Gelin Precision released its 2026 interim report on August 27. First-half operating revenue was 702 million yuan, up 30.0 percent year on year, but the company posted a loss of 75.45 million yuan, a year-on-year decline of 12,238.6 percent, swinging from profit to loss. Net profit attributable to the parent after deducting non-recurring items was a loss of 76.05 million yuan, with the loss widening further from the same period last year. Net operating cash flow was negative 7.74 million yuan, down 109.8 percent year on year. Earnings per share were negative 0.1825 yuan. In the second quarter, operating revenue was 398 million yuan, up 19.8 percent year on year, while net profit attributable to the parent was a loss of 30.39 million yuan, down 356.2 percent year on year. As of the end of the second quarter, total assets were 2.175 billion yuan, down 2.0 percent from the end of the previous year, and net assets attributable to the parent were 1.751 billion yuan, down 4.5 percent from the end of the previous year. The company said that although operating revenue grew, the weakening of the US dollar against the yuan and intensifying competition in external markets put pressure on product selling prices, resulting in a net loss. To cope with macroeconomic volatility, the first-phase plant at its Vietnam production base has been topped out and is expected to strengthen core competitiveness.
Guangdong Green Precision Components Co. Ltd.First-half loss of 75.45 million yuan, swinging from profit, with revenue up but margins pressured.
