Seres Group Co.,Ltd logo

Seres Group Co.,Ltd

9927.HK

HKSEConsumer CyclicalAuto - Manufacturers

Latest quote

HK$39.72

−HK$1.42 · -3.45%

Aug 24, 1:21 PM HKTData delayed

9927.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Seres Group Co.,Ltd. conducts research, development, production, sales, and servicing of new energy vehicles (NEVs) and their constituent parts, serving both Chinese and international markets. Its product offerings span complete vehicles as well as crucial components like powertrains, batteries, and electric motors. The company, founded in Chongqing, China, in 1986, previously operated under the name Chongqing Sokon Industry Group Stock Co.,Ltd., before officially changing to Seres Group Co.,Ltd. in July 2022. Additionally, Chongqing Sokon Motor Holdings Limited, which was also established in Chongqing, China, in 1986, focuses on manufacturing mini cars, mini vans, mini trucks, and vibration shock absorbers.

Industry
Auto - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Zhengping Zhang
Listed since
Nov 5, 2025
Employees
21,955

Market position

Day range

Current HK$39.72

52-week range

Current HK$39.72

Open
HK$40.80
Previous close
HK$41.14
Volume
742.6K
0.49× average
Average volume
1.52M
Average daily volume
Market cap
84.92B HKD
Beta
0.57
Market reference 1
50-day average
HK$46.0852
-13.81% below average
200-day average
HK$81.3936
-51.20% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
73.06B CNY
P/E (TTM)
-34.39×
P/B (TTM)
1.58×
P/S (TTM)
0.45×
EV / EBITDA
5.91×
Earnings yield
3.83%
Free cash flow yield
15.89%
Dividend yield
2.30%

Profitability & efficiency

Gross margin
26.59%
Operating margin
0.63%
Net margin
0.82%
Return on equity
14.56%
Return on assets
4.14%
Return on invested capital
12.32%

Financial health

Debt / equity
1.15×
Current ratio
1.05×
Altman Z-score
1.82
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%15%-3%-22%Gross margin, FY2021: 3.77%Gross margin, FY2022: 11.32%Gross margin, FY2023: 9.86%Gross margin, FY2024: 26.15%Gross margin, FY2025: 29.14%Operating margin, FY2021: -17.26%Operating margin, FY2022: -14.45%Operating margin, FY2023: -11.14%Operating margin, FY2024: 3.40%Operating margin, FY2025: 4.55%Net margin, FY2021: -10.91%Net margin, FY2022: -11.24%Net margin, FY2023: -6.83%Net margin, FY2024: 4.10%Net margin, FY2025: 3.61%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 3.77%. Gross margin FY2022 11.32%. Gross margin FY2023 9.86%. Gross margin FY2024 26.15%. Gross margin FY2025 29.14%. Operating margin FY2021 -17.26%. Operating margin FY2022 -14.45%. Operating margin FY2023 -11.14%. Operating margin FY2024 3.40%. Operating margin FY2025 4.55%. Net margin FY2021 -10.91%. Net margin FY2022 -11.24%. Net margin FY2023 -6.83%. Net margin FY2024 4.10%. Net margin FY2025 3.61%.

