Four China-Listed Automakers Warn of H1 2026 Losses as Costs Rise

Four China-listed automakers have issued profit warnings showing losses for the first half of 2026 amid rising raw material costs and intensifying competition, according to Jiemian News. BAIC BluePark (600733.SH) said on July 13 it expects a net loss attributable to shareholders of 1.77 billion yuan to 1.97 billion yuan for H1 2026. The company reported 2025 revenue of 27.94 billion yuan, up 92.5% year-on-year, with a net loss attributable to shareholders of 4.56 billion yuan; in Q1 2026 it posted revenue of 4.10 billion yuan, up 8.7%, and a net loss attributable to shareholders of 870 million yuan. Seres (601127.SH; 09927.HK) said on July 12 it expects a net loss attributable to shareholders of 1.5 billion yuan to 1.8 billion yuan for H1 2026, versus a profit of 2.941 billion yuan a year earlier, and a non-recurring-items-adjusted net loss of 2.2 billion yuan to 2.5 billion yuan. Its core subsidiary Seres Auto (AITO) is expected to post a net loss attributable to shareholders of 1.05 billion yuan to 1.3 billion yuan for H1, and an adjusted net loss of 1.7 billion yuan to 1.95 billion yuan; Seres also estimated AITO’s Q2 net profit attributable to shareholders at minus 2.15 billion yuan to minus 1.9 billion yuan. GAC Group (601238.SH) said on July 10 it expects a net loss attributable to shareholders of 4.06 billion yuan to 4.57 billion yuan for H1 2026, compared with a loss of 2.538 billion yuan a year earlier. JAC Motors (600418.SH) said on July 8 it expects a net loss attributable to shareholders of 740 million yuan for H1 2026, versus a loss of 773 million yuan a year earlier.