Industrial Fungii Q1 Net Profit Surges 102.55% Amid Surge in AI Demand

A trillion-dollar contract manufacturing giant saw its quarterly net profit double year-over-year; a leading domestic AI chip stock unveiled an generous dividend plan; a market leader in resource segmentation saw its quarterly net profit surge nearly 30-fold...

April 28,

Here are the selected after-hours announcements:

Foxconn Industrial Internet announced that its revenue for the first quarter of 2026 reached RMB 251.078 billion, a year-over-year increase of 56.52%. Net profit amounted to RMB 10.595 billion, up 102.55% year-over-year. Benefiting from sustained strong demand for AI computing power, the company has continued to optimize its product mix, leading to steady improvement in the operational performance of its core business.

Cambricon announces that its 2025 annual profit distribution plan is as follows: Based on the total shares registered as of the record date for the distribution, less shares held in the treasury account, a cash dividend of RMB 15 (gross) will be distributed per 10 shares, and an additional 4.9 shares will be converted from capital reserves per 10 shares. The record date is May 7, 2026, and the ex-dividend and ex-rights date is May 8, 2026.

Xianglu Tungsten announced that for the first quarter of 2026, it achieved revenue of RMB 1.148 billion, a year-over-year increase of 138.65%; net profit attributable to shareholders of the listed company amounted to RMB 251 million, a year-over-year increase of 2,917.13%. The performance improvement was primarily driven by higher tungsten prices leading to increased revenue.

Chunzhong Technology announced that in 2025, the company achieved revenue of RMB 329 million, a year-over-year decrease of 33.48%; net profit amounted to RMB 280 million, representing a year-over-year increase of 225.90%. For the 2025 fiscal year, the company’s profit distribution plan proposes to distribute a cash dividend of RMB 1.00 (tax-inclusive) per 10 shares to all shareholders, based on the total number of shares outstanding at the record date for the distribution, less shares held in the treasury account. The total proposed cash dividend amounts to RMB 20.2209 million.

Changxin Bochuang announced that its revenue for the first quarter of 2026 was RMB 671 million, representing a 24.53% year-over-year increase. Net profit reached RMB 130 million, up 45.00% year-over-year.

Changxin Bochuang announces that the company plans to acquire 2.20% of Changxin Sheng’s shares held by LONGVALLEY LIGHT LIMITED through a cash transaction, with a total consideration of RMB 196 million. This transaction constitutes a related-party transaction and has been approved by the 26th meeting of the Sixth Board of Directors; it does not require shareholder approval. Based on the valuation, the total enterprise value of Changxin Sheng is RMB 8.9 billion, and this transaction does not constitute a material asset restructuring. Upon completion of the transaction, Changxin Bochuang’s ownership stake in Changxin Sheng will increase to 62.65%.

Shenghong Technology announced that its revenue for the first quarter of 2026 was RMB 5.519 billion, a year-over-year increase of 27.99%; net profit was RMB 1.288 billion, up 39.95% year-over-year.

Shuifa Gas announces that, from April 20 to 28, the company's stock experienced six consecutive trading days with price limits up out of seven trading days, resulting in a cumulative increase of 78.96%. The company has noted that some media outlets have categorized it as a "helium" concept stock. Upon self-examination, the company confirms that its core business is in the natural gas industry; helium is a by-product extracted during LNG production. In 2025, helium-related revenue amounted to RMB 12.6812 million, accounting for only 0.5% of total revenue; in the first quarter of 2026, helium revenue was RMB 2.5533 million, representing 0.49% of total revenue—a negligible proportion.

GoodWe announces that the company plans to issue convertible bonds to unspecified investors, raising a total of no more than RMB 1.48 billion. After deducting issuance expenses, the funds will be used for the annual production of 6 GWh medium- and large-power energy storage systems, the annual production of 2 GW energy storage inverters and 6 GWh energy storage batteries, the construction of a research and development center, and working capital supplementation.

