Guangda Tongchuang released its 2026 interim report, with operating revenue of 885 million yuan, up 17.96% year on year, but net profit attributable to the parent company was negative 17 million yuan, down 171.18% year on year, swinging from profit to loss. Non-GAAP net profit was negative 18 million yuan, down 180.26% year on year, and net cash flow from operating activities was negative 59 million yuan, shifting from net inflow to net outflow. Revenue from functional products was 506 million yuan, up 18.91% year on year, with a gross margin of 10.50%, down 6.99 percentage points year on year. Revenue from protective products was 310 million yuan, up 2.07% year on year, with a gross margin of 21.57%, down 3.09 percentage points year on year. The change in performance was mainly due to intensifying industry competition, rising raw material costs, the carbon fiber lightweighting and laptop keyboard businesses of newly established subsidiaries still being in the introduction phase, the consolidated subsidiary Dongguan Chenglin Electronics being in an integration period, and expanded foreign exchange losses. The company said it needs to monitor the recovery of gross margins in new businesses, the impact of foreign exchange gains and losses, and improvement in operating cash flow.
Shenzhen Bromake New Material Co. Ltd. ANet profit swung to a loss of 17 million yuan, down 171.18% year on year, with margins declining.
Consolidated subsidiary Dongguan Chenglin Electronics is in an integration period, contributing to the loss.
