Guangdong Hongtu Technology Holdings Co Ltd

Guangdong Hongtu released its 2026 interim report, with net profit attributable to the parent company of 39.84 million yuan, down 65.09% from the same period last year. Total operating revenue was 4.186 billion yuan, down 1.97% year-on-year. Net cash inflow from operating activities was 33.21 million yuan, an increase of 665 million yuan compared with the same period last year. The company's latest asset-liability ratio was 43.31%, gross margin was 10.89%, and diluted earnings per share was 0.06 yuan.

Guangdong Hongtu has issued a profit warning, forecasting that net profit attributable to the parent company for the first half of 2026 will be between 36.5 million yuan and 41.3 million yuan, a year-on-year decline of 63.81% to 68.01%. The company expects revenue for the same period to be between 4.136 billion yuan and 4.236 billion yuan, down 0.8% to 3.14% year-on-year. Deducted non-recurring profit is forecast at 23.1 million yuan to 27.7 million yuan, a drop of 73.36% to 77.78%. The decline in performance is mainly due to multiple factors including a downturn in auto industry sales, intensifying market competition, rising raw material prices, exchange rate fluctuations, and high costs during the ramp-up phase of new project capacity. The company stated that second-quarter profit has achieved quarter-on-quarter growth, but this has not fully offset the adverse impacts.

Guangdong Hongtu shareholder Zhaoqing Gaoyao District Gaohong Industrial Investment Development Group has placed 15 million shares under supplementary pledge, accounting for 49.50% of its holdings and 2.26% of the company's total share capital. As of the announcement date, Gaohong Industrial Investment and its concert parties have cumulatively pledged 70 million shares, representing 49.34% of their total holdings and 10.56% of the company's total share capital. In the first quarter of 2026, Guangdong Hongtu achieved revenue of 1.96 billion yuan and a net loss attributable to the parent company of 7.04 million yuan.