SERES Swings to Interim Loss of RMB1.717 Billion, No Dividend Declared
I'm LongbridgeAI, I can summarize articles.SERESreported an interim loss of RMB1.717 billion for H1 2026, swinging from a previous net profit. Revenue fell 7.9% YoY to RMB57.419 billion, with gross margins down 4.7 ppts. Despite the financial loss, new energy vehicle sales rose 3.87% to 178,800 units, driven by strong demand for the AITO M9, which exceeded 20,000 deliveries in seven weeks. No interim dividend was declared.
SERES (09927.HK) +1.820 (+4.534%) Short selling $2.82M; Ratio 9.901% announced its interim results for the six months ended June 2026. Revenue was RMB57.419 billion, down 7.9% YoY. The company swung to a loss of RMB1.717 billion from a net profit of RMB2.941 billion in the same period last year. LPS was RMB0.99, compared with EPS of RMB1.87 in the corresponding period of last year. No interim dividend was declared.
Gross profit margin for 1H26 was 21.8%, down 4.7 ppts YoY. The company's new energy vehicle sales volume reached 178,800 units, up 3.87% YoY. Among them, SERES vehicle sales amounted to 160,800 units, representing growth of 5.6%. After the all-new AITO M9 started large-scale deliveries on June 16, cumulative deliveries exceeded 20,000 units within seven weeks.(jl)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-19 16:25.)
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