Guangyunda released its 2026 interim report on August 27. Leveraging a dual-engine strategy of electronic manufacturing and aviation manufacturing, and expanding through mergers and acquisitions of communication terminal and aviation precision component businesses, the company achieved explosive growth during the reporting period. Financial data shows that during the reporting period, the company achieved operating revenue of 1.086 billion yuan, up 117.90% year-on-year; net profit attributable to the parent company was 14.7538 million yuan, up 728.49% year-on-year; but non-recurring net profit was negative 128 million yuan, a sharp year-on-year decline, and net cash flow from operating activities was negative 139 million yuan, with the net outflow widening compared with the same period last year. In terms of business structure, the communication terminal business contributed revenue of 367 million yuan, mainly due to the consolidation of the controlling subsidiary Yilian Wuxian; electronic manufacturing services achieved revenue of 396 million yuan, up 8.43% year-on-year, with a gross margin of 36.44%; the aviation components business achieved revenue of 179 million yuan, up 83.75% year-on-year, with gross margin rising to 37.56%. The substantial growth in performance mainly stemmed from the expansion of the consolidation scope, with new entities such as Yilian Wuxian and Lingxuan Precision included in the statements, but the comprehensive gross margin fell by 11.31 percentage points year-on-year to 26.92%, and administrative expenses surged by 204.10% year-on-year. It is worth noting that the company participated in the strategic placement of Youyan Metal's STAR Market IPO, generating a fair value change gain of approximately 115 million yuan, which was included in non-recurring gains and losses. If this factor and the impact of share-based payments are excluded, there is a significant difference between the company's actual operating results and its book net profit.
