tiprankstipranks
Trending News
More News >
Seres Group Co. Ltd. Class H (HK:9927)
:9927
US Market

Seres Group Co. Ltd. Class H (9927) AI Stock Analysis

Compare
Followers

Top Page

HK:9927

Seres Group Co. Ltd. Class H

(9927)

Select Model
Select Model
Select Model
Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
HK$115.00
The score is driven primarily by the sharp improvement in financial performance (profitability turning positive, strong revenue growth, and positive free cash flow with improving leverage). Offsetting this, technical indicators point to weak near-term momentum (negative MACD and price below the 20-day average), and valuation cannot be evaluated due to missing P/E and dividend yield data.

Seres Group Co. Ltd. Class H (9927) vs. iShares MSCI Hong Kong ETF (EWH)

Seres Group Co. Ltd. Class H Business Overview & Revenue Model

Company DescriptionSeres Group Co.,Ltd. engages in the research and development, production, sales, and servicing of new energy vehicles and components in China and internationally. It offers vehicles, as well as powertrains, batteries, and electric motors. The company was formerly known as Chongqing Sokon Industry Group Stock Co.,Ltd. and changed its name to Seres Group Co.,Ltd. in July 2022. Seres Group Co.,Ltd. was founded in 1986 and is based in Chongqing, China. Chongqing Sokon Motor Holdings Limited manufactures mini cars, mini vans, mini trucks, and vibration shock absorbers. The company was founded in 1986 and is based in Chongqing, China.
How the Company Makes Money

Seres Group Co. Ltd. Class H Financial Statement Overview

Summary
Strong 2024 turnaround with revenue up sharply (+81.3% YoY), margins swinging positive (gross ~26.2%, EBITDA ~6.5%, net ~4.1%), and solid positive free cash flow (15.4B) alongside improving leverage (debt-to-equity ~0.24). Score is capped by relatively thin net margins and limited evidence yet that the profitability shift is durable after multiple prior loss years, plus cash conversion below net income (~0.68x).
Income Statement
78
Positive
The company posted a sharp step-change in 2024 results: revenue surged to 145.2B (+81.3% YoY) and profitability swung meaningfully positive (gross margin ~26.2%, EBITDA margin ~6.5%, net margin ~4.1%). This is a major improvement versus 2021–2023, when margins were consistently negative and net losses persisted. The key watch-out is durability—despite the strong turnaround, net margins remain relatively thin for the sector and the prior multi-year loss history raises execution and cycle-risk if pricing or demand normalizes.
Balance Sheet
71
Positive
Leverage looks manageable and improved in 2024, with debt-to-equity down to ~0.24 (from ~0.34 in 2022–2023 and ~0.56 in 2021), alongside a larger equity base. Total assets expanded materially, reflecting rapid scale-up. Strength is the relatively moderate debt load versus equity; the main risk is that the balance sheet has been supporting a high-growth ramp, and prior-year losses imply that maintaining profitability is important to avoid renewed balance-sheet pressure.
Cash Flow
74
Positive
Cash generation strengthened substantially in 2024, with operating cash flow of 22.5B and free cash flow of 15.4B, both solidly positive and far better than the negative free cash flow seen in 2021–2022. Free cash flow modestly declined (~6%) year over year, but remains strong in absolute terms. A point to monitor is cash conversion versus earnings—free cash flow was below net income (about 0.68x), suggesting working-capital or reinvestment needs still meaningfully consume cash in a high-growth phase.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue149.07B145.18B35.84B34.10B16.72B
Gross Profit43.53B37.97B3.53B3.86B630.32M
EBITDA7.83B9.47B-1.07B-2.33B-651.04M
Net Income7.22B5.95B-2.45B-3.83B-1.82B
Balance Sheet
Total Assets121.50B94.36B51.24B47.05B32.02B
Cash, Cash Equivalents and Short-Term Investments59.80B50.00B14.29B18.12B6.15B
Total Debt38.61B2.90B3.87B3.84B4.44B
Total Liabilities92.78B82.46B44.04B37.25B24.29B
Stockholders Equity27.80B12.26B11.41B11.42B7.96B
Cash Flow
Free Cash Flow21.23B15.37B2.93B-4.54B-3.12B
Operating Cash Flow32.22B22.52B6.40B-1.17B-987.45M
Investing Cash Flow-19.88B-16.51B-2.97B-4.15B-1.56B
Financing Cash Flow5.59B-4.17B-1.27B6.33B2.94B

