Great Power Energy's profits plummet amid price competition

Citic Securities' semi-annual follow-up report for 2025 on Guangzhou Great Power Energy & Technology Co., Ltd. highlights a challenging first half for the company. While total operating income increased by 13.99% to 4.301 billion yuan, net profit attributable to shareholders of listed companies saw a substantial decline of 311.68%, resulting in a loss of 88.2267 million yuan. This downturn is primarily attributed to intense competition in the battery cell market and supply-demand dynamics.

The report indicates that Citic Securities conducted various oversight activities, including six queries into the company's segregated fundraising accounts and four special opinions issued. A single on-site inspection was performed, focusing solely on the use of raised funds. No issues were found in the company's information disclosure, internal control systems, or "Three Meetings" (shareholders' meeting, board of directors' meeting, and board of supervisors' meeting) operations.

Citic Securities noted no changes in the controlling shareholder or actual controller and confirmed that raised funds were stored and used appropriately. The company's compliance with external guarantees, purchases, sales of assets, and other business categories also showed no significant problems.