Seres Group Expects H1 2026 Net Loss
Chinese automaker Seres Group has issued a profit warning for the first half of 2026, forecasting a net loss between $220 million and $270 million.
Seres Group has issued a profit warning for the first half of 2026, forecasting a net loss attributable to shareholders of between RMB 1.5 billion ($220 million) and RMB 1.8 billion ($270 million) for the period January 1 to June 30. This marks a reversal from a net profit of RMB 2.941 billion ($430 million) reported in the same period last year.
The company attributed the expected earnings decline primarily to higher production costs stemming from increased prices of key raw materials, including memory chips, industrial metals, and lithium carbonate. Seres also stated that it adjusted the carrying value of certain assets that have become less suitable due to technological upgrades and model replacements, adhering to a principle of prudence.
The core subsidiary, Aito, is expected to move from a profit to a loss, contributing to Seres Group's consolidated net loss. These earnings forecasts are based on preliminary calculations and have not yet been audited. Final financial results will be disclosed in the company's interim report for the first half of 2026.