Guangju Energy disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 25.1692 million yuan and 28.1738 million yuan, representing a year-on-year increase of 169.9% to 202.12%. Deducted non-recurring net profit is expected to be between 23.6215 million yuan and 26.6261 million yuan, a year-on-year surge of 1,135.24% to 1,292.36%. The company stated that the earnings growth was mainly due to the upward shift in the central price of international crude oil driving up domestic refined oil procurement and sales prices, an improved industry supply-demand balance widening the wholesale-retail price spread, coupled with stable supply channels and the release of previously accumulated low-cost inventory, leading to higher volumes and prices in the refined oil business. Meanwhile, the provision for credit impairment losses decreased year-on-year. In addition, non-recurring gains and losses declined year-on-year, primarily due to a drop in securities investment income and fair value change gains.
Shenzhen Guangju Energy Co LtdGuangju Energy expects net profit to surge 169.9%-202.12% YoY in H1 2026, driven by higher crude oil prices and improved margins.