SERES(SH:601127) Ge Long Hui·2025-09-02 12:07Group 1 - The core reason for the continuous improvement in Seres' profitability is its focus on high-end smart electric vehicles and adherence to a premium strategy, which drives performance growth [2][4] - According to Minsheng Securities, the significant year-on-year improvement in Seres' profits in the first half of the year is mainly due to the increase in high-end product sales, optimization of revenue structure, enhanced cost control, and accelerated scale effects [2] - Ping An Securities emphasizes that brand premiumization is essential for the healthy profitability of automotive companies [2] Group 2 - Multiple new models have been launched in the second half of the year, with the all-new Wanjie M7 expected to become a blockbuster in the 300,000 yuan market, further unlocking the company's performance potential [4] - Research reports are optimistic about Seres' significantly enhanced profitability and strong momentum driven by core models, with招商证券 noting excellent operational indicators in the first half and a substantial quarter-on-quarter performance increase [4]