Guoxuan High-Tech bolsters finances, expands battery production

Guoxuan High-Tech announced a provision for asset impairment totaling CNY 243.08 million for the first half of 2025, primarily for accounts receivable and inventory. This strategic financial adjustment includes a write-off of CNY 1.368 million in uncollectible accounts receivable. Concurrently, the company plans to build two new 20GWh new energy battery manufacturing bases in Wuhu, Anhui Province, and Nanjing, Jiangsu Province, each with a total investment of no more than RMB 4 billion.

These investments align with the company's strategy to expand its production capacity, enhance product structure, and meet the growing demand in the new energy sector. The company also adjusted exercise prices for its 2021 and 2022 stock option incentive plans and the subscription price for its fourth-phase employee stock ownership plan. Additionally, some stock options from the 2021 and 2022 incentive plans, totaling 216,300 and 3.439 million respectively, are being canceled due to unfulfilled vesting conditions or voluntary waivers.

The company's operational revenue for the first half of 2025 increased to CNY 19.39 billion, up 15.48% year-on-year, with net profit attributable to shareholders rising to CNY 366.62 million, a 35.22% increase. The current initiatives aim to strengthen Guoxuan High-Tech’s competitive position and ensure sustainable growth.