GoodWe announced that for the first quarter of 2026, revenue reached RMB 2.361 billion, representing a 25.42% year-over-year increase; net profit attributable to shareholders of the listed company was RMB 101 million, compared to a net loss in the same period last year, marking a turnaround to profitability. The performance improvement was primarily driven by significant increases in sales volume and gross profit from overseas inverters and energy storage batteries.

*ST Xingguang announces that, in accordance with relevant provisions of the Shenzhen Stock Exchange Listing Rules, the company has applied to the Shenzhen Stock Exchange for the cancellation of the delisting risk warning. For the fiscal year 2025, the company achieved revenue after deductions of RMB 356 million, a net profit attributable to shareholders of the listed company of -RMB 3.8439 million, and shareholders' equity attributable to the listed company of RMB 311 million as of the end of 2025. UniTai Zhenqing Certified Public Accountants issued an unqualified audit report on the company’s 2025 financial statements. The company meets the conditions for submitting an application to cancel the delisting risk warning to the Shenzhen Stock Exchange.

Zhongqingbao announced that its revenue for the first quarter of 2026 was RMB 31.6581 million, a year-over-year decrease of 35.75%. The net loss amounted to RMB 14.3505 million, compared to a net loss of RMB 11.7346 million in the same period last year.

Qingfangcheng announced that its revenue for the first quarter of 2026 amounted to RMB 222 million, representing a 3.95% year-over-year increase. Net profit reached RMB 349 million, up 1,079.78% year-over-year. This performance was driven by the receipt of compensation for the expropriation of Huanneng Mall properties, alongside reduced rental income from business premises, lower exhibition service fees, increased asset depreciation and amortization, and higher financing costs.

Weike Technology issues a notice regarding risks associated with stock trading: As of December 31, 2025, revenue from sodium-ion batteries accounted for 2.64% of the company’s consolidated main business revenue, with a gross profit margin of -43.36%. Industry leaders enjoy significant scale advantages and strong technological barriers; the company currently lags considerably behind top industry players in terms of overall production capacity and R&D investment. It lacks competitive advantages in technological iteration and large-scale production. Under the trend of increasing industry consolidation and heightened concentration among market leaders, the company faces substantial pressure in expanding its market presence and increasing its market share.

iFlytek announced that its revenue for the first quarter of 2026 was RMB 5.274 billion, representing a 13.23% year-over-year growth; the net loss amounted to RMB 170 million, compared to a net loss of RMB 193 million in the same period last year.

Sinopec announced that its revenue for the first quarter of 2026 was RMB 706.695 billion, a 3.9% year-over-year decline; net profit was RMB 17.006 billion, a 28.2% year-over-year increase.

SF Holding announced that for the first quarter of 2026, it achieved revenue of RMB 74.142 billion, representing a 6.14% year-over-year growth; net profit attributable to shareholders of the listed company amounted to RMB 2.526 billion, up 13.05% year-over-year. The performance improvement was primarily driven by the company’s focus on value-driven operations, optimization of its business structure, and proactive responses to external challenges, ensuring sustained high-quality growth and demonstrating strong operational resilience.

Common Lawn Announcement: On April 28, 2026, the Company held its sixteenth meeting of the third Board of Directors, during which it approved the proposal to terminate the investment in the Mexico production base construction project, agreeing to discontinue the investment in this project. The total planned investment for the project is $43.42 million, funded by self-raised capital. In December 2023, the Company’s Mexico subsidiary entered into a Land Purchase Agreement with CONSORCIO INDUSTRIAL NEXXUS, SOCIEDAD ANÓNIMA DE CAPITAL VARIABLE to acquire the land for the Mexico production base located in the industrial park of Salinas Victoria, Nuevo León, at a total purchase price of $4.6365 million.

Common Ground Lawn Announcement: Revenue for the first quarter of 2026 amounted to RMB 914 million, representing a 15.24% year-over-year growth. Total profit reached RMB 212 million, up 21.43% year-over-year. Net profit was RMB 201 million, an increase of 28.68% year-over-year. Non-recurring profit after deducting non-recurring gains and losses was RMB 199 million, up 28.43% year-over-year.

