SERES(SH:601127) Zhong Zheng Wang·2025-08-31 03:25Core Viewpoint - Company demonstrates strong performance in the high-end smart electric vehicle sector, with significant profit growth and increased R&D investment despite a complex market environment [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 62.402 billion yuan, with a net profit of 2.941 billion yuan, marking an 81.03% year-on-year increase; basic earnings per share rose by 73.15% to 1.87 yuan [2] Product Competitiveness - The company sold 172,108 new energy vehicles in the first half of 2025, with the "Wenjie" series being the main growth driver; as of August 2025, cumulative deliveries exceeded 750,000 units, with the Wenjie M9 leading the luxury car market [3] R&D and Innovation - R&D investment reached 5.198 billion yuan in the first half of 2025, a 154.9% increase year-on-year; the workforce in R&D grew by 26.6%, now comprising 36% of total employees [4] Brand Value and Market Outlook - The company's brand value significantly increased, ranking 169th in the 2025 Fortune China 500 list, up 235 places; nearly 40 brokerage firms have given a "buy" rating, indicating strong market confidence in future growth [5]