【Top Story】 WUXI APPTEC (02359): Considering Raising 2026 Performance Guidance at an Appropriate Time WUXI APPTEC announced that for the first quarter of 2026, the company achieved operating revenue of RMB 12.44 billion, a year-on-year increase of 28.8%. Revenue from continuing operations grew by 39.4% year-on-year. Net profit attributable to shareholders of the listed company was RMB 4.652 billion, up 26.68% compared to the same period last year. Basic earnings per share were RMB 1.59. As of the end of March 2026, the order backlog for continuing operations amounted to RMB 59.77 billion, representing a 23.6% year-on-year increase. For the full year 2026, WUXI APPTEC maintains strong guidance: it expects total revenue to reach between RMB 51.3 billion and RMB 53 billion, with revenue from continuing operations projected to grow by 18% to 22% year-on-year. The company also mentioned it will continue to monitor market and business developments and consider raising its guidance at an appropriate time. Li Ge, Chairman and CEO of WUXI APPTEC, stated, "Based on the solid business performance and continued efficient execution in the first quarter, we are confident in achieving all our performance targets for 2026."
【Market Outlook】 Mixed Close for Major US Indices Overnight; Most Popular Tech Stocks Gained Overnight, the US stock market saw a mixed performance. The Dow Jones Industrial Average fell by 62.92 points to close at 49,167.79, a decline of 0.13%. The S&P 500 index gained 8.83 points to finish at 7,173.91, up 0.12%. The Nasdaq Composite Index increased by 50.5 points to close at 24,887.1, a rise of 0.2%. Most popular technology stocks closed higher. NVIDIA rose 4% to a new high, and Intel gained nearly 3%, also reaching a new high. Stocks related to memory and lithium mining were among the top gainers. Lithium Americas surged over 13%, SanDisk increased more than 8%, and Albemarle advanced nearly 6%. Most popular US-listed Chinese stocks declined, with the Nasdaq Golden Dragon China Index dropping 1.20%. Hong Kong Hang Seng Index ADRs rose, calculated proportionally to close at 25,963.59 points, up 37.94 points or 0.15% compared to the Hong Kong market close. The NYMEX WTI crude oil front-month contract rose by USD 2.28 to settle at USD 96.68 per barrel, a gain of 2.42%. The COMEX gold front-month contract fell by USD 43.20, or 0.91%, to USD 4,697.7 per ounce.
【Hotspot Preview】 Five Departments Launch Joint Special Law Enforcement Action to Standardize Recycling of Used Power Batteries On April 27, five departments, including the Ministry of Industry and Information Technology, jointly issued a notice to initiate a special joint law enforcement action focused on standardizing the recycling and utilization of used power batteries. The action will target prominent issues in the recycling of used power batteries from new energy vehicles and will investigate and penalize illegal activities according to law.
Alibaba (09988): Proposed Spinoff Receives Approval from Hong Kong Stock Exchange Alibaba announced that on March 13, 2026, the Hong Kong Stock Exchange confirmed that Alibaba may proceed with the proposed spinoff of an infrastructure REIT on the Shenzhen Stock Exchange. The Hong Kong Exchange also granted Alibaba a waiver from strict compliance with the requirement to provide assurance quotas to shareholders under paragraph 3 of Practice Note 15 of the Hong Kong Listing Rules.
Lianlian DigiTech (02598) Obtains Money Services Business Registration in Canada Through Acquired Entity Lianlian DigiTech announced that the group, through an acquired entity, has obtained a Money Services Business (MSB) registration from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The MSB registration authorizes the company to conduct regulated activities across Canada, including foreign exchange, remittance, virtual currency, and payment service provider operations.
Wasion Holdings (03393) Subsidiary Wins Smart Metering Products and Supporting Services Project in Pakistan, Contract Value Exceeds RMB 115 Million Wasion Holdings announced that in April 2026, its subsidiary, Wasion Group Co., Ltd., successfully won a bid for a smart metering products and supporting services project in Pakistan, with a contract value exceeding RMB 115 million.
Foshan Haitian Flavouring & Food Co., Ltd. (03288) Reports Q1 Net Profit Attributable to Shareholders of RMB 2.444 Billion, Up 10.97% YoY Foshan Haitian Flavouring & Food Co., Ltd. announced that for the first quarter of 2026, operating revenue was RMB 9.029 billion, an increase of 8.57% year-on-year. Net profit attributable to shareholders of the listed company was RMB 2.444 billion, up 10.97% year-on-year. Basic earnings per share were RMB 0.42.
Red Star Macalline Group (01528) Releases Q1 Results; Turns to Profit with Net Profit Attributable to Shareholders of RMB 47.6776 Million Red Star Macalline Group announced its results for the three months ended March 31, 2026. The group recorded revenue of RMB 1.548 billion, a decrease of 4.15% year-on-year. Net profit attributable to owners of the parent was RMB 47.6776 million, compared to a loss of RMB 513 million in the same period last year. Basic earnings per share were RMB 0.01.
BeiGene (06160) Signs Cooperation Agreement with HuaXia GeneHealth to Acquire Global Exclusive Development Rights for Innovative Trispecific Drug BeiGene announced that on April 24, 2026, its wholly-owned subsidiary, BeiGene Guangzhou, signed a cooperation agreement with HuaXia GeneHealth. According to the agreement, HuaXia GeneHealth agreed to grant BeiGene Guangzhou an exclusive option. Upon exercising this option, BeiGene Guangzhou would obtain an exclusive global license for the development, production, and commercialization, for all uses, of HuaXia GeneHealth's investigational trispecific compound targeting PD-1, CTLA-4, and VEGF-A (including HH160) and any products containing such compounds.
