Tianqi Lithium Corporation announced that its first-quarter revenue reached 5.128 billion yuan, a year-on-year increase of 98.44%, with net profit attributable to shareholders of 1.876 billion yuan, surging by 1,699.12% compared to the same period last year. The significant growth was primarily driven by the development of the new energy industry and increased downstream demand, leading to a notable rise in the average selling price of the company's main lithium products. Additionally, based on forecast data, SQM's first-quarter performance for 2026 is expected to grow substantially year-on-year, resulting in an increase in investment income from the associate company.
WuXi AppTec reported a first-quarter revenue of 12.436 billion yuan, up 28.81% year-on-year, and a net profit of 4.652 billion yuan, rising 26.68%. The improvement was mainly due to the company's continued focus on strengthening its CRDMO business model, optimizing production processes and operational efficiency, and growth in late-stage clinical and commercial projects enhancing capacity utilization.
Rongjie Co., Ltd. achieved a first-quarter revenue of 376 million yuan, an increase of 295.77% year-on-year, and a net profit of 278 million yuan, soaring by 1,296.26%. The performance improvement was attributed to increased production and sales volume of lithium concentrate, higher prices, and growing investment income.
Giant Network Group reported a first-quarter revenue of 2.329 billion yuan, up 221.70% year-on-year, and a net profit of 1.08 billion yuan, increasing by 210.58%, primarily due to higher game revenue.
Hunan Silver Co., Ltd. announced a first-quarter revenue of 3.198 billion yuan, rising 69.17% year-on-year, and a net profit of 156 million yuan, surging 455.78%. The growth was driven by refined management, cost reduction, efficiency improvements, technological upgrades, and rising precious metal prices.
Conscientious Communications confirmed the termination of all matters related to the 337 investigation and patent litigation involving its subsidiary. The U.S. International Trade Commission formally ended the investigation based on a withdrawal agreement, and Skyworks unconditionally withdrew its claims. An initial ruling had found no patent infringement by the subsidiary.
Transsion Holdings reported a first-quarter revenue of 16.2 billion yuan, up 24.58% year-on-year, with a net profit of 700 million yuan, increasing 42.90%.
Cambridge Industries Group achieved a first-quarter revenue of 1.287 billion yuan, rising 43.98% year-on-year, and a net profit of 118 million yuan, up 276.44%, mainly due to expanded high-speed optical module business scale.
Songfa Co., Ltd. announced a first-quarter revenue of 8.888 billion yuan, surging 199.07% year-on-year, and a net profit of 1.093 billion yuan, increasing 330.29%, driven by strong shipbuilding industry demand, increased vessel construction and deliveries, and optimized product structure.
Zhangyuan Tungsten reported a first-quarter revenue of 2.631 billion yuan, up 121.76% year-on-year, and a net profit of 381 million yuan, soaring 795.78%, primarily due to significant increases in tungsten raw material prices leading to higher product selling prices.
Zhenaimijia announced the results of its tender offer, with the acquiring party set to hold 43.00% of shares post-acquisition. Trading will resume on April 28, 2026.
Unigroup Guoxin Microelectronics reported a first-quarter revenue of 1.499 billion yuan, up 46.11% year-on-year, and a net profit of 334 million yuan, increasing 180.27%, driven by higher sales in its specialty integrated circuit business and improved investment income.
Fuxiang Pharmaceutical achieved a first-quarter revenue of 358 million yuan, up 53.09% year-on-year, and a net profit of 61.1955 million yuan, surging 2,633.39%, due to increased sales volume and prices in its new energy sector products.
Founder Technology reported a first-quarter revenue of 1.564 billion yuan, up 64.31% year-on-year, and a net profit of 232 million yuan, increasing 195.16%, attributed to higher average selling prices and sales volume in its PCB business.
Walvax Biotechnology announced a first-quarter revenue of 444 million yuan, down 3.98% year-on-year, but a net profit of 111 million yuan, soaring 4,082.41%, due to changes in accounts receivable credit loss estimates and reduced R&D expenses as projects moved to capitalization.
China Electronics Huada reported a first-quarter revenue of 29.862 billion yuan, up 144.36% year-on-year, and a net profit of 158 million yuan, increasing 87.38%, driven by rising memory chip prices boosting customer demand.
