GRG Banking Equipment (002152) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥5.12 billion, down 2.86% year-over-year; net profit attributable to shareholders was ¥423 million, down 9.16%.

• Core business lines: fintech, urban intelligence, and smart transportation, with continued AI-driven innovation and international expansion.

• Maintained leading market share in domestic smart financial equipment for 18 consecutive years; international business saw double-digit growth in new contracts.

• Proposed interim cash dividend of ¥1.00 per 10 shares, totaling ¥248 million.

Financial highlights

• Operating income: ¥5.12 billion (–2.86% YoY); net profit: ¥423 million (–9.16% YoY); EPS: ¥0.17 (–10.53% YoY).

• Gross margin improved to 28.88% (+0.44ppt YoY); operating cash flow was –¥936 million (–16.32% YoY).

• Total assets at period end: ¥27.45 billion (–7.49% from year-end 2025); net assets: ¥12.37 billion (–0.89%).

• R&D investment: ¥456 million, 8.9% of revenue.

• Non-recurring gains: ¥43.4 million, mainly from government grants and investment returns.

Outlook and guidance

• Focus on AI-driven product upgrades, digital government, and international expansion.

• Continued investment in R&D and digital infrastructure; emphasis on risk management amid macroeconomic and market uncertainties.