GUOXIA TECH (02655) released its interim results, with profit attributable to shareholders reaching 60.547 million yuan, a year-on-year increase of 986%.

GUOXIA TECH (02655) announced its results for the six months ending June 30, 2026, with total revenue of RMB 1.4274 billion, representing a growth of 106.5% compared to the previous period. Among this, domestic business revenue was approximately RMB 1.1399 billion, up 101.7% from the previous period, while overseas business revenue was about RMB 287.5 million, an increase of 127.9%. The overall gross margin was 19.2%, an increase of 6.7 percentage points from the previous period, reflecting improved profit quality and operational efficiency. The profit attributable to equity holders of the parent company was RMB 60.547 million, a year-on-year increase of 986%; basic earnings per share were RMB 0.12. During the reporting period, the group's domestic energy storage system shipments reached 3.7 GWh, a growth of 105.6% from the previous period, further highlighting the economies of scale. Domestic Market: Deepening cooperation with leading clients, steadily expanding market share. The group continues to deepen its strategic cooperation with major energy investment groups and relevant sectors, steadily expanding its market share in large independent energy storage plants. Leveraging the Starry Sky large model, the group has achieved intelligent upgrades in power generation, load, and electricity price forecasting and completed the integration of the VPP platform and price platform, supporting autonomous strategic control and proactive safety maintenance of equipment in multi-scenario energy systems. With technology premium and platform-based solutions, the group has maintained a profit level and customer stickiness that outperforms industry averages in the domestic market. Overseas Market: Establishing localized networks, achieving breakthroughs in key regions. During the reporting period, the group set up subsidiaries in Hong Kong, Singapore, the UK, and the Netherlands, building a localized operational network and service team to develop comprehensive local service capabilities. The UK market achieved a strategic breakthrough by engaging in government-level projects, validating product compliance and local delivery capabilities; the African market is steadily developing a localized network across multiple countries, further consolidating the groups leading position in the household energy storage sector in Africa. Capacity Layout: Four major bases collaborating, enhancing autonomous manufacturing capabilities. In the first half of the year, two new production bases were added in Chengdu and Jiangsu Lianyungang Port, forming a pattern of four major production bases. The group is concurrently constructing large-scale energy storage intelligent production lines, expanding household energy storage production lines, and advancing digital transformation across various bases, gradually reducing dependence on external OEMs; through global supply chain integration, lean production, and bulk purchasing, the group effectively buffers the volatility of raw material prices, ensuring stable profit levels. Industry position validated by a third party. According to a report by Zhiwen Consulting, based on the global newly added installed capacity and shipment volume of multi-purpose energy storage systems by 2025, the group ranks as the ninth largest energy storage system supplier globally and the seventh largest in China; based on newly added installed capacity of household energy storage in Africa by 2025, it ranks third globally; and based on newly added shipment volume of household energy storage in Africa by 2025, it ranks fourth globally.