Guangri Shares disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 3.12 billion yuan, up 0.11% year on year, with net profit attributable to the parent of 131 million yuan, down 41.06% year on year, and non-GAAP net profit of 160 million yuan, down 11.40% year on year. The company plans to distribute a cash dividend of 1 yuan per 10 shares, tax included. As of the end of the second quarter, total assets were 14.221 billion yuan, down 6.0% from the end of the previous year, and net assets attributable to the parent were 8.683 billion yuan, down 2.2% from the end of the previous year. Operating costs in the first half rose 2.22% year on year, outpacing revenue growth. Gross margin fell to 13.22% from 15.01% a year earlier, and net margin dropped to 4.35% from 7.41% a year earlier. The company said basic demand in the elevator industry still exists, supported by national policies, especially in the renewal of old elevators and new construction projects, while it continues to deepen its smart parking equipment and smart lighting businesses. Revenue has declined for two consecutive years, falling 1.68% in 2024 and 0.20% in 2025 year on year.
Guangzhou Guangri Stock Co LtdFirst-half net profit fell 41% and margins declined, with operating costs outpacing revenue growth.
