赛力斯2025年年度报告

• 0.820263301,741,985,0861,393,588,068.801,899,931,555.4631.90%AH2025 2025 √ √ 35104968123148159160173272 571C1C320075112011429A601127H9927SF MotorsSF MotorsInc. A1.00H1.00H2025115H20251120251231H202512319(MPV)(SUV)SUV(Sport Utility Vehicles)AI(Artificial Intelligence) Seres Group Co., Ltd.SERES 7023-65179666023-65179777601127@seres.cn 7023-65179666023-65179777601127@seres.cn 7202261-177401335www.seres.cn601127@seres.cn (www.cnstock.com)(www.cs.com.cn)(www.stcn.com)(www.zqrb.cn)www.sse.com.cnwww.hkexnews.hk (%) 「9 2025164,88813.63%10.63% 20257,47050.86% √ √ √√ 51.69 2019-202513124155%1624958%5%60% 202576.6%L2+60% 2025166202246% + OTA 0.520251.38 4S202581.9% + 2025 164,88813.63%7,47050.86% 202540,91828,65470.91%16 12,5125,45977.4%7,9542,36942.4%9,0192,81841.1% 1 20252025M9M8M7M5 UltraSUVM91150SUVM815440SUVM711930 2 20252.0 2.0AI 2.0T1.5T2.0T800V IP4.0 WEWAADS4.020253832.9%95.4%AI L4 AI36,000+ IPD 3AI AIAIAIAIAIAI SUV3 24,19426.1%22,95326.7% 1 2025M9 20252025(NPS)30 2 380218100%234 3 202531.249.5 SUV2025SUV20% 1+2+N + + AI 20252025SUVM9M8M7 20255 2.0IP AIAI 202537.5%2.02026150% + AI 33 202547.2310.63%164,88813.63%5,957 1 2 √(1). (2). (3). √ (4). A. √ 19,63311.89%00% 96,77258.31%22,33513.46%56,05433.78% 3 √ 1 4 √ 7,954,3204,557,60712,511,927(%)7.59(%)36.43 (2). √ 9,019(%)41.08% 752,4086,2472890 30302,97630-4030405,13340-50405083750-60506070603 (3). √ 20252,81845.44%75114.29%2,40881.19% 2025 + 5 1 6 20241231202512316,333.748,363.37,903.94,260.3 7 20251231 3133 8 2025179.1202426.8 9 202512315038,907.9 10 202512312.44202412316.9370.91%2024123187.38% 11 202420255,935.37,270 12 20241231672.1202512311,855 √ 1 (%)(%)(%) 2024123110,266.9202512315,082.6(1)42,029.6H(2)3,643.63,790.7(3)5,797.77,281.8 (i)(ii)(iii)(iv)(v) 2 √ (1). 13,697.99.52%H 3 √ 50. √ √ √ (%)300,000432,331144.11300,00085,81528.61 2 √ √ √ 3 √ √ (%)300,000432,331144.11 √ √ 2025123113,562.420241,972.3 5% 1. 100% 8,518.38100%5.9% M9 2. 11,50010%9.36%8.14% + 1 20251231202512315% 2 √ 100%2025221[2025]30720253100% 10%11510% 3 • • • √ 10% √ √ AIAI20261,90015.2% 20267404.3% AIL3 AI 2026 + + SUV 2026 5,0003,000+1,800+200+220+400+ +Robo-XC 1.2.3.4.5. √ 20251231 19862016615601127A2025115H9927 51 2025(ESG) H622 202510A20252025A0.311,633,366,086506.34 2025100.81,393.59AH2025 506.34202520251,899.93202531.90%202662120252025 20251231 A [2015]10111111150%20% (QFII) QFII[2009]4710% A [2014]81[2016]127 10% 10% H H[2008]897H200810% [1993]045[2011]348201174 10% 10%20% 20% H [2014]81[2016]127 H20% 30%58.31%33.78% 5% H19A 13.51B(1) 8.10 20251231XV(i)XV78(ii)352(c) (1)L(2)202512311,741,985,0861,633,366,086A108,619,000H(3)2024A(4)202440,948AA(5)202440,948AA (1)SF Motors, Inc.SF Motors, Inc. 20251231(i)XV78(ii)352(c) 48A 1 a. 20251015H20251231 202512312102025123159.78 b. 20251015H20251231 2025123150020251231358.52 c. 202312010800 (i)(ii)(iii) 20251231800202512310 2 44.05%6.61% a. 20251015H20251231 202512313,000202512311,131.47 b. 20251015H20251231 202512311202025123145.02 20251231 1.2.3. 3000740 1. 2.3.4. 2025202512312025121220262025 202620261120261231120262026162026202650020261,700 H 2025115H1.00H108,619,000131.5014,283.4185.3414,098.0620251231HH 20251231H 20251231(1) (i) (a)20.00%2,819.610.002,819.612026-2028(b)10.00%1,409.810.001,409.812026-2028(c)5.00%704.900.00704.902026-2028(d)5.00%704.900.00704.902026-2028 (a)20.00%2,819.610.002,819.612026-2028(b)10.00%1,409.810.001,409.812026-2028 (1) (2) A 31 17 14 40 521,562.11 29.22 13.2013.2113.22 2026330 √ 135 e √ √ √ C1 H20251231 20251231 202512 1220261 6 (i)20253303.09D(ii) (i)202512123.09D(ii) (i)(ii)(iii)(iv)(v) (vi)(vii)(viii)(ix)(COO)(CTO)(x)(xi)(xii)(xiii)(xiv)(xv)A.2.1 C.2.1 20201120174(i)(ii)(iii) H20251231 3.13 20251231 20251231 20251231 051–2005200–40084001 20036 1986719974 603596202496881873898202210 19837 3007882017520233360 19946 60027960319120187202482017920231160319120179202311129220236 1989620018 11592017520239176660176609160012892459True Partner Capital HoldingLimited(8657)20211220211120221220203 19917 20131219981020185 1 √ 202010 1820207 1020235 4 2 √ √ 2022202024202520252025 20252,710.41 2025 202512122026162026 √ √ 10118 √ √ (ESG) 2 6 3.21D.3 3.10(2)3.21 66202510151166662025101511 3 3.27AB.3 1 3.25E.1 (ESG)1 ESGESGESGESG ESG (ESG) ESG 11111111 √ 56321,39221,9550 8,605 1,875 720 21,955 3,612 4,411 21,955 √ 202512317,139.8 √ 1SAI 2CEO 34AI+5C9985 √ √ 3 √ √√√√√ √ √ (1)3,984,034,565.28(2)0(3)=(1)+(2)3,984,034,565.28(4)3,151,015,235.13(%)(5)=(3)/(4)126.44%5,956,787,449.911,562,107,211.57 2026 20253312025 2025 2026202620252026 20254710.63%20251650.5413.69%59.570.18% 2026 2025M9 2025M8M7M5Ultra 202520253,1002,2001,60078.9%45.44% 2026 20251931.90%2025 2026 202524.84 e202520