Seres reports strong third quarter earnings, invests in Huawei Technologies

Seres' financial report for the third quarter of 2024 showed strong performance, with revenue reaching 41.582 billion yuan, a year-on-year increase of 636.25%, and net profit of 2.413 billion yuan. At the same time, Seres has paid the first transfer price of 2.3 billion yuan to Huawei Technologies Co., Ltd. to purchase Huawei's 10% equity in Shenzhen Yinwang Intelligent Technology Co., Ltd.