Guoxia Technology (2655) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 100.6% YoY to RMB2,057.4m; profit for the year increased 109.5% to RMB102.9m, driven by energy storage demand and business expansion.

• Growth reflected larger domestic and overseas ESS projects, expanded product offerings, and stronger project execution; operating cash flow reached RMB145.2m.

Financial highlights

• Revenue was RMB2,057.4m, up 100.6% YoY; cost of sales rose to RMB1,674.8m from RMB870.6m as operations expanded.

• Gross profit increased 146.8% to RMB382.6m; gross margin expanded to 18.6% from 15.1%.

• Profit attributable to owners was RMB102.9m versus RMB49.1m; basic and diluted EPS were RMB0.22 versus RMB0.17.

• R&D expense rose 98.1% to RMB62.6m; selling and marketing expense increased 154.1% to RMB101.4m, reflecting overseas expansion.

Outlook and guidance

• Annual ESS capacity increased to 4,800.6 MWh in 2025 from 1,561.2 MWh in 2024; by end-2027, planned additions are 6.0 GWh for large-scale and C&I ESS and 240,000 residential units (900 MWh).

• Plans include four large-scale/C&I production lines and three residential lines, upgraded facilities, and more automated production systems.

• By 2026, plans include an intelligent O&M system using drones, robots and smart helmets, plus an industry-specific AI model for workflows from load forecasting to work orders.

• Raw-material cost pressure is expected to persist; cost controls are intended to support stable, competitive gross margins.