Boyun New Materials achieved a first-quarter revenue of 380 million yuan, up 125.94% year-on-year, and a net profit of 132 million yuan, surging 13,362.43%, due to higher sales volume and prices of hard alloy products.
Green Dynamic Power signed a deepened cooperation framework agreement with Alibaba Cloud to collaborate on digital and intelligent solutions in the solid waste industry.
Nanya New Materials reported a first-quarter revenue of 1.832 billion yuan, up 92.36% year-on-year, and a net profit of 150 million yuan, increasing 610.83%, driven by higher product sales volume and prices.
Tongguan Copper Foil announced a first-quarter revenue of 1.842 billion yuan, up 32.04% year-on-year, and a net profit of 106 million yuan, surging 2,138.17%, primarily due to rising copper foil product prices.
COSCO SHIPPING Energy Transportation reported a first-quarter revenue of 7.303 billion yuan, up 26.92% year-on-year, and a net profit of 2.173 billion yuan, increasing 206.74%, as the international oil shipping market remained strong.
Montage Technology achieved a first-quarter revenue of 1.461 billion yuan, up 19.51% year-on-year, and a net profit of 847 million yuan, rising 61.30%, benefiting from AI industry trends and increased demand for DDR5 and interconnect chips.
Yuanjie Technology reported a first-quarter revenue of 355 million yuan, up 320.94% year-on-year, and a net profit of 179 million yuan, surging 1,153.07%, driven by growth in data center CW light source product sales.
Hunan Yuneng announced a first-quarter revenue of 14.965 billion yuan, up 121.31% year-on-year, and a net profit of 1.356 billion yuan, soaring 1,337.77%, due to increased sales of phosphate cathode materials and higher product prices driven by rising lithium carbonate costs.
Hengong Precision reported a first-quarter revenue of 319 million yuan, up 34.14% year-on-year, and a net profit of 61.9584 million yuan, increasing 210.56%, attributed to higher product sales and the addition of humanoid robot body business.
Jingsheng Mechanical & Electrical announced a first-quarter revenue of 1.729 billion yuan, down 44.88% year-on-year, and a net profit of 103 million yuan, decreasing 82.10%, due to reduced sales.
Dongshan Precision reported a first-quarter revenue of 13.138 billion yuan, up 52.72% year-on-year, and a net profit of 1.11 billion yuan, increasing 143.47%, driven by the inclusion of Solars and GMD Group in consolidated results and doubled optical module business revenue.
Tinci Materials achieved a first-quarter revenue of 6.673 billion yuan, up 91.29% year-on-year, and a net profit of 1.654 billion yuan, surging 1,005.75%, due to higher prices and sales volume of lithium-ion battery materials.
Kingsignal reported a first-quarter revenue of 674 million yuan, up 19.66% year-on-year, and a net profit of 21.1273 million yuan, increasing 560.40%, driven by strategic focus on innovation and overseas markets.
Sharecrest reported a first-quarter revenue of 6.085 billion yuan, up 192.90% year-on-year, and a net profit of 750 million yuan, rising 343.45%, due to higher sales revenue and improved gross margin.
Dinglong Corporation reported a first-quarter revenue of 1.02 billion yuan, up 23.82% year-on-year, and a net profit of 251 million yuan, increasing 77.99%, driven by significant growth in CMP materials business and contributions from a subsidiary.
ST Zhenradi announced a first-quarter revenue of 121 million yuan, up 67.01% year-on-year, and a net profit of 39.5811 million yuan, increasing 76.17%, due to market expansion and increased sales scale.
Baoding Technology reported a first-quarter revenue of 970 million yuan, up 41.97% year-on-year, and a net profit of 66.0465 million yuan, rising 267.64%, mainly due to increased sales of CCL and copper foil products.
Risk alerts were issued for several stocks, including Huayi Brothers, which faces pre-reorganization, and ST Cuihua, which may fail to disclose annual and quarterly reports on time. Other companies received risk warnings or were subject to regulatory actions.
Key company performance summaries included significant growth for Walvax Biotechnology and declines for Foster and Daodaoquan. Various companies announced share repurchases, stake increases or decreases, major contracts, and investments.
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