Guanhao High-Tech Co., Ltd. (600433) reported operating revenue of 3.64 billion yuan ($510 million) for the first half of 2026, up 6.9% year on year, as the specialty paper maker returned to profitability.
Net profit attributable to shareholders was 213 million yuan, compared with a loss of 57.93 million yuan a year earlier. Net profit attributable to shareholders excluding non-recurring items was 31.61 million yuan, versus a loss of 59.46 million yuan in the same period last year.
Net cash flow from operating activities was negative 43.44 million yuan, an improvement of 95.3% year on year, while fully diluted earnings per share stood at 0.1215 yuan.
Second-quarter revenue rose 3.7% year on year to 1.92 billion yuan. Net profit attributable to shareholders was 32.65 million yuan, compared with a loss of 58.57 million yuan a year earlier. Excluding non-recurring items, net profit was 31.28 million yuan, versus a loss of 59.59 million yuan in the year-earlier period. Second-quarter EPS was 0.0187 yuan.
As of June 30, total assets stood at 11.38 billion yuan, down 2.2% from the end of 2025, while net assets attributable to shareholders rose 5.0% to 4.45 billion yuan.
The company said higher sales volumes and revenue, together with continued cost-cutting and efficiency initiatives, helped lift gross profit year on year. The shutdown of production lines at the Qianshan plant of controlled subsidiary Hongta Renheng, as well as higher income from land disposals, also contributed to profit.
Management said the industry continues to face some downward pressure on prices amid a complex domestic and international environment, although overall operating conditions have improved.
Both the company’s specialty paper and specialty materials businesses posted growth during the period. Rising demand for labels in logistics, pharmaceuticals and food helped boost sales of self-adhesive label stock and thermal paper.
Guanhao High-Tech said it will continue to focus on mid- to high-end niche markets and strengthen its competitive position through technology and cost efficiency.
