1. China National Chemical Engineering reported its operating figures for the first three months of 2026. The company secured new contracts totaling 114.914 billion yuan during the quarter. Domestic contracts amounted to 73.553 billion yuan, while overseas contracts reached 41.361 billion yuan. By business type, engineering contracts represented 111.982 billion yuan (including 101.331 billion yuan for chemical engineering and 10.651 billion yuan for other engineering), industrial business contributed 2.701 billion yuan, and modern services accounted for 231 million yuan. Significant contracts signed in March exceeding 500 million yuan each included the EPC contract for the TA’ZIZ salt chemical project in the UAE (approximately 14.843 billion yuan) and the EPC contract for the Zunyi Xinpu New District natural gas comprehensive utilization project by Guanghao Energy (1.410 billion yuan). These figures are preliminary and for reference only.
2. Hengrui Pharmaceuticals announced its first-quarter 2026 results, with revenue reaching 8.141 billion yuan, a year-on-year increase of 12.98%. Net profit attributable to shareholders was 2.282 billion yuan, up 21.78% compared to the same period last year. The performance improvement was primarily driven by steady growth in innovative drug sales revenue. Revenue from anti-tumor products was 3.313 billion yuan, an increase of 11.63%, while non-oncology product revenue reached 1.213 billion yuan, surging 92.13%. Additionally, revenue from out-licensing of innovative drugs recognized during the reporting period was 787 million yuan.
3. Zhongji Innolight Co.,Ltd. disclosed its 2025 profit distribution plan, approved at the annual shareholders' meeting on April 20, 2026. The plan involves distributing a cash dividend of 10.00 yuan per 10 shares (pre-tax) based on a total share capital of 1.111 billion shares, resulting in a total cash dividend distribution of approximately 1.111 billion yuan (pre-tax). The remaining undistributed profits will be carried forward to the next fiscal year. No stock dividends or capital reserve conversions are planned for this year. The record date for the distribution is April 29, 2026, with the ex-dividend date set for April 30, 2026.
4. Lanzhou Ls Heavy Equipment Co.,Ltd. announced that both the company and its controlling shareholder, Lanzhou LS Group, recently received formal investigation notices from the China Securities Regulatory Commission (CSRC). The CSRC decided to initiate investigations into the company and the group on April 9, 2026, due to suspected violations of information disclosure regulations. As of the announcement date, the company's production and operational activities remain normal, and these matters are not expected to significantly impact operations. During the investigation, the company and LS Group will fully cooperate with the CSRC and strictly fulfill information disclosure obligations in accordance with relevant laws and regulatory requirements.
5. Contemporary Amperex Technology Co., Limited announced that on April 22, 2026, its board's remuneration and assessment committee approved a proposal to grant reserved shares under the 2026 A-share employee stock ownership plan. The company decided to grant 52.1089 million reserved share units to 305 participants, corresponding to 294,934 underlying shares, at a transfer price of 176.68 yuan per share (adjusted).
6. Tianyin Electromechanical reported its first-quarter 2026 results, with revenue of 193 million yuan, a year-on-year increase of 5.31%. Net profit attributable to shareholders was 10.2872 million yuan, up 17.42% compared to the same period last year.
7. Shandong Dongyue Silicone Material Co., Ltd. announced its first-quarter 2026 results, with revenue reaching 1.256 billion yuan, a year-on-year increase of 4.49%. Net profit attributable to shareholders was 194 million yuan, surging 426.99% compared to the same period last year. The significant performance improvement was mainly due to price increases for major silicone products returning to reasonable ranges since December 2025, influenced by market conditions and improved industry supply-demand dynamics, leading to a notable increase in product gross margins. Furthermore, the company's ongoing efforts in refined management and internal efficiency improvements, maintaining stable production and effective cost control, further enhanced profitability.
8. Panjiang Coal and Electricity Power Co., Ltd. announced its 2025 annual results, with revenue of 9.762 billion yuan, a year-on-year increase of 9.68%. Net profit was 329 million yuan, soaring 216.34% compared to the previous year. The board recommended a 2025 profit distribution plan involving a cash dividend of 0.60 yuan per 10 shares (pre-tax) based on a total share capital of 2.147 billion shares, totaling approximately 129 million yuan in cash dividends, representing 39.09% of the 2025 net profit attributable to shareholders. No stock dividends or capital reserve conversions are planned for this year.
