Guosheng Tech H1 Revenue Up 12%, Loss Narrows; Fourth Largest Shareholder "Xin Duoduo" Cuts Stake Sharply | Earnings Insights

Guosheng Tech reported H1 operating revenue of RMB 343 million, up 11.93% year-on-year; net loss attributable to shareholders stood at RMB 86.35 million, narrowing from RMB 96.34 million in the same period last year. Operating cash flow expanded to a negative RMB 141 million, versus negative RMB 64 million a year earlier. Liu Xin (online alias "Xin Duoduo"), the fourth largest shareholder, slashed holdings by 19 million shares in Q2, reducing the stake from 4.31% to 1.01%.