Seres FY26 H1 turns to net loss of RMB 2.19 billion; revenue falls 7.9% to RMB 57.42 billion

• Seres posted a first-half net loss of RMB 2.19 billion, swinging from profit; earnings per share turned to RMB -0.99.
• Revenue slipped 7.9% to RMB 57.42 billion due to a product mix shift during a key model transition in Q2.
• Gross profit dropped 24.3% to RMB 12.52 billion; gross margin narrowed 4.7 percentage points to 21.8%.
• R&D expenses climbed 27.4% to RMB 3.73 billion; other gains and losses widened to a RMB 2.31 billion loss on RMB 1.75 billion impairment.
• New energy vehicle sales rose 3.87% to 178,800 units; the all-new AITO M9 logged over 20,000 deliveries in seven weeks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seres Group Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260819-12291062), on August 19, 2026, and is solely responsible for the information contained therein.