9. Ningbo Shanshan Co., Ltd. announced that it received a court ruling approving the reorganization plan for its controlling shareholder, Shanshan Group, and its subsidiary, Pengze Trading. According to the plan, the restructuring investor, Anhui Wanwei Group Co., Ltd., will control a total of 21.88% of the company's voting rights through direct share acquisition and concerted action arrangements. Upon implementation of the reorganization plan, the company's controlling shareholder will change to Wanwei Group, and the ultimate controller will become the State-owned Assets Supervision and Administration Commission of Anhui Province.
10. BlueFocus Communication Group Co., Ltd. reported its first-quarter 2026 results, with revenue reaching 18.807 billion yuan, a year-on-year increase of 31.91%. Net profit attributable to shareholders was 126 million yuan, up 32.04% compared to the same period last year. The performance change was primarily due to the continued expansion of business scale, leading to corresponding increases in revenue and operating costs.
11. Zhongtian Technology Submarine Cable Co., Ltd. issued an abnormal fluctuation announcement, noting recent high market and media attention on demand and prices within the optical fiber and cable industry. While global AI technology development has driven demand for related products, overall industry growth is closely tied to global communication technology iterations and downstream customer capital expenditure plans. The company cautioned that potential future scenarios, such as industry policy adjustments, demand falling short of expectations, tight supply or significant price fluctuations of key raw materials, could impact its production, operations, product costs, and profitability. Investors are advised to invest rationally and be aware of risks.
12. *ST Shuyuan announced that on April 22, 2026, it received a formal investigation notice from the CSRC. Due to suspected violations of information disclosure regulations under relevant securities and administrative penalty laws, the CSRC decided to initiate an investigation. During the investigation period, the company will fully cooperate with the CSRC and strictly fulfill information disclosure obligations as required by regulators.
13. Guangshen Technologies Co., Ltd. reported its first-quarter 2026 results, with revenue of 426 million yuan, a year-on-year increase of 60.80%. Net profit attributable to shareholders was 44.7364 million yuan, surging 312.52% compared to the same period last year. The performance improvement was mainly attributed to the company's active expansion into domestic and international markets, development of new clients, and the consolidation of Wuhan Jiepu's financials following its 100% acquisition.
14. Shanghai Putailai New Energy Technology Co., Ltd. announced its first-quarter 2026 results, with revenue reaching 4.351 billion yuan, a year-on-year increase of 35.32%. Net profit attributable to shareholders was 704 million yuan, up 44.37% compared to the same period last year. The performance was primarily driven by favorable growth trends in the downstream power and energy storage battery markets. The company continued to solidify its advantages in R&D and process innovation, actively meeting downstream customer needs with differentiated products and combinations, leading to rapid growth in core business revenue compared to the same period last year. Improved management efficiency also contributed to effective cost and expense control, resulting in increased total profit.
15. Desay Battery Co., Ltd. announced that to advance its strategic plan, improve industrial layout, and consolidate its market share in the consumer business, its wholly-owned subsidiary, Huizhou Desay Battery Co., Ltd., plans to initiate consumer cell business operations. The project involves building new consumer-grade soft-pack lithium-ion cell production lines and supporting facilities in phases. Upon full operation, the project is expected to achieve an annual production capacity of 200 million consumer-grade soft-pack lithium-ion cells, with an estimated total investment not exceeding 2.5 billion yuan. The first phase, to be completed by the end of 2027, aims for an annual capacity of 60 million cells, with a corresponding investment not exceeding 1 billion yuan.
16. Wus Printed Circuit Co., Ltd. reported its first-quarter 2026 results, with revenue reaching 6.214 billion yuan, a year-on-year increase of 53.91%. Net profit attributable to shareholders was 1.242 billion yuan, up 62.90% compared to the same period last year. The performance improvement was mainly attributable to structural demand for printed circuit boards driven by emerging computing scenarios like high-speed computing servers and artificial intelligence. Leveraging a balanced product portfolio and years of expertise in mid-to-high-end products and mass production technology, the company achieved significant year-on-year growth in both revenue and net profit during the reporting period. Additionally, foreign exchange fluctuations resulted in an exchange loss of approximately 148 million yuan during the period.
17. Shengda Resources Co., Ltd. issued a forecast for its first-quarter 2026 performance, expecting net profit attributable to shareholders to be between 70 million and 90 million yuan, representing a year-on-year increase of 744.99% to 986.42%. Following the completion of mining engineering and concentrator technical renovations at its wholly-owned subsidiary, Inner Mongolia Jinshan Mining Co., Ltd., in 2024, mining and processing capacity improved in 2025, leading to increased product output and higher finished product inventory at the end of 2025. Coupled with rising prices of precious metals, the average selling price of the company's main mine products increased compared to the same period last year, driving significant year-on-year growth in operating performance.