Income trends

Revenue

165.05B CNY+13.69%

Operating income

7.52B CNY+52.12%

Net income

5.96B CNY+0.18%
Income trends across reported periods182.05B CNY114.06B CNY46.07B CNY−21.92B CNYRevenue, FY2021: 16.72B CNYRevenue, FY2022: 34.1B CNYRevenue, FY2023: 35.84B CNYRevenue, FY2024: 145.18B CNYRevenue, FY2025: 165.05B CNYOperating income, FY2021: −2.88B CNYOperating income, FY2022: −4.93B CNYOperating income, FY2023: −3.99B CNYOperating income, FY2024: 4.94B CNYOperating income, FY2025: 7.52B CNYNet income, FY2021: −1.82B CNYNet income, FY2022: −3.83B CNYNet income, FY2023: −2.45B CNYNet income, FY2024: 5.95B CNYNet income, FY2025: 5.96B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.72B CNY. Revenue FY2022 34.1B CNY. Revenue FY2023 35.84B CNY. Revenue FY2024 145.18B CNY. Revenue FY2025 165.05B CNY. Operating income FY2021 −2.88B CNY. Operating income FY2022 −4.93B CNY. Operating income FY2023 −3.99B CNY. Operating income FY2024 4.94B CNY. Operating income FY2025 7.52B CNY. Net income FY2021 −1.82B CNY. Net income FY2022 −3.83B CNY. Net income FY2023 −2.45B CNY. Net income FY2024 5.95B CNY. Net income FY2025 5.96B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue165.05B CNY145.18B CNY35.84B CNY34.1B CNY16.72B CNY
Cost of goods sold116.95B CNY107.21B CNY32.31B CNY30.24B CNY16.09B CNY
Gross profit48.1B CNY37.97B CNY3.53B CNY3.86B CNY630.32M CNY
Research and development7.95B CNY5.59B CNY1.7B CNY1.31B CNY947.99M CNY
Selling, general, and administrative25.27B CNY19.6B CNY5.49B CNY5.05B CNY1.29B CNY
Operating expenses40.58B CNY33.02B CNY7.53B CNY8.79B CNY3.52B CNY
Interest income808.85M CNY527.25M CNY294.61M CNY189.49M CNY52.6M CNY
Interest expense198.66M CNY240.38M CNY308.75M CNY330.17M CNY260.71M CNY
Depreciation and amortization4.69B CNY4.28B CNY2.7B CNY2.27B CNY1.7B CNY
Operating income7.52B CNY4.94B CNY−3.99B CNY−4.93B CNY−2.88B CNY
Net income5.96B CNY5.95B CNY−2.45B CNY−3.83B CNY−1.82B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
2 beats, 2 misses, 0 met estimates
Average EPS surprise
-44.12%
4 comparable reports
Latest EPS result
-1.42
Estimate 2.6 · Miss by 154.62%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates10.896.11.3-3.49Q4 '24BeatQ2 '25BeatQ3 '25EstimateQ4 '25EstimateQ1 '26EstimateQ2 '26MissQ3 '26MissQ4 '26Estimate
Q4 2024, reported Oct 31, 2024: actual -0.711, estimate -1.04, surprise +31.93%, Beat. Q2 2025, reported Apr 29, 2025: actual -0.262, estimate -0.36, surprise +27.25%, Beat. Q3 2025, reported Aug 30, 2025: actual —, estimate 0.016, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual —, estimate 0.017, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual —, estimate 9.9, surprise —, Comparison unavailable. Q2 2026, reported Apr 29, 2026: actual 0.493, estimate 2.6, surprise -81.04%, Miss. Q3 2026, reported Aug 19, 2026: actual -1.42, estimate 2.6, surprise -154.62%, Miss. Q4 2026, reported Oct 26, 2026: actual —, estimate -2.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates101.65B73.56B45.47B17.38BQ4 '24BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q4 2024, reported Oct 31, 2024: actual 45.41B HKD, estimate 24.63B HKD, surprise +84.38%, Beat. Q2 2025, reported Apr 29, 2025: actual 20.45B HKD, estimate 25.71B HKD, surprise -20.46%, Miss. Q3 2025, reported Aug 30, 2025: actual 47.24B HKD, estimate 31.75B HKD, surprise +48.81%, Beat. Q4 2025, reported Oct 31, 2025: actual 52.59B HKD, estimate 30.17B HKD, surprise +74.28%, Beat. Q1 2026, reported Mar 30, 2026: actual 61.87B HKD, estimate 95.64B HKD, surprise -35.30%, Miss. Q2 2026, reported Apr 29, 2026: actual 29.51B HKD, estimate 38.38B HKD, surprise -23.11%, Miss. Q3 2026, reported Aug 19, 2026: actual 37.03B HKD, estimate 38.38B HKD, surprise -3.52%, Miss. Q4 2026, reported Oct 26, 2026: actual —, estimate 36.48B HKD, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend May 6, 2026

HK$0.913

Irregular

Record May 8, 2026 · Payment Jun 5, 2026

9927.HK peers

ETFs holding 9927.HK

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