Seres Group Co. Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
34.51%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
59
Neutral
$912.34B21.1619.95%1.55%22.94%10.22%
59
Neutral
HK$131.82B29.497.01%-10.21%-54.95%
53
Neutral
HK$138.61B-46.15-9.03%86.21%51.50%
49
Neutral
HK$60.26B-91.22-4.91%139.96%86.04%
40
Underperform
HK$82.33B-3.37-297.21%14.73%2.81%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9927
Seres Group Co. Ltd. Class H
97.25
-34.25
-26.05%
HK:1211
BYD Co
102.80
12.80
14.22%
HK:2015
Li Auto, Inc. Class A
68.50
-23.40
-25.46%
HK:9863
Zhejiang Leapmotor Technology Co., Ltd. Class H
42.78
10.33
31.83%
HK:9866
NIO Inc. Class A
38.14
4.89
14.71%
HK:9868
XPeng, Inc. Class A
74.80
16.35
27.97%

Seres Group Co. Ltd. Class H Corporate Events

Seres Group Wins Strong Shareholder Backing for 2026 Related-Party Transactions at Extraordinary Meeting
Jan 6, 2026

Seres Group Co., Ltd. reported that shareholders approved all resolutions proposed at its first extraordinary general meeting of 2026, held in Chongqing on 6 January, with voting conducted by poll and a majority of the board present in person. Shareholders representing roughly 53.8% of the company’s total share capital participated, and the key ordinary resolution on estimated ordinary related-party transactions for 2026 passed with more than 99% of votes cast in favor, underscoring solid investor support for the company’s planned dealings with related parties and providing management with a clear mandate for operational arrangements in the coming year.

The most recent analyst rating on (HK:9927) stock is a Hold with a HK$115.00 price target. To see the full list of analyst forecasts on Seres Group Co. Ltd. Class H stock, see the HK:9927 Stock Forecast page.

Seres Group Sets Out Board Line-Up and Committee Structure
Jan 6, 2026

Seres Group Co., Ltd. has disclosed the current composition of its board of directors, naming four executive directors, four non-executive directors and five independent non-executive directors, underscoring a diversified mix of management, shareholder and independent oversight. The company has also detailed the membership and chairmanship of its five key board committees—Audit, Remuneration and Appraisal, Nomination, Strategy and ESG—clarifying governance responsibilities and signaling to investors and other stakeholders an emphasis on structured oversight, strategic planning and sustainability-related issues within its corporate governance framework.

The most recent analyst rating on (HK:9927) stock is a Hold with a HK$115.00 price target. To see the full list of analyst forecasts on Seres Group Co. Ltd. Class H stock, see the HK:9927 Stock Forecast page.

Seres Group’s Seres-Branded NEVs Drive Strong December and Full-Year 2025 Growth
Jan 5, 2026

Seres Group Co., Ltd. reported strong preliminary production and sales figures for December 2025, driven by robust growth in its new energy vehicle portfolio, particularly Seres-branded models. Monthly NEV production rose 67.06% year-on-year to 55,970 units and sales jumped 63.40% to 60,981 units, while Seres models alone recorded even faster growth, with December production up 89.76% and sales up 77.99% year-on-year. For full-year 2025, NEV production and sales increased by around 10%, underscoring solid demand and expanding market penetration, although other non-Seres models saw sharp declines in both monthly and annual volumes. Total vehicle production for the year grew 4.37% and sales 3.99%, suggesting that Seres-branded NEVs are increasingly central to the company’s growth strategy and competitive positioning despite weakness in its other model lines; all figures are preliminary and subject to audit.