Yinlun Co., Ltd. announced that it plans to repurchase its shares at a price not exceeding RMB 68 per share, with a total budget of RMB 50 million to RMB 100 million.

Mindray Medical announced that it achieved revenue of RMB 8.352 billion in the first quarter, a 1.39% year-over-year increase; net profit attributable to shareholders of the listed company amounted to RMB 2.33 billion, a 11.37% year-over-year decrease.

Fosun Pharma announced that its subsidiary, Shanghai Henlius Biotech, Inc., and its controlled subsidiaries have received approval from the European Commission for the marketing authorization of their self-developed pertuzumab (project code: HLX11) injection in the 420 mg/14 mL formulation. The approved indications correspond to all indications for which the reference product Perjeta® is marketed in the European Union.

Changbaishan announced that the company achieved a revenue of RMB 156 million in the first quarter of 2026, representing a 21.37% year-over-year growth; net profit attributable to shareholders amounted to RMB 8.0964 million, up 84.23% year-over-year. The increase in revenue was driven by higher visitor numbers at the scenic area compared to the same period last year.

Announcement on Abnormal Fluctuation in Stock Trading of Mingpu Optical & Magnetic: Updates and Risk Warnings Regarding the Company’s High-Speed Optical Module Business: The ODM custom development of the 800G LPO (Linear Drive Pluggable Optical Module) solution has achieved small-batch shipments; however, overall order volumes remain limited, and the resulting profits are insufficient to materially impact the company’s overall performance direction. The company is jointly developing 800G NPO (Near-Package Optics) with customers for next-generation applications; this project remains in the R&D phase and has not yet reached mass production, with future progress subject to uncertainty. The 1.6T optical module will be developed in collaboration with customers; this project is still in its early stages, and future collaboration with customers, order demand, transition to mass production, production yield, and supply chain costs all remain uncertain.

Jin'an Guoji announced that its revenue for the first quarter of 2026 was RMB 1.26 billion, representing a 31.36% year-over-year increase. Net profit reached RMB 202 million, up 763.91% year-over-year.

China General Nuclear Power Corporation announced that it plans to acquire from its controlling shareholder, CGN, a 46% stake in Cangnan Nuclear Power and a 51% stake in Cangnan Second Nuclear Power, with a total transaction value of approximately RMB 8.347 billion. This transaction constitutes a related-party transaction aimed at expanding the company’s controlled nuclear power generation capacity and solidifying its market position in the nuclear power industry. The transaction price is based on the assessed value of the assets; the net asset value of Cangnan Nuclear Power is approximately RMB 13.554 billion, and that of Cangnan Second Nuclear Power is approximately RMB 3.389 billion.

Hongye Futures announced that its total operating revenue for the first quarter of 2026 was RMB 81.78 million, a 23.53% year-over-year increase; net profit was RMB 12.51 million, a 939.69% year-over-year increase.

Sanfangxiang announces that, due to Beijing Dehao International issuing an audit report with a disclaimer of opinion on the company’s 2025 financial statements and a negative opinion on the company’s 2025 internal control over financial reporting, the company’s stock will be subject to delisting risk warning and additional risk warnings effective April 30, 2026. The company’s stock will be suspended for one trading day on April 29, 2026. Following the implementation of risk warnings, the stock’s daily price fluctuation limit will be reduced to 5%, and trading will occur on the risk warning board.

Beijing Junzheng announced that the company achieved a net profit of RMB 319 million in the first quarter of 2026, representing a 331.61% year-over-year increase. During the reporting period, driven by the memory cycle upswing, sales revenue from the company’s memory and computing chip product lines grew significantly year-over-year. Meanwhile, sales of analog and interconnect chips maintained a steady growth trend, contributing to an overall increase in the company’s total revenue.

Jiamei Packaging announces that Zheyu Hongzhi has made an offer to acquire 233 million shares of the company, representing 21.26% of the total outstanding shares. The offer price is RMB 4.45 per share, to be paid in cash. The offer period will run from April 30, 2026, to May 29, 2026.

