Guochuang High-tech released its 2026 half-year report. First-half net profit attributable to the parent was 18.99 million yuan, up 92.82% year on year. Operating revenue was 738 million yuan, up 30.34% year on year. Net profit attributable to the parent after deducting non-recurring items was 19.43 million yuan, up 118.75% year on year. Net operating cash flow was 34.49 million yuan, up 139.24% year on year. Earnings per share were 0.0207 yuan. In the second quarter, operating revenue was 241 million yuan, up 40.5% year on year, and net profit attributable to the parent swung from a loss of 2.02 million yuan in the same period last year to a profit of 12.16 million yuan. As of the end of the second quarter, total assets were 1.393 billion yuan, down 8.5% from the end of the previous year. Net assets attributable to the parent were 400 million yuan, up 2.3% from the end of the previous year. The company said its main business remained unchanged, mainly engaged in the research, production and sales of road asphalt series products. Although the industry faces challenges of weak supply and demand and rising costs, the company is working to improve profitability by optimising its business structure and strengthening internal controls.
Hubei Guochuang Hi-tech Material Co LtdFirst-half net profit up 92.82% YoY, revenue up 30.34%, and Q2 swung to profit.
