SERES Q1 2026 Revenue Up 34.5% YoY, NEV Sales Surge 43.9%

On April 29, 2026, Seres released its financial results for the first quarter of 2026. During the reporting period, the company recorded revenue of RMB 25.75 billion, an increase of 34.5% year-over-year; net profit attributable to shareholders of the listed company amounted to RMB 750 million. New energy vehicle (NEV) sales reached 78,500 units, up 43.9% year-over-year. Meanwhile, the company’s R&D expenses totaled RMB 1.79 billion, a 70.7% increase compared to the same period last year.