Seres Projects H1 Loss Exceeding RMB 1.5 Billion as Aito Performance Sinks Parent Company

[Market Alert] Seres forecasts a net loss of RMB 1.5 billion to RMB 1.8 billion for the first half of 2026, swinging from profit to loss compared to the same period last year.

Key Development: Aito Drags Down Overall Performance, Quarterly Loss Exceeds RMB 1 Billion

Aito Vehicles is expected to report a parent company net loss of RMB 13.00 billion to RMB 10.50 billion for the first half, with non-GAAP net loss plunging further to RMB 19.50 billion to RMB 17.00 billion. This marks a sharp reversal from its RMB 29.41 billion profit in the same period of 2025.

Industry Impact: Share Price Hits Daily Limit Down, Sector Under Broad Pressure

Following this announcement, Seres’ A-share price closed at its daily trading limit down on July 13 at RMB 53.91, representing a cumulative decline of over 68% since October 2025. On the same day, the Shanghai-Shenzhen-Beijing passenger vehicle sector fell by 4.27% overall, reflecting clear industry-wide contagion.