Hubei Guochuang Hi-tech Material Co Ltd

Guochuang High-tech released its 2026 half-year report. First-half net profit attributable to the parent was 18.99 million yuan, up 92.82% year on year. Operating revenue was 738 million yuan, up 30.34% year on year. Net profit attributable to the parent after deducting non-recurring items was 19.43 million yuan, up 118.75% year on year. Net operating cash flow was 34.49 million yuan, up 139.24% year on year. Earnings per share were 0.0207 yuan. In the second quarter, operating revenue was 241 million yuan, up 40.5% year on year, and net profit attributable to the parent swung from a loss of 2.02 million yuan in the same period last year to a profit of 12.16 million yuan. As of the end of the second quarter, total assets were 1.393 billion yuan, down 8.5% from the end of the previous year. Net assets attributable to the parent were 400 million yuan, up 2.3% from the end of the previous year. The company said its main business remained unchanged, mainly engaged in the research, production and sales of road asphalt series products. Although the industry faces challenges of weak supply and demand and rising costs, the company is working to improve profitability by optimising its business structure and strengthening internal controls.

Guochuang High-Tech announced that its controlling shareholder, Keyuan Holding Group, has cumulatively increased its holdings of the company's shares by 13.33 million shares through centralized competitive bidding, accounting for 1.4548% of the company's total share capital, with a cumulative increase amount of 37.29 million yuan. After the increase, Keyuan Holding and its concert party Tao Chunfeng together hold 160 million shares of the company, representing 17.4548% of the current total share capital. This share increase plan has not yet been fully implemented, and Keyuan Holding will continue to increase its holdings as planned.

Guochuang High-Tech announced that its controlling shareholder, Keyuan Holdings, increased its stake in the company by approximately 9.68 million shares through centralized competitive bidding on July 9 and 10, representing 1.06% of the company's total share capital, with an increase amount of about 26.98 million yuan. This increase marks the first implementation of Keyuan Holdings' previously disclosed share purchase plan of 60 million to 120 million yuan. Keyuan Holdings stated that the increase is based on recognition of the company's development prospects and investment value, aiming to boost market confidence and safeguard the interests of all shareholders, and it will continue to increase its stake at opportune times according to the plan.

Guochuang High-Tech disclosed an earnings forecast, estimating net profit for the first half of 2026 at 15 million yuan to 22.5 million yuan, representing a year-on-year increase of 52.3% to 128.45%. The profit growth is mainly due to expanded business scale and enhanced profitability following the acquisition of Ningbo Guopei, as well as the company's ongoing optimization of its business structure and strengthened internal controls, leading to a steady improvement in the profitability of its main operations.