GUOXIA TECH (02655) has unveiled its financial results for the six months ended June 30, 2026, reporting a total revenue of RMB 1.4274 billion, a surge of 106.5% from the prior period. The domestic business generated approximately RMB 1.1399 billion, marking a year-on-year growth of 101.7%, while overseas operations delivered RMB 287.5 million, up 127.9%. The overall gross margin improved to 19.2%, a rise of 6.7 percentage points, reflecting enhanced profitability and operational efficiency.
Profit attributable to owners of the parent company reached RMB 60.547 million, soaring 986% year-on-year, with basic earnings per share of RMB 0.12. During the reporting period, the group's domestic energy storage system shipments hit 3.7 GWh, up 105.6% from the prior period, further highlighting its economies of scale.
Where to focus next: In the domestic arena, the company has deepened collaborations with leading clients, steadily expanding its market share. The group continues to strengthen strategic partnerships with the "Two Grids, Two Construction" entities and major energy investment conglomerates, solidifying its position in the large-scale independent energy storage power station segment. Leveraging its proprietary "Xinghan" large model, the group has upgraded intelligent forecasting for power generation, load, and electricity pricing, while completing integration with the VPP platform and electricity pricing systems to support autonomous strategy control and proactive safety maintenance across multi-scenario energy systems. Through technological premiums and platform-based solutions, the group has maintained above-industry profitability and customer loyalty in the domestic market.
Overseas expansion and localisation: During the period, the group established subsidiaries in Hong Kong, Singapore, the UK, and the Netherlands, building localised operational networks and service teams to deliver comprehensive regional support. A strategic breakthrough was achieved in the UK market, where the group entered government-level projects, validating its product compliance and local delivery capabilities. Meanwhile, localised networks across multiple African nations have been steadily rolled out, further cementing the group's leadership in the African residential energy storage sector.
Production capacity and manufacturing strength: In the first half, the group added two new production bases in Chengdu and Lianyungang, bringing the total to four. Concurrently, it is constructing intelligent production lines for large-scale storage, expanding residential storage capacity, and advancing digital transformation across all sites, gradually reducing reliance on external OEMs. Through global supply chain integration, lean manufacturing, and scaled procurement, the group has effectively cushioned raw material price fluctuations, safeguarding stable profitability.
Industry recognition has also been validated by third-party assessments. According to a CIC Consulting report, based on 2025 global new multi-purpose energy storage system installed capacity and shipment volume, the group ranks as the ninth-largest energy storage system supplier globally and the seventh-largest among Chinese suppliers. In the African residential energy storage sector, it ranks third globally by new installed capacity and fourth by new shipment volume in 2025.