China International Gold announced that its revenue for the first quarter of 2026 reached RMB 22.588 billion, a year-over-year increase of 52.01%; net profit amounted to RMB 2.381 billion, a year-over-year increase of 129.23%. Net profit attributable to shareholders of the listed company was RMB 2.381 billion, up 129.23% year-over-year. Basic earnings per share were RMB 0.49, representing a year-over-year increase of 133.33%.

Zaisheng Technology announced that Vice President Zhou Lingya, who holds 304,100 shares (0.0266%), plans to reduce her holdings by no more than 76,000 shares (0.0067%) through centralized bidding; Vice President Yang Jinming, who holds 575,000 shares (0.0503%), plans to reduce his holdings by no more than 143,700 shares (0.0126%); and Vice President Yi Wei, who holds 316,600 shares (0.0277%), plans to reduce his holdings by no more than 79,100 shares (0.0069%). The reduction period is from May 25, 2026, to August 24, 2026.

Xiwang Food announced that the company and its actual controller, Wang Yong, received a Notice of Case Filing from the China Securities Regulatory Commission (CSRC) due to suspected violations of information disclosure regulations. The CSRC has decided to initiate an investigation against the company and Wang Yong. The company stated that it will actively cooperate with the investigation and that its production and operations are currently proceeding normally; this case filing is not expected to have a material impact on production, operations, or management.

China General Nuclear announced that its revenue for the first quarter of 2026 was RMB 16.319 billion, a year-over-year decrease of 13.25%; net profit was RMB 2.741 billion, a year-over-year decrease of 9.33%.

Dongfang Zhizao announces that, according to its audited consolidated financial statements for 2025, the company's total profit amounted to -RMB 31.628 million, net profit attributable to shareholders of the listed company was -RMB 327.291 million, and net profit after deducting non-recurring gains and losses was -RMB 330.4 million. Additionally, the revenue after deducting non-core income was RMB 299 million. Pursuant to Article 9.3.1 of the Shenzhen Stock Exchange Listing Rules, the company has triggered the conditions for being subject to “Risk Warning for Delisting.” The company’s stock will be suspended for one day on April 29, 2026, and will resume trading on April 30, 2026, with a delisting risk warning imposed effective from the opening of trading on that day. The stock abbreviation will be changed to “*ST Dongzhi,” and the daily price fluctuation limit will be set at 5%.

China Merchants Bank announced that its operating revenue for the first quarter of 2026 was RMB 86.94 billion, representing a 3.81% year-over-year growth. Net profit attributable to shareholders of the bank was RMB 37.852 billion, up 1.52% year-over-year. Net profit attributable to shareholders of the bank, after deducting non-recurring gains and losses, was RMB 37.795 billion, up 1.77% year-over-year.

*ST Bodo announces that its stock will be suspended for one day on April 29, 2026, and will resume trading on April 30 with the removal of the delisting risk warning. The securities abbreviation will change from "*ST Bodo" to "Bodo Shares," and the daily price fluctuation limit will increase from 5% to 10%.

Huaxin Securities announced that its revenue for the first quarter of 2026 was RMB 972 million, a year-over-year decrease of 21.61%; net profit was RMB 433 million, a year-over-year decrease of 17.40%.

Bohai Auto announced that the company intends to acquire 51% of Beijing BAIC Molding Technology Co., Ltd., 51% of Hainachuan Adient (Langfang) Seats Co., Ltd., and 50% of Langfang Lening Wire Harness System Co., Ltd., from Beijing Hainachuan Automotive Components Co., Ltd., through a combination of share issuance and cash payment, while also raising accompanying funds. The company has applied to the Shanghai Stock Exchange (SSE) for the resumption of review of its transaction application documents and received notification from the SSE on April 28, 2026, approving the resumption of review. This transaction remains subject to approval by the SSE and registration consent from the China Securities Regulatory Commission (CSRC) before it can be implemented.

