Zhongji Innolight Co.,Ltd. announced that its 1.6T products have entered mass production and shipment, with quarterly shipments expected to increase sequentially. The company is optimistic about sustained growth in AI computing demand and infrastructure investment in the coming years, having already received full-year 2026 orders from some clients. It plans to enhance new product development and high-end product delivery capabilities to maintain competitive advantages and market share. Shipments of 1.6T products are projected to grow over the next three quarters, with 2026 performance expected to benefit from downstream AI computing demand and high-speed product volume expansion. The company is also preparing for the R&D and testing of new products like 6.4T NPO and 12.8T XPO. Silicon photonics technology now accounts for over half of its 1.6T and 800G products.
CITIC Securities reported a first-quarter net profit of 10.216 billion yuan, up 54.60% year-on-year, driven by active capital markets and business synergies. Kweichow Moutai's Q1 net profit rose 1.47% to 27.243 billion yuan, while East Money Information saw a 37.67% increase to 3.738 billion yuan, mainly due to higher net securities commission income. Eoptolink Technology noted that Q1 exchange rate fluctuations impacted revenue and profit recognition, prompting plans for better forex risk management.
Ping An Bank's Q1 net profit grew 3.0% to 14.523 billion yuan, attributed to upgraded business strategies and digital transformation. ZTE Corporation's net profit fell 46.58% to 131 million yuan, affected by forex losses and reduced investment income. Sugon posted a 22.19% rise in net profit to 228 million yuan. Tunghsu Technology's Q1 net profit surged 112% sequentially, bolstered by enhanced delivery capabilities for high-speed optical modules.
China Jushi reported a 73.48% jump in Q1 net profit to 1.267 billion yuan due to higher product sales and prices. Fenglong Shares announced the completion of a takeover offer by Ubtech, with trading resuming on April 27. Yida Chemical clarified that electronic-grade glycol ether products contribute minimally to revenue amid stock volatility. Zhongtian Technology's Q1 net profit increased 46.42% to 919 million yuan, supported by growth in submarine cables and energy storage.
Dongcai Technology's vice chairman was released from detention, while Dongzhu Ecological forecasted a 2025 net loss of 9.35–11.35 billion yuan, risking delisting warnings. China Hi-Tech and Liuzhou Chemical will face delisting risk alerts starting April 28. China Shenhua's Q1 net profit dropped 10.7% to 10.667 billion yuan despite higher electricity sales. Cambridge Technology directors plan to sell up to 51,000 shares.
ST Kaiyuan's former controller was arrested for insider trading allegations. Zhimicro Intelligent's major shareholder sold 4.5112 million shares. Guotai Haitong's Q1 net profit declined 47.82% to 6.388 billion yuan. Sleemon will be under other risk alerts from April 28. Sinotech's Q1 net profit rose 150.25% to 277 million yuan on lithium cathode material sales growth.
Chifeng Gold's Q1 net profit doubled to 988 million yuan amid gold price gains. China Molybdenum's net profit jumped 96.65% to 7.76 billion yuan due to higher product prices and output. Sinoma Science & Technology's Q1 net profit grew 40.15% to 507 million yuan, driven by specialty fiber and battery separator sales.
Risk alerts were issued for Hunan Gold Corporation Limited after a fatal accident halted production, Shenma Shares under regulatory investigation, and multiple firms facing delisting risks. Key earnings included Hankook Precision's 3.30% profit rise, Quartz Corporation's 30.29% drop, and China State Construction's 0.7% contract decline.
Notable corporate actions included Huaren Dual鹤's 235 million yuan acquisition, Uni-trend's purchase of a communications stake, and Seres' 49.97 million yuan share buyback. China Petroleum Engineering secured a $4.614 billion gas field contract, and Zhongyuan Environmental signed a 300 million yuan project.
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