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The company maintains Strong Cash Position and Financial Resilience. Its brand AITO Deliveries Increased 10.2% YoY in the First Half
Hong Kong, China – SERES has announced its earnings projection for the initial six months of 2026, with net profit attributable to shareholders anticipated to fall between RMB -1.8 billion and RMB -1.5 billion.
According to SERES, near-term profitability was impacted by several converging issues, including escalating costs for essential raw materials like memory chips, industrial metals, and lithium carbonate, along with one-time impairment charges tied to specific existing assets. Even with these short-term headwinds, SERES retains a robust cash reserve and a solid financial footing, offering a strong base for ongoing operations and the ability to withstand market volatility.
Cost increases and heightened rivalry are also affecting the broader Chinese automotive sector. Nonetheless, SERES continues to show considerable long-term growth promise. In the first half of 2026, AITO vehicle deliveries saw a 10.2% year-over-year rise. SERES further broadened its high-end product lineup by introducing the completely new AITO M9 and AITO M6. The new AITO M9 surpassed 10,000 units delivered within three weeks of its market debut, and deliveries for the AITO M9 Ultimate are slated to commence shortly.
AITO has steadily upheld its premium market standing. With offerings like the AITO M9 Ultimate, the brand keeps exploring fresh avenues within the luxury automotive segment, reinforcing its status through superior product quality and technological progress.
Market observers suggest that this enduring focus on premiumization will prove more critical for future expansion than temporary earnings shifts. AITO exemplifies the ongoing progress of Chinese intelligent electric vehicle brands in the worldwide luxury arena, while SERES stays well situated for sustained growth.
About Seres Group Co., Ltd.
Established in 1986, SERES operates as a technology-oriented enterprise centered on new energy vehicles (NEVs). With listings in Shanghai and Hong Kong, SERES is also counted among China’s Top 500 Enterprises. The firm is engaged in the research, development, manufacturing, sales, and servicing of new energy vehicles, in addition to core electric drivetrain technologies.
The name SERES originates from the ancient Greek term for the “Land of Silk,” evoking the East, sophistication, and luxury. Driven by the ethos of the Silk Road, SERES is dedicated to crafting a premier automotive brand that brings Chinese ingenuity to the international stage.
For more information, please visit: https://www.global-seres.com
