Guangzhou Haige Communications Group Incorporated Company (002465) investor relations material

Executive summary

• Revenue for H1 2026 was ¥2.06 billion, down 7.51% year-over-year, with a net loss attributable to shareholders of ¥181 million, compared to a net profit of ¥2.5 million in H1 2025.

• Gross margin declined due to product mix changes and lower contract signings, while R&D investment remained high at ¥443 million, 21.49% of revenue.

• The company continued to expand in emerging areas such as chips, satellite internet, Beidou, robotics, and intelligent systems.

Financial highlights

• Operating cash flow improved to -¥252 million from -¥532 million year-over-year.

• Basic and diluted EPS were -0.0736, down from 0.001 in the prior year.

• Total assets at period-end were ¥21.16 billion, down 0.51% from year-end 2025.

• Net assets attributable to shareholders decreased 2.88% to ¥11.09 billion.

• Non-recurring gains totaled ¥75 million, mainly from government subsidies and investment returns.

Outlook and guidance

• The company will continue to focus on high-end manufacturing and modern services, with strategic investments in Beidou, 5G, satellite internet, low-altitude economy, and AI.

• No interim dividend, bonus shares, or capital increase from reserves is planned.