Guoli Electronics released its 2026 half-year report. Net profit attributable to the parent in the first half was 31.51 million yuan, down 11.8% year-on-year, while operating revenue was 707 million yuan, up 24.2% year-on-year. Second-quarter operating revenue was 400 million yuan, up 18.1% year-on-year, and net profit attributable to the parent was 24.78 million yuan, up 3.5% year-on-year. The company said revenue growth was mainly driven by market expansion in emerging fields such as new energy vehicles, semiconductor equipment, and aerospace, as well as increased orders for core products. However, the decline in net profit was due to product mix adjustments, rising raw material prices that lowered gross margin, and increases in administrative expenses, research and development expenses, and financial expenses. As of the end of the second quarter, the company's total assets were 2.677 billion yuan, and net assets attributable to the parent were 1.153 billion yuan.
Kunshan Guoli Electronic Technology Co LtdNet profit attributable to parent fell 11.8% year-on-year despite revenue growth, due to lower gross margin and higher expenses.