**Trading Alerts**
**【Trading Halt】** 688201 Shinan Century (Rights Protection) 600537 Eging Photovoltaic Technology 600084 CITIC Niya 002207 Zhunyou Oilfield Services (Rights Protection) 002360 Tongde Chemical (Rights Protection) 603272 Lianxiang Shares (Rights Protection) 300338 ST Kaiyuan 002719 Maiquer 300198 ST Nachuan 600193 *ST Chuangxing 000004 *ST Guohua 600759 Zhouji Oil & Gas 600818 Zhonglu 600476 Xiangyou Technology (Rights Protection) 603828 ST Kelida (Rights Protection) 300245 DigiTech
**【Trading Resumption】** 003041 True Love Beautiful Home 600730 *ST Gaoke 600423 *ST Liuhua (Rights Protection) 002431 ST Palm 002634 *ST Bangjie 603959 ST Baili (Rights Protection) 600119 *ST Changtou 000752 *ST West Development (Rights Protection) 603008 ST Xilinmen (Rights Protection)
**【Major Corporate Announcements】** **Liande Shares:** Plans to invest up to 480 million yuan in the construction of a Phase II project for high-precision mechanical components. The company announced its intention to invest in the project through its wholly-owned subsidiary, Zhejiang Mingde Precision Machinery Co., Ltd. The total investment is not expected to exceed 480 million RMB, funded by internal capital and bank loans. Located within the existing plant area of Zhejiang Mingde, the project will involve purchasing advanced production equipment and expanding intelligent production lines to manufacture high-end precision mechanical parts, aiming to overcome production capacity bottlenecks and optimize the product mix. The construction period is estimated to be about 12 months, with an anticipated investment return rate of 18.03%. This investment does not constitute a connected transaction or a major asset reorganization.
**True Love Beautiful Home:** The outcome of the tender offer has been announced, with trading resuming on April 28. The announcement stated that the tender offer period by Guangzhou Tanji Yuanqing Technology Partnership expired on April 21, 2026. A total of 4 shareholder accounts accepted the pre-offer, involving 18.7375 million shares, representing 13.01% of the total share capital. The acquirer will purchase the pre-accepted shares as agreed. Post-acquisition, the acquirer will hold 61.9231 million shares, constituting 43.00% of the total share capital. The company's share distribution still meets listing requirements, and its listing status remains unaffected. Trading of the company's shares will resume at the market opening on the morning of April 28, 2026.
**Consilium Communications:** Matters related to the 337 investigation and patent litigation involving its subsidiary have been fully terminated. The company announced that it has been informed that the U.S. International Trade Commission has formally terminated the investigation for Inv. No. 337-TA-1413 based on a withdrawal agreement. Concurrently, Skyworks unconditionally withdrew the 337 investigation against the company's subsidiary, Consilium Communications Technology (Shanghai) Co., Ltd., GRANDCHIPLABS, INC., and related entities, and withdrew the patent litigation that was stayed in the U.S. District Court for the Central District of California, with court approval. This concludes all matters related to this 337 investigation and patent litigation. Previously, an initial determination found that the subsidiary did not infringe any of the five patents asserted by Skyworks. This outcome signifies that the company has no related patent infringement, which is beneficial for maintaining its intellectual property system and operational compliance.
**BEIGENE:** Signed a cooperation agreement with Huahui Anjian. The company announced that its wholly-owned subsidiary, BeiGene Guangzhou, has entered into an Exclusive Option, License, and Cooperation Agreement with Huahui Anjian. Huahui Anjian granted BeiGene Guangzhou an exclusive option to obtain an exclusive global license for the development, production, and commercialization of its trispecific compounds targeting PD-1, CTLA-4, and VEGF-A. BeiGene Guangzhou will pay Huahui Anjian a $20 million upfront payment; if BeiGene Guangzhou exercises the option within the specified period, Huahui Anjian is entitled to an additional $100 million option exercise payment; upon achieving development and regulatory milestones, Huahui Anjian is eligible for payments of up to $374 million; upon achieving sales milestones, Huahui Anjian is eligible for payments of up to $1.53 billion; and Huahui Anjian is also entitled to tiered royalties.
**Green Power:** Signed a deepened cooperation framework agreement with Alibaba Cloud. The company announced that it signed a Deepened Cooperation Framework Agreement and its supplementary agreement with Aliyun Feitian (Hangzhou) Computing Technology Co., Ltd. on April 27. The two parties will establish a partnership in the digitalization and intelligentization of the solid waste industry. They agreed to cooperate on projects related to innovative directions such as smart power plants. Building on prior benchmark project practices, they intend to further deepen and expand cooperation to provide intelligent services for other power plants under the company and jointly develop cutting-edge technologies like intelligent waste crane operation, fly ash and leachate treatment, and multi-solid waste intelligent detection. This cooperation is expected to enhance the intelligent operational level of the company's waste-to-energy projects and contribute to further quality and efficiency improvements in its core business.
