SERES Announces 2026 First-Half Earnings Forecast: Short-Term Profitability Impacted by Rising Raw Material Costs
On July 12, SERES released its earnings forecast for the first half of 2026, estimating net profit attributable to shareholders of between RMB -1.8 billion and RMB -1.5 billion.
SERES stated that its short-term earnings were affected by a combination of factors, including rising prices of key raw materials such as memory chips, industrial metals, and lithium carbonate, as well as non-recurring impairment charges on certain existing assets. Despite these temporary pressures, SERES maintains a strong cash position and a healthy balance sheet, providing a solid foundation for sustainable operations and resilience against market fluctuations.
The entire China automotive industry is also experiencing pressure from rising costs and intensifying competition. However, SERES continues to demonstrate strong long-term growth potential. During the first half of 2026, AITO vehicle deliveries increased 10.2% YoY. SERES continued to expand its premium product portfolio with the launch of the all-new AITO M9 and AITO M6. Deliveries of the all-new AITO M9 exceeded 10,000 units within three weeks of its launch, while deliveries of the AITO M9 Ultimate are scheduled to begin shortly.
AITO has consistently maintained its premium positioning. Through products such as the AITO M9 Ultimate, the brand continues to explore new possibilities in the premium automotive segment, strengthening its position through product excellence and technological innovation.
Industry analysts believe that this long-term premiumization strategy will be more important for future growth than short-term earnings fluctuations. AITO reflects the continued advancement of Chinese intelligent electric vehicle brands in the global premium market, while SERES remains well positioned for long-term growth.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Seres Group Co., Ltd.
Contact Person: Zhao Yan Yu
Email: Send Email
Country: China
Website: https://en.seres.cn/
