Seres Group's Expected Strong Performance in 2024 First Three Quarters

TapTechNews October 10th news, the Seres Group released an announcement today. It is expected to achieve operating income ranging from 103 billion to 110 billion yuan in the first three quarters of 2024, an increase of 518% to 559% year-on-year.

The company expects to achieve a net profit attributable to shareholders of the listed company of 3.5 billion to 4.1 billion yuan in the first three quarters of 2024, compared with the same period of the previous year, achieving a turnaround from loss to profit. The company expects to achieve a net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of 3.2 billion to 3.8 billion yuan.

TapTechNews found out that the total profit in the first three quarters of 2023 was -3.37 billion yuan, the net profit attributable to shareholders of the listed company was -2.29 billion yuan, and the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -3.01 billion yuan.

The main reasons for Seres to summarize the expected profit in this period:

In the first three quarters of 2024, the company's operating income and sales volume increased, and the doubling plan was exceeded.

Product structure adjustment, and the sales scale of high-value products increased.

Adhering to the business policy of software-defined vehicles, adhering to cross-border integration, adhering to technological innovation and value contribution, the new-quality productive forces led to the continuous improvement of the company's operating quality, and the refinement of operation and management improved the efficiency of the entire chain, and the gross profit margin increased year-on-year, and the profitability improved.