] - The sales of Seres' high-end models, M9 and M8, contributed to profit improvements, with M9 sales reaching 62,492 units in the first half of the year, a 6.28% increase [8] Losses and Financial Challenges - NIO reported cumulative losses of approximately $14.5 billion since 2019, with a significant portion attributed to R&D investments [10] - Despite the losses, NIO aims for a monthly sales target of over 25,000 units in Q4, with a projected gross margin exceeding 20% [11]