The most recent analyst rating on (HK:9927) stock is a Hold with a HK$115.00 price target. To see the full list of analyst forecasts on Seres Group Co. Ltd. Class H stock, see the HK:9927 Stock Forecast page.

Seres Group Announces Board Changes with New Non-Executive Director Nomination
Dec 12, 2025

Seres Group Co., Ltd., a joint stock company incorporated in China, announced the resignation of Mr. You Zheng as a non-executive director due to work adjustments. The board expressed gratitude for his contributions. Mr. Yang Yanding has been nominated as a candidate for the non-executive director position, pending shareholder approval. Mr. Yang is currently associated with Dongfeng Motor Corporation and holds various positions in related companies. His appointment is expected to bring strategic insights to the board, although he will not receive remuneration for his role.

Seres Group Co., Ltd. Announces Capital Increase and Articles Amendment
Dec 12, 2025

Seres Group Co., Ltd. announced an increase in its registered capital following an initial public offering of 108,619,000 H shares, raising its total share capital to 1,741,985,086 shares. This change necessitates amendments to the company’s Articles of Association, which are subject to shareholder approval and regulatory procedures. The board has proposed authorizing the chairperson to manage related matters, indicating strategic growth and potential impacts on shareholders and market positioning.

Seres Group Renews Key Transactions for 2026
Dec 12, 2025

Seres Group Co., Ltd. has announced the renewal of its Continuing Connected Transactions for 2026 with Dongfeng Motor Group, Ruichi Group, and Sokon Holding Group. These agreements, effective from January 1, 2026, to December 31, 2026, involve the procurement and sales of products and services. The transactions exceed a 0.1% but are below a 5% applicable percentage ratio under Hong Kong Listing Rules, requiring annual reporting and review but exempting independent shareholder approval. This renewal ensures the continuation of strategic partnerships and operational stability for Seres Group.

Seres Group Proposes New Auditors Following Hong Kong Listing
Dec 12, 2025

Seres Group Co., Ltd. has announced a proposed change in its auditing firms for the year 2025, appointing Deloitte Touche Tohmatsu Certified Public Accountants LLP as the domestic auditor and Deloitte Touche Tohmatsu as the overseas auditor. This decision follows the company’s recent listing on the Hong Kong Stock Exchange, necessitating compliance with both China and international accounting standards. The current domestic auditor, WUYIGE Certified Public Accountants LLP, has agreed to the transition, ensuring a smooth handover process.

Seres Group Announces Board Composition and Committee Roles
Dec 12, 2025

Seres Group Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. The announcement includes the structure of five board committees, highlighting the leadership and membership roles of the directors, which may impact the company’s governance and strategic decision-making.

Seres Group Co., Ltd. Announces First Extraordinary General Meeting for 2026
Dec 12, 2025

Seres Group Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has announced its first extraordinary general meeting (EGM) for 2026 to be held on January 6, 2026. The meeting will address several key resolutions, including estimated ordinary related-party transactions for 2026, changes to registered capital and amendments to the Articles of Association, changes in non-executive directors, and the appointment of accounting firms. These resolutions are significant for the company’s governance and operational strategies, potentially impacting its market positioning and stakeholder relationships.

Seres Group Reports Strong Growth in New Energy Vehicle Sales for November 2025
Dec 1, 2025

Seres Group Co., Ltd. reported significant growth in the production and sales of new energy vehicles for November 2025, with a notable year-on-year increase of over 40% in production and nearly 50% in sales. Despite a decline in other models, the overall figures highlight the company’s strong performance in the new energy vehicle sector, positioning it favorably in the market and potentially benefiting stakeholders through increased market share and revenue.

Seres Group Concludes Stabilization Period for Global Offering
Nov 30, 2025

Seres Group Co., Ltd., a joint stock company incorporated in the People’s Republic of China, announced the conclusion of its stabilization period related to its Global Offering. The stabilization actions included over-allocations and successive purchases of H Shares, with the stabilization period ending on November 30, 2025. The Over-allotment Option was not exercised and lapsed on the same day. The company confirmed compliance with public float requirements, ensuring a market value of H Shares held in public hands of no less than HK$3,000,000,000.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026