Core Viewpoint - Guoxia Technology (02655) has seen a significant increase in stock price and is positioned as a leading provider of AI-driven renewable energy solutions, with a focus on energy storage systems and a pioneering venture into "AI robot safety" [1][5]. Company Overview - Guoxia Technology specializes in platform technology and AI-driven renewable energy solutions, with applications in large power generation, grid-side, commercial, and residential sectors in both China and overseas markets [1][5]. - The company is the first globally to enter the "AI robot safety" sector, strategically migrating its core technologies from energy storage to develop intelligent safety protection systems for human-machine collaborative environments [1][5]. Financial Performance - The company's main business revenue has shown consistent growth over the past three years, with 2022 revenue at 142 million RMB, increasing to 314 million RMB in 2023, representing a year-on-year growth of 121% [1][5]. - Projected revenue for 2024 is expected to reach 1.026 billion RMB, with an expanded year-on-year growth rate of 227% [1][5]. - In the first half of this year, the company achieved a revenue of 691 million RMB, a staggering increase of 663% compared to 90.26 million RMB in the same period last year, with the half-year revenue exceeding the total revenue for 2023 by more than double [1][5].

Core Viewpoint - Guoxia Technology (02655) has seen a significant stock price increase, with a rise of over 7% during trading and currently up 4.43% at HKD 37.7, with a trading volume of HKD 6.6002 million [1] Company Overview - Guoxia Technology is a provider of renewable energy solutions and products driven by platform technology and AI, with applications in large power and grid sectors as well as commercial and residential scenarios in both China and overseas markets [1] - The company is the first globally to venture into the "AI Robot Safety" sector, which is crucial for human civilization, strategically migrating its core technologies from the energy storage field to develop intelligent safety protection systems for human-machine collaborative environments [1] Financial Performance - The company's main business revenue has consistently increased over the past three years, with revenue rising from RMB 142 million in 2022 to RMB 314 million in 2023, representing a year-on-year growth of 121% [1] - For 2024, the projected annual revenue is expected to reach RMB 1.026 billion, with an expanded year-on-year growth rate of 227% [1] - In the first half of this year, the company achieved a revenue of RMB 691 million, a staggering increase of 663% compared to RMB 90.26 million in the same period last year, with the half-year revenue already exceeding double the total revenue for 2023 [1]

Investment Rating - The report suggests a cautious subscription for the company, GuoXia Technology (2655.HK) [1]. Core Insights - The company is a provider of renewable energy solutions and products driven by platform technology and AI, with applications in both domestic and international markets [2]. - It is recognized as one of the early participants in integrating internet cloud solutions and developing a digital energy management platform in the energy storage industry [2]. - The company has a competitive edge through technological innovation, being the first to develop IoT platform solutions for its industry and AI-driven energy storage models [2]. - R&D expenses have been a significant part of the company's revenue, accounting for 2.7%, 5.3%, 3.1%, and 2.4% over the past years [2]. Financial Performance - The company's revenue has shown rapid growth, with figures of RMB 142 million, 314 million, 1.026 billion, and 691 million for the years 2022, 2023, 2024, and the first half of 2025, respectively [3]. - Gross margins have fluctuated, recorded at 25.1%, 26.7%, 15.1%, and 12.5% for the same periods [3]. - Net profits were RMB 24.28 million, 28.15 million, 49.12 million, and 5.58 million for the respective years [3]. - The company faces significant cost pressures, with lithium carbonate being a major raw material, constituting over 90% of sales costs, and the price of lithium iron phosphate significantly impacting operational performance [3]. - As of June 2025, accounts receivable surged to RMB 952 million, and the company has experienced negative operating cash flow in recent years [3]. - The company's IPO valuation is approximately HKD 10.2 billion, with a PE ratio of about 189 for 2024, which is considered high compared to industry peers, leading to the cautious subscription recommendation [3].