Huguang Group's second-quarter 2025 performance is in line with expectations

Huguang Auto's performance in the second quarter of 2025 met expectations, with operating revenue reaching 2.087 billion yuan, a year-on-year increase of 10.71% and a quarter-on-quarter increase of 35.28%. This was primarily due to increased sales of its customer, the SERES brand, which sold 109,181 vehicles in the second quarter of 2025, an increase of 8.92% year-on-year and 141.13% quarter-on-quarter. Operating revenue in the first half of 2025 reached 3.630 billion yuan, a year-on-year increase of 6.20%. Net profit attributable to the parent company was 276 million yuan, a year-on-year increase of 8.40%. Net profit after deducting non-regular gains and losses was 268 million yuan, a year-on-year increase of 9.48%.