GUOFUHEE (02582.HK): Interim Loss Widens to RMB 122.5 Million, Revenue Down 4.5%

NewTimeSpace News: On 21 September 2026, Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (stock code: 02582) published its 2026 interim report. For the six months ended 30 June 2026, the Company recorded revenue of RMB 104,036,000, down 4.5% from RMB 108,956,000 in the corresponding period of 2025; gross profit was RMB 2,476,000, against RMB 947,000 a year earlier.

By product type, revenue from water electrolysis hydrogen production equipment and related products grew to RMB 60,771,000, an increase of approximately 1,556.8%; revenue from hydrogen refuelling station equipment and related products was RMB 21,712,000, up 55.2%; and revenue from on-board high-pressure hydrogen supply systems and related products was RMB 21,553,000, down 76.4%. The Company said the decrease in revenue was mainly due to reduced sales of on-board high-pressure hydrogen supply systems and components, partly offset by an increase in the number of hydrogen refuelling stations accepted and significant growth in large-capacity water electrolysis hydrogen production equipment.

The Company recorded a loss before tax of RMB 119,420,000 for the reporting period, against RMB 106,251,000 in the corresponding period of 2025, and a loss for the period of RMB 122,478,000, against RMB 88,979,000. Basic loss per share was RMB 0.97, against RMB 0.85 a year earlier. The Company said exchange losses, expanded research and development investment and tax factors were the main reasons for the loss for the period. It added that its water electrolysis hydrogen production business has entered a period of substantive returns and now contributes nearly 60% of revenue, and that its liquid hydrogen storage, transport and cryogenic equipment have moved from technical development into commercial application.

As at 30 June 2026, the Company's total assets were RMB 3,081,453,000, total liabilities were RMB 1,784,531,000 and equity attributable to owners of the Company was RMB 1,281,061,000. The Board resolved not to declare any interim dividend for the reporting period.

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