WUXI LEAD Gains Over 4% in Morning Session with Q1 Net Profit Rising 10.99%

Deep News04-30 11:30

WUXI LEAD (00470) saw its shares climb more than 5% during the trading session. By the time of writing, the stock had advanced 4.24% to HKD 58.95, with a turnover of HKD 53.25 million.

Recently, the company released its first-quarter 2026 financial results, reporting revenue of approximately RMB 3.691 billion, a year-on-year increase of 19.11%. Net profit attributable to shareholders of the listed company was around RMB 405 million, up 10.99% compared to the same period last year. Basic earnings per share stood at RMB 0.26.

Huaxin Securities noted that WUXI LEAD has a comprehensive layout in cutting-edge technologies and leads in industrial application progress. Combined with its forward-looking capacity planning and R&D investments through fundraising, the company continues to expand its long-term growth potential. In particular, its solid-state battery equipment has successfully entered the supply chains of leading domestic and international battery manufacturers and well-known automotive companies, achieving batch deliveries and securing repeat orders. The company also possesses full-process intelligent manufacturing capabilities for sodium-ion battery production lines, with 100% independent intellectual property rights, and holds a leading market share in sodium battery equipment, serving top-tier enterprises globally in volume.

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