Shiyun Circuit announced that for the first quarter of 2026, revenue reached RMB 1.322 billion, an 8.63% year-over-year increase; net profit attributable to shareholders of the listed company was RMB 36.63 million, a 79.63% year-over-year decrease. The change in performance was primarily due to the combined impact of significant increases in raw material prices and a sharp decline in exchange rates.

Kanglong Chemical (03759.HK) announced that for the first quarter of 2026, the company achieved revenue of RMB 3.578 billion, representing a 15.48% year-over-year increase, and net profit of RMB 335 million, up 9.75% year-over-year. By customer region, revenue from North American customers amounted to RMB 2,195,852,200 in the first quarter of 2026, up 9.61% year-over-year, accounting for 61.37% of total revenue; revenue from European customers (including the UK) was RMB 629,463,500, up 10.66% year-over-year, accounting for 17.59% of total revenue; revenue from Chinese customers was RMB 655,250,000, up 43.41% year-over-year, accounting for 18.31% of total revenue; and revenue from customers in other regions was RMB 97,858,700, accounting for 2.73% of total revenue.

Jinhong Gas announced that it expects its net profit attributable to shareholders of the parent company for the first quarter of 2026 to decrease by RMB 38.6432 million to RMB 39.5232 million compared to the same period last year, representing a year-over-year decline of 87.82% to 89.82%. It also expects its net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, for the first quarter of 2026 to decrease by RMB 26.8109 million to RMB 27.2109 million compared to the same period last year, representing a year-over-year decline of 91.63% to 92.99%.

Yankuang Energy announced that, in the first quarter of 2026, it achieved revenue of RMB 34.589 billion, a year-over-year increase of 1.83%; net profit attributable to shareholders of the listed company amounted to RMB 3.955 billion, up 42.14% year-over-year. The change in performance was primarily due to the company’s public transfer of 100% equity in Inner Mongolia Xintai Coal Co., Ltd. during the reporting period, which increased net profit attributable to shareholders by RMB 2.843 billion year-over-year; however, profitability from coal products declined compared to the same period last year. Small Finance Note: The company’s Q1 net profit was RMB 3.955 billion, compared to RMB 1.42 billion in Q4 2025, indicating a sequential increase of 178% in Q1 net profit.

China Pacific Insurance announced that for the first quarter of 2026, the company achieved revenue of RMB 92.547 billion, a 1.2% year-over-year decrease, and net profit of RMB 10.041 billion, a 4.3% year-over-year increase. Insurance service revenue amounted to RMB 70.234 billion, up 1.0% year-over-year. Of this, China Pacific Life Insurance generated RMB 21.571 billion in insurance service revenue, a 2.6% year-over-year increase, while China Pacific Property Insurance generated RMB 47.772 billion in insurance service revenue, a 0.2% year-over-year decrease. The group recorded net profit of RMB 10.041 billion, up 4.3% year-over-year, and operating profit of RMB 10.523 billion, up 3.6% year-over-year.

Celue Medical announced that its revenue for the first quarter of 2026 was RMB 182 million, a year-over-year decrease of 36.75%. The net loss amounted to RMB 17.52 million, compared to a net loss of RMB 14.32 million in the same period last year. The company is currently undergoing a strategic transformation, and its revenue has been impacted by industry policies and delays in customer payments. Additionally, revenue declines have occurred due to business restructuring in certain projects.

Ping An Insurance (02318.HK) announced that for the first quarter of 2026, the company achieved revenue of RMB 238.477 billion, a year-over-year decline of 7.1%, and net profit of RMB 25.022 billion, a year-over-year decrease of 7.4%. As of March 31, 2026, the group had nearly 252 million individual customers, an increase of 0.2% from the beginning of the year; the average number of contracts held per customer remained flat at 2.94 compared to the start of the year.

Kweichow Moutai has announced that it will hold its 2025 annual and first quarter 2026 earnings conference via online text-based interaction on Qianjing Roadshow from 16:00 to 17:30 on May 11, 2026, to engage in real-time discussions with investors regarding its business operations and performance.

