On June 3, SERES (09927.HK) fell 3.06% in regular trading, trading at 68.15 HKD/share, with trading volume of 25.66 million HKD.

On the news front, the company recently disclosed its May production and sales report. New energy vehicle monthly sales totaled 33,476 units, down 16.27% year-over-year; SERES-branded auto sales were 30,187 units, down 17.18% year-over-year, marking a notable monthly decline. Additionally, the Q1 report revealed that non-recurring adjusted net profit was only 103 million yuan, plunging 73.87% year-over-year, with profits heavily reliant on government subsidies — subsidies accounted for approximately 83% of net profit in Q1 — raising market concerns over earnings quality.

Meanwhile, the broader Automobile Manufacturers sector weakened collectively. Among sector peers, BYD COMPANY fell 2.07%, XPENG-W fell 3.06%, GEELY AUTO fell 0.48%, LI AUTO-W fell 4.44%, and LEAPMOTOR fell 4.94%, reflecting subdued industry sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)