Guoguang Electric disclosed an earnings forecast, estimating a net loss attributable to the parent of 65 million to 79.5 million yuan for the first half of 2026, compared with a profit of 64.3566 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 93.9 million to 108 million yuan, versus a profit of 35.9551 million yuan a year earlier, with basic earnings per share ranging from negative 0.12 yuan to negative 0.14 yuan. The company said the change in performance was mainly due to the divestiture of Guangzhou Guoguang International Trade at the end of last year to focus on its core business, while customers adjusted shipment schedules leading to a year-on-year decline in operating revenue. This was compounded by rising raw material prices for memory chips, magnetic steel, lithium cobalt oxide, and plastics, which pushed up production costs and reduced gross profit, as well as adverse movements in the exchange rate of foreign currencies against the yuan resulting in exchange losses. However, thanks to continuous lean management and cost reduction and efficiency improvement, selling, administrative, and research and development expenses fell by approximately 100 million yuan year-on-year during the reporting period.
Guoguang Electric Co LtdRising raw material prices for memory chips, magnetic steel, lithium cobalt oxide, and plastics increased production costs and reduced gross profit.