Jiangsu Guotai released its 2026 interim report, showing revenue growth but a decline in profit, with operating cash flow remaining under pressure. During the reporting period, the company achieved operating revenue of 19.804 billion yuan, up 6.49 percent year on year. Net profit attributable to the parent company was 469 million yuan, down 13.93 percent year on year. Non-GAAP net profit was 393 million yuan, down 25.08 percent year on year. Net cash flow from operating activities was negative 263 million yuan, with the net outflow expanding 22.15 percent compared with the same period last year. Financial expenses surged 1,045.50 percent year on year, mainly due to increased foreign exchange losses. Supply chain services remained the cornerstone of revenue, achieving 18.306 billion yuan during the reporting period, accounting for more than 90 percent of total revenue. The chemical and new energy segment posted revenue of 1.46 billion yuan, a sharp year-on-year increase of 49.77 percent, but its gross margin fell 6.55 percentage points year on year to 12.99 percent. Investment income during the reporting period reached 261 million yuan, up 117.82 percent year on year, mainly from gains on disposal of equity interests, which cushioned the decline in core business profit to some extent, but this portion of income is not sustainable.
Jiangsu Guotai International Group Guomao Co LtdNet profit down 13.93%, non-GAAP down 25.08%, operating cash flow negative, financial expenses surged due to FX losses.
