Seres Buys Back Shares Worth 70.31 Million Yuan

Chinese automaker Seres announced on September 15 that it had repurchased 1.54 million of its own shares on the Shanghai Stock Exchange. The total amount spent on the buyback was approximately 70.31 million yuan. These shares represent 0.09% of the company's currently issued shares. Seres stated that the repurchased shares are intended to be cancelled.

The buyback occurred within a price range of 45.07 to 46.10 yuan per share. According to the company's announcement, Seres held no treasury shares at the time of the repurchase, and the total number of issued shares was approximately 1.63 billion. The company did not provide further details on the strategic rationale behind the share repurchase beyond the stated intention for cancellation.

Recent performance data for Seres indicates a decline in its automotive business. In August 2026, the company's production of new energy vehicles decreased by 42.55% year-over-year, with sales falling by 43.96%. For the first half of 2026, Seres reported a net loss attributable to the parent company of 1.717 billion yuan.