Raw material price increases squeeze profits, SERES mid-term performance forecast turns from profit to loss

SERES (9927.HK), which collaborates with Huawei to produce Aito vehicles, issued a profit warning, expecting to turn from profit to loss for the half-year period ending in June, with a loss of at least 1.5 billion yuan, compared to a profit of over 2.9 billion yuan in the previous year. After deducting non-recurring gains and losses, the net loss is expected to be at least 2.2 billion yuan, compared to a profit of over 2.4 billion yuan in the previous year. This is mainly affected by the rising prices of key raw materials such as storage chips, industrial metals, and lithium carbonate.

Partnering with Italy's Lutech, XUNCE accelerates AI solution commercialization in Europe

XUNCE (3317.HK) has signed a strategic cooperation memorandum with Italy's Lutech. The two parties will jointly develop AI transformation solutions aimed at Europe. They will promote the AI Token factory together and commercialize deployment in the European market, as well as co-build a cross-border innovation ecosystem centered on AI and secure data infrastructure.

Price increases in response to tight supply and demand, BASICSEMI's third-quarter product prices rise by over 20%

New stock BASICSEMI (9971.HK) will raise prices for some products in the third quarter of this year. Given the rapid development of emerging applications such as global AI and new energy vehicles this year, market demand continues to grow, maintaining a tight balance in the supply-demand relationship. Starting from the third quarter, the company will moderately adjust the sales prices of some products, with price increases for some products not exceeding 25%