Great Star Technology's First-Half Revenue Rises 5%, Exchange Losses Exceed 100 Million Yuan Weighing on Profit

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Great Star Technology released its 2026 half-year performance forecast, with first-half revenue up about 5% year-on-year, but the appreciation of the renminbi led to exchange losses exceeding 100 million yuan. Net profit attributable to the parent is expected to be between 1.209 billion yuan and 1.464 billion yuan, fluctuating between minus 5% and plus 15% year-on-year. The company said that new infrastructure for US AI computing power and data centers is driving demand for industrial-grade professional tools, and the expansion of its own brands and cross-border e-commerce channels also contributed to growth. However, the central parity rate of the US dollar against the renminbi fell from 7.1586 in the same period last year to 6.8109, an appreciation of about 4.9%. Compared with an exchange gain of 59 million yuan in the same period of 2025, this created a profit gap of over 150 million yuan. Institutions estimate that after stripping out the exchange impact, core profit growth could reach 18%. Several brokerages maintain a buy rating, optimistic about the sustainability of AI infrastructure tool orders and the long-term growth potential brought by brand upgrades.

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Hangzhou Great Star Industrial Co Ltd
002444
± MixedMonetaryrelevance

Renminbi appreciation caused exchange losses exceeding 100 million yuan, weighing on profit, but core profit growth estimated at 18% excluding FX impact.

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