Guoguang Electric released its 2026 interim report, showing a net loss attributable to the parent company of 75.75 million yuan for the first half, a year-on-year decline of 217.7%. Operating revenue was 3.27 billion yuan, down 15.6% year-on-year. Net loss attributable to the parent after deducting non-recurring items was 101 million yuan, down 379.5% year-on-year. Net operating cash flow was 129 million yuan, down 31.2% year-on-year. In the second quarter, operating revenue was 1.74 billion yuan, down 18.9% year-on-year, with a net loss attributable to the parent of 50.01 million yuan. The company said the loss was mainly due to the divestiture of its international trading company at the end of 2025, which reduced revenue, as well as rising raw material prices and exchange losses. However, through cost reduction and efficiency improvements, selling, administrative, and research and development expenses fell by approximately 100 million yuan, 21.83 million yuan, and 69.57 million yuan respectively year-on-year.
Guoguang Electric Co LtdFirst-half net loss of 75.75 million yuan, down 217.7% year-on-year, with revenue down 15.6%.
