At its Q3 2026 results briefing, Guansheng said its solid–liquid hybrid battery
mass-production line is in product debugging and outcomes have fallen short of
expectations. The line couples new processes and equipment; debugging has
exposed technical-parameter and stability issues that are being addressed. If
subsequent debugging progress lags expectations, mass-production could be
delayed and fixed-asset depreciation and costs could rise, exerting sustained
pressure on current-period profit and weighing on the company’s operating
performance.