SERES(09927.HK): 2026 Interim Report - Profit Attributable to Shareholders stood at loss of CNY 1.72 billion, turned into a loss from a profit YoY

NewTimeSpace News: August 19, 2026, SERES(09927.HK) released its Interim Report for the period ended December 31, 2026, Total Revenue stood at CNY 57.42 billion, decreased by 7.92% YoY; Net Profit stood at loss of CNY 2.19 billion, turned into a loss from a profit YoY; Profit Attributable to Shareholders stood at loss of CNY 1.72 billion, turned into a loss from a profit YoY; Basic Earnings Per Share (EPS) stood at loss of CNY 0.99.

In terms of profitability, SERES Gross Profit changed from CNY 16.53 billion in the same period last year to CNY 12.52 billion in the current period, decreased by CNY 4.01 billion; gross profit margin changed from 26.51% in the same period last year to 21.81% in the current period, decreased by 4.7 percentage points; net profit changed from CNY 3.08 billion in the same period last year to loss of CNY 2.19 billion in the current period, decreased by CNY 5.27 billion; net profit margin changed from 4.93% in the same period last year to -3.82% in the current period, decreased by 8.75 percentage points. 

In terms of earnings quality, SERES Operating Profit changed from CNY 3.91 billion in the same period last year to loss of CNY 2.25 billion in the current period, decreased by CNY 6.16 billion; Operating Profit Margin changed from 6.28% in the same period last year to -3.92% in the current period, decreased by 10.19 percentage points; Net Cash Flow from Operating Activities changed from cash inflow of CNY 14.03 billion in the same period last year to cash outflow of CNY 12.84 billion in the current period, decreased by CNY 26.87 billion; Ratio of Net Cash Flow from Operating Activities to Total Operating Revenue changed from 22.51% in the same period last year to -22.36% in the current period, decreased by 44.87 percentage points. 

In terms of financial soundness, SERES Debt-to-Asset Ratio changed from 76.08% in the same period last year to 68.33% in the current period, decreased by 7.74 percentage points; Total Equity changed from CNY 27.01 billion in the same period last year to CNY 40.644 billion in the current period, increased by CNY 13.63 billion; Cash and Cash Equivalents changed from CNY 21.665 billion in the same period last year to CNY 14.438 billion in the current period, decreased by CNY 7.23 billion; Current Liabilities changed from CNY 77.01 billion in the same period last year to CNY 79.62 billion in the current period, increased by CNY 2.62 billion; Quick Ratio changed from 0.85 in the same period last year to 1.02 in the current period, increased by 0.17 percentage points. 

In terms of R&D investment focus, SERES R&D Expenses changed from CNY 2.93 billion in the same period last year to CNY 3.73 billion in the current period, increased by CNY 804.01 million; R&D to Total Revenue Ratio changed from 4.7% in the same period last year to 6.5% in the current period, increased by 1.8 percentage points.

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