SERES Group Co., Ltd. (601127.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	160.0B	165.1B	145.2B	35.8B	34.1B
Cost of Revenue	117.5B	117.0B	107.2B	32.3B	30.2B
Gross Profit	42.5B	48.1B	38.0B	3.5B	3.9B
Operating Expenses
R&D Expense	8.1B	8.0B	5.6B	1.7B	1.3B
SG&A Expense	5.4B	—	—	—	—
General & Admin Expense	4.0B	4.8B	3.5B	1.7B	1.8B
Selling & Marketing Expense	19.0B	24.2B	19.2B	5.3B	4.8B
Other Expenses	2.4B	—	—	—	—
Total Operating Expenses	42.0B	40.9B	31.9B	9.5B	9.0B
Cost and Expenses	159.5B	157.9B	139.1B	41.8B	39.3B
Operating Income (EBIT)	1.3B	7.5B	4.9B	(4.0B)	(4.9B)
Non-Operating
Interest Income	267.5M	—	—	—	—
Interest Expense	31.4M	—	—	—	—
Net Interest Income	236.1M	—	—	—	—
Other Non-Op Income/Expense	84.6M	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	1.4B	7.5B	5.0B	(4.1B)	(4.9B)
Income Tax Expense	516.1M	1.3B	211.2M	75.9M	290.1M
Bottom Line
Net Income	1.3B	6.0B	5.9B	(2.4B)	(3.8B)
Earnings from Cont. Ops	889.0M	6.1B	4.7B	(4.2B)	(5.2B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	1.3B	6.0B	5.9B	(2.4B)	(3.8B)
Per Share
Basic EPS	CN¥0.90	CN¥3.68	CN¥3.94	(CN¥1.63)	(CN¥2.68)
Diluted EPS	CN¥0.90	CN¥3.67	CN¥3.94	(CN¥1.63)	(CN¥2.68)
Revenue Per Share	CN¥92.01	CN¥101.97	CN¥96.20	CN¥23.85	CN¥23.85
Shares
Basic Shares Outstanding	1.7B	1.6B	1.5B	1.5B	1.4B
Diluted Shares Outstanding	1.7B	1.6B	1.5B	1.5B	1.4B
Profitability Metrics
EBITDA	(2.0B)	12.0B	9.0B	(1.4B)	(2.7B)
D&A	1.3B	4.5B	4.0B	2.6B	2.2B
EBIT	(3.3B)	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026