Seres Group Co. Ltd. Class H (HK:9927)
:9927
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Seres Group Co. Ltd. Class H
(9927)
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Rating:63Neutral
Price Target:
HK$87.00
Action:ReiteratedDate:04/02/26
The score is primarily supported by improved financial performance and strong cash flow with reduced leverage. However, technical indicators are notably weak (below key moving averages with negative MACD and oversold momentum), and valuation is only moderately supportive with a P/E around 26 and no dividend data.
Positive Factors
Strong free cash flow generation
Sustained positive operating and free cash flow (FCF to net income ~0.86 in 2025) creates durable financial flexibility. This supports capex, R&D and working-capital needs, enables continued deleveraging and strategic investments without reliance on external funding, improving long-term resilience.
Negative Factors
Thin net margins
Low net margins leave limited buffer against commodity, input-cost or pricing pressures common in automotive. Even with improved gross margins, small net margins constrain retained earnings for reinvestment and heighten sensitivity of reported profits to cyclical swings or one-off expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained positive operating and free cash flow (FCF to net income ~0.86 in 2025) creates durable financial flexibility. This supports capex, R&D and working-capital needs, enables continued deleveraging and strategic investments without reliance on external funding, improving long-term resilience.
Read all positive factors
Seres Group Co. Ltd. Class H (9927) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)26.1
Beta (1Y)0.94
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees18,838
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding108,619,000
10 Day Avg. Volume1,141,445
30 Day Avg. Volume1,359,413
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.81
Price to Sales (P/S)0.94
P/FCF Ratio6.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Seres Group Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Seres 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 comp...
How the Company Makes Money
Seres Group primarily makes money by selling vehicles, with revenue recognized from the delivery of new energy passenger vehicles and, where applicable, other vehicle models sold through its sales and distribution channels. Additional revenue can ...
Seres Group Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 165.05B | 145.18B | 35.84B | 34.10B | 16.72B |
| Gross Profit | 48.10B | 37.97B | 3.53B | 3.86B | 630.32M |
| EBITDA | 12.35B | 9.47B | -1.07B | -2.33B | -651.04M |
| Net Income | 5.96B | 5.95B | -2.45B | -3.83B | -1.82B |
Balance Sheet | |||||
| Total Assets | 143.91B | 94.36B | 51.24B | 47.05B | 32.02B |
| Cash, Cash Equivalents and Short-Term Investments | 87.54B | 50.00B | 14.29B | 18.12B | 6.15B |
| Total Debt | 4.63B | 2.90B | 3.87B | 3.84B | 4.44B |
| Total Liabilities | 102.05B | 82.46B | 44.04B | 37.25B | 24.29B |
| Stockholders Equity | 40.92B | 12.26B | 11.41B | 11.42B | 7.96B |
Cash Flow | |||||
| Free Cash Flow | 24.74B | 15.37B | 2.93B | -4.54B | -3.12B |
| Operating Cash Flow | 28.91B | 22.52B | 6.40B | -1.17B | -987.45M |
| Investing Cash Flow | -5.03B | -16.51B | -2.97B | -4.15B | -1.56B |
| Financing Cash Flow | 18.28B | -4.17B | -1.27B | 6.33B | 2.94B |
Seres Group Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$1.01T | 24.33 | 14.29% | 1.55% | 22.94% | 10.22% | |
63 Neutral | ― | 26.14 | 32.11% | ― | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$149.63B | 107.16 | 1.55% | ― | -10.21% | -54.95% | |
60 Neutral | HK$75.36B | 115.71 | -4.91% | ― | 139.96% | 86.04% | |
53 Neutral | HK$135.18B | -122.26 | -9.33% | ― | 86.21% | 51.50% | |
40 Underperform | HK$113.92B | -5.74 | -984.82% | ― | 14.73% | 2.81% |
* Consumer Cyclical Sector Average
HK:9927
Seres Group Co. Ltd. Class H
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-49.50
-37.64%
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Seres Group Co. Ltd. Class H Corporate Events
Seres Group Refines AGM Agenda With Detailed Share Buyback Resolutions
Apr 1, 2026
Seres Group Co., Ltd. has issued a supplemental notice for its 2025 annual general meeting, revising an earlier agenda circulated on March 30, 2026. The change reflects the company’s governance practices as a Hong Kong-listed PRC joint stock...
Seres Group Posts Strong March NEV Growth on Surging Seres Models
Apr 1, 2026
Seres Group Co., Ltd., a Hong Kong-listed Chinese new energy vehicle manufacturer, reported March 2026 production of 26,609 vehicles and sales of 27,484 vehicles, with NEVs accounting for the bulk of activity and Seres-branded models driving growt...
Seres Group Sets 2025 AGM to Approve Dividend, Share Mandates and Board Changes
Mar 30, 2026
Seres Group Co., Ltd. has convened its 2025 annual general meeting for April 22, 2026 in Chongqing, where shareholders will vote on a range of governance, financial and capital-management resolutions. The agenda includes approval of the 2025 board...
Seres Group Reshapes Board as Founder Zhang Xinghai Returns as Executive Director
Mar 30, 2026
Seres Group Co., Ltd. has initiated a transition to its sixth board session, proposing a 13-member structure comprising four executive directors, four non-executive directors, and five independent non-executive directors. Existing directors are sl...
Seres Group Unveils Audited 2025 Results and Proposes Robust Cash Dividend
Mar 30, 2026
Seres Group Co., Ltd., a joint stock company incorporated in the PRC and listed in Hong Kong, announced that its board has approved the audited annual results for the year ended 31 December 2025, which received a standard unqualified audit opinion...
Seres Group Proposes RMB 0.8 Final Dividend for 2025
Mar 30, 2026
Seres Group Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.8 per share for the financial year ended 31 December 2025, with the payout subject to shareholder approval at a meeting scheduled for 22 April 2026. The dividend, to be con...
Seres Group Sets March 30 Board Meeting to Approve 2025 Annual Results
Mar 18, 2026
Seres Group Co., Ltd. has scheduled a board meeting for March 30, 2026, to review and approve the group’s annual results for the financial year ended December 31, 2025. The board will also consider recommending a final dividend for sharehold...
Seres Group Posts Strong Year-to-Date NEV Growth Despite February Slowdown
Mar 2, 2026
Seres Group Co., Ltd., a Chinese maker of new energy vehicles listed in Hong Kong, concentrates on Seres-branded NEVs and other electric models, positioning itself in the rapidly expanding clean-vehicle market. The company aims to grow its footpri...
Seres Group Doubles January Output as New Energy Vehicle Sales Surge
Feb 1, 2026
Seres Group Co., Ltd. reported a sharp increase in January 2026 production and sales, driven overwhelmingly by its new energy vehicles. Total vehicle production for the month reached 46,233 units, more than doubling year on year, while sales climb...
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. Sha...
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, shareh...
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...
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.