ChipsCnEVPostabout 2 hours ago
Seres swings to H1 loss on parts price hikes, asset impairment
1 min read
Seres (HKEX: 9927) posted a 1.72 billion yuan ($253 million) net loss in H1 2026, versus a 2.94 billion yuan profit a year earlier. Revenue fell 7.87% to 57.49 billion yuan. Battery-grade lithium carbonate prices jumped 132.2%, and a 1.75 billion yuan intangible asset impairment weighed on results.
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