Tongling Nonferrous Metals announced that its revenue for the first quarter of 2026 reached RMB 64.67 billion, representing an 83.61% year-over-year increase; net profit amounted to RMB 1.338 billion, up 19.12% year-over-year.

Hongchang Electronics announced that for the first quarter of 2026, the company achieved revenue of RMB 989 million, a year-over-year increase of 76.81%; net profit attributable to shareholders of the listed company was RMB 468,500, a year-over-year decrease of 92.74%. The change in performance was primarily due to increased revenue from the commissioning of Phase II of Hongchang Zhuhai and Hongren Zhuhai. However, the recent commissioning of Hongren Zhuhai involved new plant systems and product certifications, resulting in gradual capacity ramp-up and higher cost expenditures, which impacted overall net profit.

Xiangyou Technology has announced that its shares will resume trading starting April 29, 2026. Due to the company’s audited net assets at the end of the most recent fiscal year being negative, or becoming negative after restatement, a delisting risk warning will be applied effective upon resumption of trading. Additionally, as the company has incurred losses for three consecutive fiscal years from 2023 to 2025 and its ability to continue as a going concern remains uncertain, other risk warnings will be additionally applied.

Mingyang Electric announced that its revenue for the first quarter of 2026 was RMB 962 million, a year-over-year decrease of 26.28%; net profit was RMB 24.6067 million, a year-over-year decrease of 78.08%.

Weiguang Co., Ltd. announced that its revenue for the first quarter of 2026 was RMB 347 million, a year-over-year decrease of 2.37%. Net profit reached RMB 138 million, an increase of 58.88% year-over-year.

Jiangxi Copper announced that its revenue for the first quarter of 2026 reached RMB 139.124 billion, a 25.39% year-over-year increase; net profit amounted to RMB 2.818 billion, up 44.31% year-over-year.

Fosun Pharmaceutical announced that its revenue for the first quarter of 2026 was RMB 10.073 billion, representing a 6.93% year-over-year growth; net profit was RMB 871 million, up 13.87% year-over-year.

On April 28, CanSino announced that for the first quarter of 2026, the company achieved revenue of RMB 190 million, a 38.73% year-over-year increase; net loss attributable to shareholders of the listed company amounted to RMB 40.42 million, compared with a net loss of RMB 11.55 million in the same period last year; basic earnings per share were -RMB 0.16.

Suzhou Securities announced that its revenue for 2025 amounted to RMB 9.03 billion, representing a 27.70% year-over-year growth. Net profit reached RMB 3.552 billion, up 50.12% year-over-year. For the 2025 profit distribution, the company plans to distribute cash dividends to shareholders in the form of cash, based on the total number of shares registered as of the record date for the distribution. The proposed dividend is RMB 2.20 (inclusive of tax) per 10 shares.

Tiger Medical (03347.HK) announced that for the first quarter of 2026, revenue reached RMB 1.801 billion, representing a 15.17% year-over-year increase; net profit attributable to shareholders of the listed company was RMB 49.04 million, a 70.36% year-over-year decrease; basic earnings per share amounted to RMB 0.06.

Taotao Motors announced that its revenue for the first quarter of 2026 was RMB 1.059 billion, representing a 65.66% year-over-year increase; net profit was RMB 176 million, up 104.50% year-over-year.

Liaoning Energy announced that the company incurred a net loss of RMB 116 million in the first quarter of 2026, compared to a net profit of RMB 94.2555 million in the same period last year, marking a year-over-year turnaround from profit to loss.

Pada Precision announced that its revenue for the first quarter of 2026 was RMB 331 million, a year-over-year decrease of 14.75%. Net profit amounted to RMB 606,600, a year-over-year decline of 97.18%. This was primarily due to reduced market demand from air conditioner compressor customers, intensified industry price competition, and fluctuations in material prices, all of which have continued to pressure the company’s profitability.

Jinggong Steel Structure announced that for the first quarter of 2026, revenue amounted to RMB 4.844 billion, representing a 0.51% year-over-year increase. Total profit reached RMB 191 million, up 27.06% year-over-year. Net profit attributable to shareholders of the listed company was RMB 151 million, up 21.94% year-over-year. Net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, was RMB 161 million, up 45.42% year-over-year.

