Gaote Electronics (301669.SZ) announced first-half results, with net profit of 39.912 million yuan to mother, a year-on-year decrease of 22.36%

According to the Zhitong Finance App, Gaote Electronics (301669.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 480 million yuan, a year-on-year decrease of 5.47%. Net profit attributable to shareholders of listed companies was 39.9212 million yuan, a year-on-year decrease of 22.36%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 308.091 million yuan, a year-on-year decrease of 10.91%.

During the reporting period, the domestic market was affected by the rise in lithium carbonate prices, which led to a rise in lithium battery prices, which raised the cost of energy storage systems. The construction time for some energy storage projects was temporarily delayed, which indirectly caused the company to delay shipments in the second quarter, and orders and deliveries declined accordingly.