18. Aonong Biological Technology Group Inc. announced that on April 22, 2026, it received a formal investigation notice from the CSRC. Due to suspected violations of information disclosure regulations under relevant laws, the CSRC decided to initiate an investigation. During the investigation period, the company will fully cooperate with the CSRC and strictly fulfill information disclosure obligations in accordance with relevant laws and regulatory requirements.
19. Yunnan Energy New Material Co., Ltd. reported its first-quarter 2026 results, with revenue of 3.908 billion yuan, a year-on-year increase of 43.21%. Net profit attributable to shareholders was 260 million yuan, surging 901.70% compared to the same period last year. The performance change was mainly due to increased revenue and improved gross profit margins.
20. Leaderdrive reported its first-quarter 2026 results, with revenue of 140 million yuan, a year-on-year increase of 42.96%. Net profit attributable to shareholders was 32.6341 million yuan, up 61.17% compared to the same period last year. The performance improvement was primarily driven by an increased market share in the industrial robot sector, substantial growth in the embodied intelligent robot business scale, and enhanced production and operational efficiency.
21. Topstar Co., Ltd. announced its first-quarter 2026 results, with revenue reaching 538 million yuan, a year-on-year increase of 48.53%. Net profit attributable to shareholders was 48.0833 million yuan, soaring 1147.36% compared to the same period last year. The performance was mainly attributable to an 81.20% year-on-year increase in revenue from industrial robots and automation application systems, a 62.54% increase in CNC machine tool business revenue, and a 12.22% increase in injection molding equipment business revenue. The revenue growth led to a corresponding increase in gross profit.
22. China State Shipbuilding Corporation Limited announced that a significant shipbuilding contract for 12 units of 9200TEU container vessels, signed by its wholly-owned subsidiary Dalian Shipbuilding Industry Co., Ltd. in conjunction with China Shipbuilding Trading Company, Ltd. with a renowned shipowner, recently became effective. The total contract value is approximately 9 billion yuan, with deliveries scheduled between 2028 and 2030. This project will fully leverage Dalian Shipbuilding's core advantages in construction efficiency, accelerate product structure upgrades, and further solidify its performance foundation and brand influence in the container ship sector. The vessel type represents a new generation of medium-sized container ships built by Dalian Shipbuilding in line with international shipping's green energy development direction and the latest global environmental design standards. Successful implementation of this transaction is expected to have a positive impact on the company's future revenue and profit.
23. Yongding Co., Ltd. released an announcement regarding investor relations activities, stating that its optical communication business benefits from demand driven by the digital economy and AI computing power, with optical fibers experiencing increases in both volume and price. In the optical chip sector, its subsidiary, Dingxin Optoelectronics, adopts an IDM model and has established a compound semiconductor process production line covering the entire process from chip design to packaging and testing. For the market-focused 100G EML and silicon photonics high-power chips (100mW/70mW CW HP), driven by global AI computing center construction, the supply-demand gap for such chips has widened. The company has achieved mass production capability for these products and is actively promoting cooperation with mainstream domestic and international optical module manufacturers. To meet market demand, the company has initiated capacity expansion plans.
24. TFC Optical Communication Company Limited announced that its 1.6T optical engines are in mass production status. However, expected production volume has not yet been reached due to shortages of specific components. The company is actively coordinating with suppliers to strive for increased deliveries. The company is also developing FAU, ELS, and other products supporting CPO according to customer needs and will continuously increase capacity and production volume based on demand. With subsidiaries in Singapore, Thailand, Japan, the US, and other locations, the company is committed to serving global customers effectively.
25. Nanjing Chemical Fibre Co., Ltd. announced that, due to its audited 2025 net profit being negative and revenue after deducting non-core and non-substantive business income falling below 300 million yuan, triggering mandatory delisting criteria based on financial indicators, the company's shares will be suspended from trading for one day on April 23. Starting April 24, the shares will be placed under delisting risk警示 (special treatment), and the stock abbreviation will change to "*ST Jinghua". The daily price fluctuation limit will be 5%.
**Abnormal Stock Fluctuation Risk Warnings:** 1. Lanzhou Ls Heavy Equipment Co.,Ltd.: The company and its controlling shareholder are under investigation for suspected information disclosure violations. 2. Liuzhou Iron & Steel Co., Ltd.: Planning to acquire a portion of Guangxi Iron & Steel's equity and raise supporting funds; stock trading suspended. 3. Fangbang Electronics Co., Ltd.: Uncertainty exists regarding subsequent customer adoption for products like FCCL. 4. *ST Shuyuan: The company received a CSRC investigation notice due to suspected information disclosure violations. 5. Zhongtian Technology Submarine Cable Co., Ltd.: Operations could be impacted if optical fiber industry demand falls short of expectations. 6. H&R Century: The company is under investigation for suspected information disclosure violations. 7. *ST Rocks: The company's stock may face termination of listing due to market capitalization falling below 500 million yuan, triggering trading-based delisting criteria.
