Guao Technology released its 2026 half-year report on August 26, posting a net profit attributable to the parent of 317 million yuan for the first half, a turnaround from a loss of 113 million yuan in the same period last year. Operating revenue was 38.1 million yuan, down 47.2 percent year on year. Net profit attributable to the parent after deducting non-recurring items was a loss of 42.6 million yuan, narrower than the loss of 114 million yuan a year earlier. Net operating cash flow was negative 67.44 million yuan, down 40.6 percent year on year. Earnings per share were 0.93 yuan. In the second quarter, operating revenue was 24.68 million yuan, down 48.0 percent year on year, while net profit attributable to the parent was 351 million yuan, compared with a loss of 62.96 million yuan a year earlier. Net profit attributable to the parent after deducting non-recurring items was a loss of 7.94 million yuan, narrower than the loss of 63.27 million yuan in the same period last year. As of the end of the second quarter, total assets were 792 million yuan, up 72.8 percent from the end of the previous year, and net assets attributable to the parent were 641 million yuan, up 88.6 percent. The company said the change in performance was mainly due to a significant investment gain from selling its stake in associate company Hongqixin, while it also launched new products in smart financial systems and financial information services, and its subsidiary Shanghai Qianyu focused on research and development of financial derivatives software.
Shanghai GuAo Electronic Technology Co LtdSwing to profit driven by investment gain from selling stake in associate, though core operations still loss-making.
Subsidiary focused on R&D of financial derivatives software, mentioned as part of company's new product initiatives.
