Guangzhou Guangri (600894) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 3.12 billion, up 0.11% year-over-year; net profit attributable to shareholders was RMB 131.34 million, down 41.06% year-over-year.

• Operating cash flow turned positive to RMB 111.58 million from a negative RMB 193.55 million in H1 2025.

• The company will distribute a cash dividend of RMB 1.0 per 10 shares, totaling RMB 84.72 million, pending shareholder approval.

• The company continued to expand in both domestic and international markets, with overseas shipment volume up 26.81% year-over-year.

Financial highlights

• Operating income: RMB 3.12 billion (+0.11% YoY); net profit: RMB 131.34 million (-41.06% YoY).

• Operating cash flow: RMB 111.58 million (vs. -RMB 193.55 million YoY).

• Basic and diluted EPS: RMB 0.1538 (-40.34% YoY).

• Gross margin and net margin declined due to increased costs and lower non-recurring gains.

• Net assets attributable to shareholders: RMB 8.68 billion (-2.23% from year-end 2025).

Outlook and guidance

• The company expects continued growth in elevator renewal and maintenance driven by supportive government policies and urbanization.

• Overseas market expansion remains a focus, leveraging Belt and Road opportunities.

• Digital transformation and smart city solutions are strategic priorities for future growth.