Cambridge Technology (06166) Q1 Net Profit Attributable to Shareholders Reaches RMB 118 Million, Surging 276.44% YoY Cambridge Technology released its first quarter 2026 report. The company achieved operating revenue of RMB 1.287 billion, an increase of 43.98% year-on-year. Net profit attributable to shareholders of the listed company was RMB 118 million, a significant increase of 276.44% year-on-year. Basic earnings per share were RMB 0.34.
Tongrentang Technology (01666) Reports Q1 Net Profit Attributable to Shareholders of Approximately RMB 169 Million Tongrentang Technology announced that for the first quarter of 2026, the group's unaudited operating revenue was approximately RMB 1.814 billion, unaudited operating costs were approximately RMB 1.109 billion, and unaudited net profit attributable to owners of the parent was approximately RMB 169 million. As of March 31, 2026, the group's unaudited total assets were approximately RMB 13.847 billion.
Joyson Electronics (00699) Q1 Net Profit Attributable to Shareholders at RMB 402 Million, Up 18.11% YoY Joyson Electronics released its first quarter 2026 report. The company recorded operating revenue of RMB 13.815 billion, a decrease of 5.22% year-on-year. Net profit attributable to shareholders of the listed company was RMB 402 million, an increase of 18.11% year-on-year. Basic earnings per share were RMB 0.26.
COSCO SHIPPING Energy Transportation (01138) Q1 Net Profit Attributable to Shareholders Soars 206.74% YoY to RMB 2.173 Billion COSCO SHIPPING Energy Transportation released its first quarter 2026 report. The group achieved operating revenue of RMB 7.303 billion, an increase of 26.92% year-on-year. Net profit attributable to shareholders of the listed company was RMB 2.173 billion, a substantial increase of 206.74% year-on-year. Basic earnings per share were RMB 0.3977. COSCO SHIPPING Energy Transportation also announced that Dalian COSCO SHIPPING Energy (a wholly-owned subsidiary of the company) intends to enter into an equity acquisition agreement with COSCO SHIPPING (a connected person of the company). Under this agreement, COSCO SHIPPING agrees to sell, and Dalian COSCO SHIPPING Energy agrees to acquire, the entire equity interest in COSCO SHIPPING Dalian Investment for a consideration of approximately RMB 1.585 billion.
Dalipal Holdings (01921) Proposes Top-up Placing at Approximately 12.00% Discount to Raise Net Proceeds of About HK$385.2 Million Dalipal Holdings announced that on April 27, 2026, the company, the vendor Shengxing Limited, and the placing agent entered into a placing and subscription agreement. The placing agent agreed to act as agent for the vendor and use its best efforts to procure placees (as buyers) to subscribe for up to 74.25 million top-up placing shares at a price of HK$5.28 per share. The vendor conditionally agreed to subscribe, and the company conditionally agreed to allot and issue up to 74.25 million top-up subscription shares at a price of HK$5.28 per share, the same as the top-up placing price.
Montage Technology (06809) Q1 Net Profit Attributable to Shareholders Rises 61.3% YoY to RMB 847 Million Montage Technology announced that for the first quarter of 2026, the group achieved operating revenue of RMB 1.461 billion, an increase of 19.51% year-on-year. Net profit attributable to shareholders of the listed company was RMB 847 million, an increase of 61.3% year-on-year. Basic earnings per share were RMB 0.73.
Morgan Stanley Increases Stake in Contemporary Amperex Technology Co., Limited (03750) by Approximately 778,200 Shares at Average Price of HK$708.25 Latest data from the Hong Kong Stock Exchange shows that on April 22, Morgan Stanley increased its holding in Contemporary Amperex Technology Co., Limited (03750) by 778,246 shares at an average price of HK$708.2515 per share, involving a total amount of approximately HK$551 million. After this increase, the latest number of shares held is approximately 8.086 million, representing a latest shareholding ratio of 5.18%.
New Listing: Lightelligence Technology-P (01879) Surges Over 350% in Grey Market Lightelligence Technology, a Hong Kong-listed provider of photonic-electronic computing power solutions, saw its shares surge over 350% in the grey market, reaching a high of HK$830. The global offering of Lightelligence Technology's H shares is jointly sponsored by CICC and Guotai Junan Haitong. The company plans to globally offer 13.7952 million H shares, comprising approximately 689,800 shares for the Hong Kong public offering and approximately 13.1054 million shares for the international offering. The price range is set between HK$166.6 and HK$183.2 per share. Based on the highest offer price, the company expects to raise net proceeds of approximately HK$2.527 billion, corresponding to a valuation of about HK$16 billion.
【Stock Focus】 BioMap (02315): Plans to Invest RMB 1.6 Billion to Construct Animal Center and Preclinical CRO Service Facilities BioMap announced that, due to the rapid expansion of its animal model business and preclinical CRO services, and increased innovation demands driven by industry trends, its existing animal centers and preclinical CRO service facilities can no longer meet future development needs. The company plans to invest approximately RMB 1.6 billion (subject to actual investment amount) through its wholly-owned subsidiary, BioMap Jiangsu Gene Biotechnology Co., Ltd., to construct an animal center and preclinical CRO service facilities. This investment project will further expand the scale of facilities, increase production capacity, and better meet market demand. Leveraging geographical advantages, the implementation of this project will facilitate a rapid response to the preclinical product and service needs of clients in surrounding regions and overseas clients. The 2026 first-quarter report shows that the company achieved revenue of RMB 433 million in Q1, a year-on-year increase of 73.68%. Net profit attributable to shareholders was RMB 104 million, surging 885.41% year-on-year. Adjusted net profit attributable to shareholders, excluding non-recurring items, was RMB 90.6468 million, up 789.46% year-on-year.
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