GSP Automotive Group Wenzhou Co Ltd

Guansheng Shares released its 2026 interim report, with net profit attributable to the parent company at 126 million yuan, a decrease of 22.33% compared with the same period last year. The company's total operating revenue was 2.4 billion yuan, and net cash inflow from operating activities was 275 million yuan. The latest asset-liability ratio was 63.19%, gross margin was 25.10%, return on equity was 4.34%, and diluted earnings per share was 0.63 yuan.

Guansheng Shares recently responded to share price fluctuations during an investor relations event, stating that the company's production and operations are normal with no major risks. In 2025, total operating revenue was 4.449 billion yuan, up 10.67% year-on-year, but net profit attributable to the parent was 295 million yuan, down 0.93% year-on-year. In the first quarter of this year, total operating revenue was 1.108 billion yuan, up 23.99% year-on-year, while net profit attributable to the parent was 77.7675 million yuan, down 7.40% year-on-year, and core net profit was 67.4993 million yuan, down 10.91% year-on-year. The financial expense ratio rose by 5.05 percentage points to 4.34% due to increased exchange losses. The company said it has addressed exchange rate risks through contract price adjustment clauses and hedging operations, and mentioned that its Dubai warehouse in the Middle East has commenced operations, but geopolitical conflicts have had a short-term impact on shipping costs.