**Key Company Performance Summary:** 1. China Petroleum Engineering Corporation: New contracts in Q1 totaled 31.672 billion yuan, up 7.28% year-on-year. 2. Phoenix Property Group Limited: Q1 commercial housing sales area increased 16.25%, but sales value decreased 28.31%. 3. Gaotie Electric Co., Ltd.: Q1 net profit 12.2721 million yuan, up 150.92% year-on-year. 4. Jasan Group Co., Ltd.: Q1 net profit 91.3376 million yuan, up 51.92% year-on-year. 5. Huadian Power International Corporation Limited: Q1 electricity generation 59.016 billion kWh, up 14.85% year-on-year. 6. Tieke Co., Ltd.: Q1 net profit 17.8823 million yuan, down 17.70% year-on-year. 7. Nanjing Iron & Steel Co., Ltd.: Q1 net profit 597 million yuan, up 3.23% year-on-year. 8. Longgao Co., Ltd.: Q1 net profit 18.8609 million yuan, down 25.99% year-on-year. 9. East Asia Pharmaceutical Industry Co., Ltd.: 2025 net loss 82.392 million yuan. 10. Zhongtai Cryogenic Technology Corporation: Rare gases business began contributing positive profit in Q1. 11. Porton Pharma Solutions Ltd.: Q1 net profit 27.8651 million yuan, turning a profit compared to a loss last year. 12. Zhongying Technology Co., Ltd.: Q1 net loss 1.1054 million yuan, turning to a loss compared to a profit last year. 13. Accelink Technologies Co., Ltd.: Q1 net profit increased 60% year-on-year. 14. Fasten Group Co., Ltd.: 2025 net loss 67.6731 million yuan. 15. Qilu Bank Co., Ltd.: Q1 net profit 1.567 billion yuan, up 14.83% year-on-year. 16. Shanghai Film Co., Ltd.: Q1 net profit 13.0058 million yuan, down 80.07% year-on-year. 17. Yunnan Chihong Zinc & Germanium Co., Ltd.: 2025 net profit 20.146 million yuan, down 62.06% year-on-year. 18. Dongfeng Printing Co., Ltd.: 2025 net loss 480 million yuan. 19. Neusoft Corporation: 2025 net loss 358 million yuan. 20. Sany Renewable Energy Co., Ltd.: Q1 net profit 179 million yuan.
**Share Buybacks & Changes in Holdings:** 1. Jingshang Northland Digital Technology Co., Ltd.: Controlling shareholder Yongdao Investment terminated a planned agreement to transfer 37.0231 million shares. 2. Jinji Co., Ltd.: Plans to redeem convertible bonds on May 11. 3. Xintian Pharmaceutical Group Co., Ltd.: Received 22 million yuan in dividends from its wholly-owned subsidiary. 4. Shunna股份: Shareholder Shao Weihua plans to reduce holdings by no more than 3%. 5. Aima Technology Group Co., Ltd.: Deputy General Manager Zheng Hui plans to reduce holdings by 0.0233%. 6. Xinweiling: Shareholder Changsha Xinweiling and several senior executives plan to reduce their shareholdings. 7. Xuelong Group Co., Ltd.: Controlling shareholders He Pinyan and He Qunyan plan to reduce holdings by 1.50% each; Ningbo Lianzhan plans to reduce holdings by 1.00%. 8. Huiyu Pharmaceuticals: Shareholder Huang Ganyi may be subject to a passive reduction of no more than 1% of holdings. 9. Gufang Group: Controlling shareholder Zhang Guofang plans to reduce holdings by no more than 3% of the company's shares.
**Major Contract Signings:** 1. Huakang Medical: Won a 106 million yuan EPC project for advanced packaging and DDIC. 2. China State Shipbuilding Corporation Limited: Subsidiary signed a significant shipbuilding contract worth approximately 9 billion yuan. 3. Ruihua Technology: Signed a 124 million yuan catalyst procurement agreement. 4. Libra Group: Signed a significant contract valued between 95 million and 105 million yuan. 5. Donghong Pipes Co., Ltd.: Signed a 61.6313 million yuan material procurement contract with a company in Guizhou.
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