On August 19, Seres disclosed that its operating revenue for the first half of 2026 amounted to 57.493 billion yuan, marking a year-on-year decline of 7.87%. This downturn was primarily attributable to shifts in the product sales mix and the fact that the company's main models were undergoing a transitional phase of product iteration during the second quarter. As a result, the benefits of increased production capacity and sales scale were not fully realized. Additionally, the net profit attributable to shareholders of the listed company registered a loss of 1.717 billion yuan, in stark contrast to the profit of 2.941 billion yuan recorded during the same period last year. The loss stemmed from a combination of factors, including changes in the product sales mix, the transition of main models, and periodic price hikes in core components of new energy vehicles, such as batteries and chips. These factors led to related asset impairment provisions, which collectively exerted a negative impact on the company's profitability.