**【Financial Performance Review】** **Walvax Biotechnology:** First-quarter net profit increased by 4082.41% year-on-year. The company reported Q1 2026 revenue of 444 million yuan, down 3.98% year-on-year. Net profit attributable to shareholders was 111 million yuan, a surge of 4082.41% compared to the same period last year. The performance change was primarily due to a revision in the accounting estimate for expected credit losses on accounts receivable based on industry conditions and actual business, leading to a decrease in bad debt provision and a reversal of provisions in the current period. Additionally, the company's 20-valent pneumococcal polysaccharide conjugate vaccine and novel coronavirus variant mRNA vaccine projects have reached the capitalization stage, whereas they were expensed in the prior year period, resulting in reduced R&D expenses.
**Nanya New Material:** First-quarter net profit rose 611% due to increased product sales volume and selling prices. The company announced Q1 2026 revenue of 1.832 billion yuan, up 92.36% year-on-year. Net profit attributable to shareholders was 150 million yuan, an increase of 610.83%. The performance improvement was mainly driven by a combination of higher product sales volume and increased selling prices, alongside a steady improvement in gross margin, leading to enhanced overall profitability.
**Tongguan Copper Foil:** First-quarter net profit surged 2138%, primarily due to rising copper foil product prices. The company reported Q1 2026 revenue of 1.842 billion yuan, an increase of 32.04% year-on-year. Net profit attributable to shareholders was 106 million yuan, a significant rise of 2138.17%. The performance change was mainly attributable to increased selling prices for its copper foil products.
**China Electronics Huada:** First-quarter net profit grew 87.38% as rising memory chip prices boosted customer demand. The company announced Q1 2026 revenue of 29.862 billion yuan, up 144.36% year-on-year. Net profit attributable to shareholders was 158 million yuan, an increase of 87.38%. This was primarily due to a phase of explosive growth in the global memory industry, with sustained price increases for memory chips driving higher customer demand, which in turn propelled the company's related performance growth.
**Unigroup Guoxin Microelectronics:** First-quarter net profit increased 180% as sales volume of special integrated circuit products rose year-on-year. The company reported Q1 2026 revenue of 1.499 billion yuan, up 46.11% year-on-year. Net profit attributable to shareholders was 334 million yuan, a growth of 180.27%. The performance improvement was mainly due to a year-on-year increase in sales volume of special integrated circuit products, driving revenue and net profit growth. Additionally, benefits from an increase in the fair value of equity in associates and improved investment income from jointly controlled entities compared to the previous year led to a significant rise in investment income and fair value change gains during the reporting period.
**Giant Network Group:** First-quarter net profit rose 211% driven by increased game revenue. The company announced Q1 2026 revenue of 2.329 billion yuan, up 221.70% year-on-year. Net profit attributable to shareholders was 1.080 billion yuan, an increase of 210.58%. The performance change was primarily due to higher game revenue in the reporting period.
**Songfa Shares:** First-quarter net profit grew 330% amid increased ship construction commencement and deliveries. The company reported Q1 2026 revenue of 8.888 billion yuan, up 199.07% year-on-year. Net profit attributable to shareholders was 1.093 billion yuan, an increase of 330.29%. The performance improvement was mainly due to the overall high prosperity in the shipbuilding industry and the steady expansion of the company's operating scale. With increasing ship construction commencement and deliveries, the economies of scale in the shipbuilding business continued to be realized, coupled with the gradual optimization of the product structure, jointly driving the steady improvement in operating performance.
**Founder Technology:** First-quarter net profit increased 195% as average selling prices and sales volume for PCB business rose. The company disclosed its Q1 report, showing revenue of 1.564 billion yuan for Q1 2026, up 64.31% year-on-year. Net profit attributable to the parent company was 232 million yuan, an increase of 195.16%. During the reporting period, the average selling price and sales volume of the company's PCB business increased.
**WuXi AppTec:** First-quarter net profit grew 26.68%. The company announced Q1 2026 revenue of 12.436 billion yuan, up 28.81% year-on-year. Net profit attributable to shareholders was 4.652 billion yuan, an increase of 26.68%. During the period, the company continued to focus on and strengthen its CRDMO business model, leading to sustained revenue growth. Continuous optimization of production processes and operational efficiency, along with improved capacity efficiency from growth in late-stage clinical and commercial projects, enhanced the company's overall profitability. As of the end of March 2026, the company's continuing operations had outstanding orders totaling 59.77 billion yuan, a 23.6% increase year-on-year.
