Recently, Seres Group Co., Ltd. (hereinafter referred to as “Seres”) disclosed the performance forecast of the 2023 semi-annual report, and the net profit attributable to the parent company improved by 20%-28% year-on-year. In the future, Seres’s new energy vehicle business will continue to grow steadily, with continuous expansion and enrichment of the product matrix, iterative upgrades and faster delivery, and a comprehensive renewal of the service system.

Specifically, Seres expects to achieve a net profit attributable to the owners of the parent company in the first half of 2023 of a loss of 1.25 billion yuan to 1.39 billion yuan, a loss of 1.73 billion yuan in the same period last year, an improvement of 20%-28% year-on-year; The profit ranged from a loss of 1.8 billion to 1.93 billion yuan, a loss of 1.714 billion yuan in the same period last year.

As for the reason for the loss, Seres said that the promotion of the auto industry in the first quarter caused users to wait and see, and users’ expectation that the M5 smart driving version will be released in the second quarter will have a certain impact on the sales of existing models. The company’s sales in the first half of the year fell short of expectations. At the same time, due to the company’s high R&D investment in the core technology field of new energy vehicles and the continuous introduction of R&D and technical personnel, R&D expenses increased compared with the same period last year.

The production and sales bulletin shows that in the first half of this year, the cumulative sales volume of Seres Group’s automobile products was 92,200 units, a year-on-year decrease of 26.66%. Among them, the sales volume of Seres new energy vehicles was 44,800 units, a year-on-year decrease of 1.80%; the sales volume of Seres cars (including the AITO Wenjie series jointly created by Huawei and Seres and other Seres models) was 25,800 units, A year-on-year increase of 19.37%.