China's Guoxia Technology hits 6-week high on robust earnings forecast

Guoxia Technology

14/08/2026 08:06

** Shares of China-based energy storage system solutions and products provider Guoxia Technology 2655.HK jump 18.7% to HK$19.68, their highest level since July 9
** Stock set for the biggest one-day pct rise since July 6, snapping two straight sessions of decline
** Company expects its revenue for six months ended in June to rise to 1.35 bln yuan-1.45 bln yuan ($200.20 mln-$215.03 mln), from 691.4 mln yuan a year ago; net profit to jump to 55 mln yuan-65 mln yuan from 5.6 mln yuan a year ago
** The growth in revenue and profit is due an increase in revenue in both the energy storage systems solutions business and the EPC services business, driven by robust global energy storage market conditions - co 
** YTD, stock down 53.2%, benchmark Hang Seng Index .HSI down 1.9%
     
     
($1 = 6.7434 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))