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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 published its earnings projection for the initial six months of 2026, with net profit attributable to shareholders forecasted at a range of RMB -1.8 billion to RMB -1.5 billion.
According to SERES, near-term profitability has been influenced by multiple elements, including increasing costs for essential raw materials like memory chips, industrial metals, and lithium carbonate, in addition to one-time impairment charges tied to specific existing assets. Even with these short-term headwinds, SERES retains a robust cash reserve and a sound balance sheet, offering a strong base for ongoing operations and the ability to withstand market volatility.
Across China’s automotive sector, rising expenses and heightened competition are also creating strain. Nonetheless, SERES continues to showcase considerable long-term growth prospects. In the first half of 2026, AITO vehicle deliveries rose by 10.2% compared to the same period last year. SERES further broadened its high-end product lineup by introducing the fully redesigned AITO M9 and AITO M6. The brand-new AITO M9 surpassed 10,000 units delivered within three weeks of its market debut, and deliveries of the AITO M9 Ultimate are expected to commence imminently.
AITO has consistently upheld a premium market standing. Leveraging models like the AITO M9 Ultimate, the brand keeps exploring new frontiers within the luxury automotive segment, reinforcing its market position through outstanding products and technological progress.
Market observers believe that this sustained emphasis on premiumization will prove more critical for future expansion than temporary fluctuations in earnings. AITO exemplifies the ongoing ascent of Chinese intelligent electric vehicle brands in the global luxury space, while SERES remains strongly positioned for enduring growth.
About Seres Group Co., Ltd.
Established in 1986, SERES is a technology-oriented company whose core focus is new energy vehicles (NEVs). With listings in both Shanghai and Hong Kong, SERES is also counted among China’s Top 500 Enterprises. The firm is involved in the research, development, manufacturing, sales, and servicing of new energy vehicles, along with foundational electric powertrain technologies.
The name SERES originates from the ancient Greek word for the “Land of Silk,” evoking the East, refinement, and luxury. Drawing inspiration from the Silk Road’s legacy, SERES is dedicated to creating a premium automotive brand that showcases Chinese innovation on the world stage.
For more information, please visit: https://www.global-seres.com
