Goneo Group (603195) H1 2026 earnings summary

Executive summary

• Achieved revenue of RMB 8.39 billion in H1 2026, up 2.77% year-over-year; net profit attributable to shareholders reached RMB 2.15 billion, up 4.44% year-over-year.

• Maintained growth across core businesses: electrical connection, smart electrical & lighting, and new energy, with continued innovation and global expansion.

• Enhanced brand positioning towards high-end, fashion, and technology, and received multiple national and industry honors.

Financial highlights

• Operating income: RMB 8.39 billion, up 2.77% year-over-year.

• Net profit attributable to shareholders: RMB 2.15 billion, up 4.44% year-over-year.

• Operating cash flow: RMB 2.24 billion, down 5.97% year-over-year.

• Basic and diluted EPS: RMB 1.19, up 4.39% year-over-year.

• Gross margin improved, with operating costs rising 3.86% year-over-year.

Outlook and guidance

• Focus on innovation, digital transformation, and global market expansion, especially in Southeast Asia and Europe.

• Continued investment in R&D and new business incubation, including data centers and solar lighting.

• Emphasis on channel upgrades, digital operations, and supply chain optimization to drive future growth.