STOCKS | Seres Group Expects H1 Loss of RMB1.5 Billion to RMB1.8 Billion

Seres Group (601127.SH) said in a filing to the Shanghai Stock Exchange that it expects to post a net loss of RMB1.5 billion to RMB1.8 billion for the first half of this year, according to Ming Pao. The company reported a net profit of RMB2.941 billion in the same period last year. Its Seres Auto unit, also known as Aito, expects a loss of RMB1.05 billion to RMB1.3 billion.