Guoxia Technology (2655) investor relations material

Executive summary

• H1 2026 revenue rose 106.5% YoY to RMB1,427.4m; gross profit increased 217.7% to RMB274.1m, and profit for the period reached RMB60.2m versus RMB5.6m.

• Domestic ESS shipments reached 3.7 GWh, up 105.6% YoY; revenue comprised RMB1,139.9m domestic and RMB287.5m overseas.

• Strategy targets an AI-enabled energy-storage ecosystem spanning hardware, algorithms, services, VPPs and computing-energy integration.

Financial highlights

• Revenue was RMB1,427.4m versus RMB691.4m; cost of sales rose to RMB1,153.3m from RMB605.1m alongside higher deliveries and expansion.

• Profit before tax was RMB68.5m versus RMB8.6m; profit for the period was RMB60.2m versus RMB5.6m, and attributable profit was RMB60.5m versus RMB5.6m.

• Basic and diluted EPS were RMB0.12 versus RMB0.01; no interim dividend was recommended or declared.

• R&D expense rose 71.7% to RMB28.6m; selling and marketing expense rose 137.7% to RMB71.0m, and administrative expense increased 35.9% to RMB44.3m.

• Net FX differences were a RMB41.9m expense versus a RMB9.8m gain; net other income and gains fell 57.2% to RMB6.4m.

Outlook and guidance

• H2 priorities include AI and large-model development, next-generation ESS, domestic key accounts, localized European and African expansion, and AI-powered VPP platforms.

• Plans include integrated green-power, storage and computing solutions; no numeric financial guidance was stated.