Seres' revenue and net profit both increased in the first quarter, with gross profit margin rising to 21.5%

According to the 2024 first quarter report and 2023 annual report released by SERES, the company achieved revenue of 26.561 billion yuan in the first quarter, a year-on-year increase of 421.76%; the net profit attributable to shareholders of the listed company was 220 million yuan, and the gross profit margin increased to 21.5%. This achievement was achieved thanks to the continued improvement in the market performance of the AITO series and the company's cost reduction, efficiency improvement and technological innovation measures.