Seres Posts Another Loss After "Breaking Up" with Huawei
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Author:小编   

Seres has released its first financial report since adjusting its AITO partnership with Huawei. On the evening of October 30, the company reported third-quarter revenue of 28.08 billion yuan, down 41.7% year-on-year. Net profit attributable to the parent company came in at 1.42 billion yuan—a significant improvement from the roughly 2.471 billion yuan loss in the second quarter—but the company still posted a loss of 1.37 billion yuan after excluding non-recurring gains and losses.