Financial highlights Guoxia Technology Co., Ltd. (GUOXIA TECH) reported FY2025 revenue of RMB 2.06 billion, a 100.6% jump from FY2024. Gross profit rose 146.8% to RMB 382.58 million, lifting gross margin to 18.6% (FY2024: 15.1%). Net profit more than doubled to RMB 102.91 million, pushing the net margin to 5.0% (FY2024: 4.8%). Basic EPS improved 29.4% to RMB 0.22.

Cash flow and liquidity Operating cash inflow expanded to RMB 145.23 million (FY2024: RMB 3.73 million). Year-end cash and cash equivalents reached RMB 1.03 billion, bolstered by IPO proceeds from the December 2025 Hong Kong listing (net HK$ 809.70 million, all unutilised as of 31 December). Interest-bearing bank borrowings stood at RMB 494.90 million, while the gearing ratio declined to 48.8% from 199.9% a year earlier. Net current assets climbed to RMB 965.89 million.

Segment performance • ESS Solutions generated RMB 1.81 billion, accounting for 88.2% of group revenue and rising 80.8% year on year. Within this, large-scale ESS contributed RMB 1.57 billion (76.3% of total sales), followed by residential ESS at RMB 231.41 million. • EPC Services revenue surged 790.3% to RMB 173.61 million, representing 8.4% of group turnover. • Other products and services added RMB 69.70 million (3.4% of revenue) versus RMB 2.72 million in FY2024.

Profitability ESS Solutions delivered a 20.1% gross margin, up from 14.8% in FY2024, reflecting product mix optimisation and cost controls amid volatile battery raw-material prices. Group-wide R&D expenses rose 98.1% to RMB 62.60 million, sustaining R&D intensity at 3% of revenue. Selling and marketing costs expanded to RMB 101.40 million, driven by overseas market push.

Balance-sheet developments Total assets reached RMB 3.15 billion, with trade and bills receivables up to RMB 1.22 billion, mirroring rapid sales growth. Inventory increased to RMB 350.18 million, aligned with production capacity expansion to 4,800.6 MWh (2024: 1,561.2 MWh). Capital expenditure amounted to RMB 96.10 million, focused on new production lines and facility upgrades.

Strategic initiatives and outlook Management attributes the strong top-line acceleration to global energy-storage demand, particularly in China, Europe and Africa, and to enhanced supply-chain coordination that enabled delivery of gigawatt-hour-scale projects. Looking ahead, the company plans to: 1. Add four large-scale/C&I ESS production lines and three residential ESS lines by 2027, lifting annual capacity by a further 6.9 GWh. 2. Invest 44% of IPO proceeds in AI-enabled R&D, 27% in manufacturing expansion, and 19% in overseas operations, with full deployment targeted by end-2028. 3. Maintain gross-margin resilience through flexible cost management and automation.

Dividend No final dividend was proposed for FY2025 (FY2024: nil).

Governance and post-balance-sheet event The board confirms compliance with Hong Kong’s Corporate Governance Code since listing. In January 2026 the company issued 5.84 million additional H shares via full exercise of the over-allotment option, raising HK$ 109.20 million net. No other material events occurred after year-end.