Guizhou Listed Firms Post 8.6% Revenue Growth in H1 2026, R&D and Overseas Income Hit Records

Guizhou-listed companies have completed their 2026 interim report disclosures, posting growth in both revenue and net profit, with research and development (R&D) expenses and overseas business revenue reaching record highs. In the first half of 2026, Guizhou-listed companies generated combined revenue of RMB 186.659 billion, up 8.6% year on year, outpacing the national average by 0.97 percentage points and exceeding the province's GDP growth rate by 4.6 percentage points. From 2022 to 2026, half-year revenue for Guizhou-listed companies rose steadily, achieving a compound annual growth rate of 7.79%, which was 5.74 percentage points above the national average, ranking fourth nationwide and second in western China.

In terms of revenue, 19 Guizhou companies exceeded RMB 1 billion in turnover, and five surpassed RMB 5 billion. Kweichow Moutai led with RMB 90.703 billion, followed by CNGR Advanced Materials at RMB 33.584 billion, both setting new records. Ten companies achieved double-digit revenue growth, with Anda Technology leading at 119.01% year on year, followed by CNGR Advanced Materials (57.51%), Hangyu Technology (30.87%), Qianyuan Power (25.92%), and Chuanheng Co. (20.76%).

Net profit for Guizhou-listed companies in H1 2026 totaled RMB 52.616 billion, ranking second in western China, up 0.52% year on year. Twenty-six companies were profitable, accounting for 76.47% of the total. Kweichow Moutai led with RMB 46.033 billion, followed by Bank of Guiyang at RMB 2.415 billion. Compared with the same period in 2025, three companies, including Anda Technology, returned to profitability, and 13 companies reported higher net profit, two more than in 2025. Four companies saw net profit growth exceeding 100%, nine exceeded 30%, and eleven surpassed 10%. From 2022 to 2026, half-year net profit for Guizhou-listed companies maintained continuous positive growth, with a compound growth rate of 6.46%.

In H1 2026, eight companies, including CNGR Advanced Materials and Chuanheng Co. , disclosed interim cash dividend plans, representing 23.53% of listed companies, ranking fifth nationally and fourth in western China. Declared interim dividends totaled RMB 809 million, up 37.01% year on year. During the same period, share buybacks by Guizhou-listed companies amounted to RMB 3.141 billion.

R&D investment in H1 2026 reached RMB 2.683 billion, up 7.76% year on year, exceeding the national average growth rate by 2.29 percentage points and setting a record for the period. Eight companies invested over RMB 100 million in R&D, with CNGR Advanced Materials leading at RMB 589 million, followed by Aerospace Appliance (RMB 303 million) and AVIC Heavy Machinery (RMB 262 million). Guizhou Tyre exceeded RMB 200 million, while Anda Technology and Kweichow Moutai each surpassed RMB 100 million.

In overseas operations, 16 companies disclosed overseas business revenue in H1 2026, totaling RMB 19.724 billion, up 7.82% year on year, with both the number of disclosing companies and revenue scale reaching record highs for the period. CNGR Advanced Materials led with RMB 13.335 billion in overseas revenue, ranking seventh among western-listed companies and first in Guizhou, followed by Guizhou Tyre, Chuanheng Co. , Kweichow Moutai, and Hangyu Technology in second through fifth places. Five companies derived over 30% of revenue from overseas, with Yongji Co. at 64.45% and Hangyu Technology at 53.92%, while Guizhou Tyre, CNGR Advanced Materials, and Chuanheng Co. recorded 44.65%, 39.71%, and 30.14%, respectively. In terms of overseas revenue growth, Yongji Co. and Hangyu Technology surged 102.06% and 57.89%, respectively, while Zhongyida and CNGR Advanced Materials both grew by more than 20%.