Seres Forecasts Net Loss of RMB 1.5–1.8 Billion in First Half of 2026

Seres expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB -18.00 billion and RMB -15.00 billion, compared to a profit of RMB 29.41 billion in the same period last year. Its net profit after deducting non-recurring gains and losses is projected to range from RMB -25.00 billion to RMB -22.00 billion, versus RMB 24.74 billion in the corresponding period of the prior year. Specifically, the Aito automotive business is expected to report a net loss of RMB -13.00 billion to RMB -10.50 billion, with net loss after deducting non-recurring items estimated at RMB -19.50 billion to RMB -17.00 billion. The anticipated losses are primarily attributed to rising raw material prices leading to higher costs, as well as adjustments to the carrying values of certain existing assets.