**Rongjie Shares:** First-quarter net profit surged 1296% due to increased profits from lithium mining and processing. The company reported Q1 2026 revenue of 376 million yuan, up 295.77% year-on-year. Net profit attributable to shareholders was 278 million yuan, a significant rise of 1296.26%. The performance change was mainly due to increased production, sales, and prices of lithium concentrate, leading to higher profits from the lithium mining and processing business, combined with an increase in investment income.
**Fuxiang Pharma:** First-quarter net profit soared 2633% as sales volume and prices for new energy sector products increased. The company announced Q1 2026 revenue of 358 million yuan, up 53.09% year-on-year. Net profit attributable to shareholders was 61.1955 million yuan, a dramatic increase of 2633.39%. The performance improvement was primarily due to increased sales volume and prices for products in the new energy sector, leading to higher revenue year-on-year. Benefiting from the sustained improvement in the new energy industry's prosperity, steady growth in power battery market demand, and rapid expansion in energy storage battery market demand, upstream demand for lithium battery materials continued to climb. The company's lithium battery electrolyte additive business performed well, with core products like VC and FEC experiencing both volume and price increases, thereby driving substantial year-on-year growth in performance.
**Hunan Silver Co., Ltd.:** First-quarter net profit increased 456% amid rising precious metal prices. The company reported Q1 2026 revenue of 3.198 billion yuan, up 69.17% year-on-year. Net profit attributable to shareholders was 156 million yuan, an increase of 455.78%. This was mainly due to the active promotion of refined management, cost reduction, efficiency improvement, and technical upgrades during the reporting period, combined with rising prices in the precious metals market compared to the previous year, leading to an increase in the comprehensive product gross margin and thus higher profits.
**Baoding Technology (Rights Protection):** First-quarter net profit rose 268% as sales volume for CCL and copper foil products increased. The company announced Q1 2026 revenue of 970 million yuan, up 41.97% year-on-year. Net profit attributable to shareholders was 66.0465 million yuan, an increase of 267.64%. This was mainly due to increased sales volume of CCL and copper foil products from Jinbao Electronics, leading to higher revenue.
**B.O.T. New Material:** First-quarter net profit surged 13362% as hard alloy products achieved both volume and price increases. The company reported Q1 2026 revenue of 380 million yuan, up 125.94% year-on-year. Net profit attributable to shareholders was 132 million yuan, an extraordinary increase of 13362.43%. The performance change was mainly due to the overall volume and price increase of hard alloy products from subsidiary B.O.T. Orient against the backdrop of continuously rising prices for key raw material tungsten carbide, resulting in increased revenue and higher gross margins.
**Zhangyuan Tungsten:** First-quarter net profit increased 796%, primarily due to the transmission of significant tungsten raw material price increases leading to higher product selling prices. The company announced Q1 2026 revenue of 2.631 billion yuan, up 121.76% year-on-year. Net profit attributable to shareholders was 381 million yuan, a rise of 795.78%. The performance improvement was mainly due to substantial increases in tungsten raw material prices, which transmitted to higher product selling prices and a significant year-on-year increase in gross margin.
**Cambridge Industries Holding:** First-quarter net profit grew 276% as the scale of high-speed optical module business increased. The company reported Q1 2026 revenue of 1.287 billion yuan, up 43.98% year-on-year. Net profit attributable to shareholders was 118 million yuan, an increase of 276.44%. During the reporting period, the scale of the high-speed optical module business expanded. The revenue growth was primarily due to increased shipments of core business products.
**Dajin Heavy Industry:** First-quarter net profit increased 88.19%. The company announced Q1 2026 revenue of 1.907 billion yuan, up 67.17% year-on-year. Net profit attributable to shareholders was 435 million yuan, an increase of 88.19%. The performance change was mainly due to increased overseas business deliveries compared to the previous period.
**【Major Contract Awards】** **Titan Wind Energy:** Secured an order for offshore jacket foundations worth approximately 480 million yuan. The company announced that its wholly-owned subsidiary in the offshore sector recently won a new order for offshore jacket foundation products for the China Power Investment Corporation Yangjiang Sanshandao III Offshore Wind Farm Project, with a value of approximately 480 million yuan. The project has a planned capacity of 500MW and intends to install 30 fixed 16.2MW and one 20MW floating wind turbine generators. The company secured the order for 24 sets of jacket foundations. The announcement noted that the impact of these orders on performance is subject to uncertainties due to factors like contract execution and implementation progress; some orders may face risks of non-performance or termination in case of force majeure. The data is based on internal statistics, unaudited, and the specific amount is subject to the final signed contract.
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