Tianshan Aluminum announced that its revenue for the first quarter of 2026 was RMB 8.444 billion, a 6.55% year-over-year increase; its net profit for the first quarter of 2026 was RMB 2.199 billion, a 111.78% year-over-year increase.

Giant Technology announced that its revenue for the first quarter of 2026 was RMB 3.772 billion, a 3.18% year-over-year increase; net profit was RMB 515 million, up 11.87% year-over-year.

Solar energy announcement: First-quarter 2026 revenue amounted to RMB 1.061 billion, a year-over-year decrease of 18.40%. Net profit was RMB 183 million, a year-over-year decrease of 36.51%.

Wanchen Group announced that its revenue for the first quarter of 2026 was RMB 16.634 billion, representing a 53.73% year-over-year increase; net profit reached RMB 630 million, up 193.12% year-over-year.

Huamao Technology announced that its first-quarter revenue was RMB 512 million, a year-over-year decrease of 4.63%; net profit was RMB 11.6963 million, a year-over-year decrease of 86.47%.

Qingsong Holdings announced that its revenue for the first quarter of 2026 reached RMB 480 million, a year-over-year increase of 14.65%. Net profit amounted to RMB 21.92 million, up 1,048.09% year-over-year. Non-GAAP net profit, excluding non-recurring items, was RMB 21.51 million, representing a year-over-year increase of 1,525.58%. Net cash flow from operating activities was RMB 110 million, a 26.29% decline year-over-year. Basic earnings per share were RMB 0.044, up 1,057.89% year-over-year.

China Guodian Corporation announced that its revenue for the first quarter of 2026 was RMB 39.169 billion, a year-over-year decrease of 1.62%; net profit was RMB 1.398 billion, a year-over-year decrease of 22.79%.

Zhonganke announced that its revenue for the first quarter of 2026 was RMB 652 million, a year-over-year decrease of 12.63%. Net profit reached RMB 28.37 million, an increase of 230.61% year-over-year. Basic earnings per share were RMB 0.0100, up 233.33% year-over-year.

China Communications Construction Company announced that, in the first quarter of 2026, the company signed new contracts worth RMB 556.24 billion, a 0.58% year-over-year increase, representing 29% of its annual target (calculated based on a 2.6% growth from the RMB 1,883.672 billion in new contracts signed in 2025, as approved by the Board of Directors). By business segment, the new contracts for new-quality infrastructure, design and consulting, and other businesses amounted to RMB 539.971 billion, RMB 13.44 billion, and RMB 2.829 billion, respectively.

Shuanghui Development announced that its first-quarter 2026 revenue was RMB 14.549 billion, a 1.96% year-over-year increase. Net profit reached RMB 1.292 billion, up 13.59% year-over-year.

Fushi Holdings announced that its actual controller, chairman, and general manager, Chen Yongliang, was placed under detention. Recently, the company received a notice from a national supervisory commission stating that Chen Yongliang’s detention measure has been changed to a requirement to await investigation. Chen Yongliang is now able to resume his duties as chairman and general manager, and the company’s production and business operations are proceeding normally.

Sinoma International announced that its revenue for the first quarter of 2026 was RMB 9.505 billion, a year-over-year decrease of 6.33%. Net profit amounted to RMB 455 million, down 31.43% year-over-year. The reduction in profit compared to the same period last year was primarily due to lower revenue influenced by domestic cement market conditions and international geopolitical factors, as well as foreign exchange losses resulting from the depreciation of the US dollar and euro during this period, whereas the same period last year recorded foreign exchange gains.

Weice Technology announced that its revenue for the first quarter of 2026 was RMB 490 million, representing a 71.79% year-over-year increase; net profit amounted to RMB 70.858 million, up 173.39% year-over-year.

Juhua Corporation announced that its revenue for the first quarter of 2026 was RMB 6.018 billion, a 3.75% year-over-year increase; net profit was RMB 1.173 billion, up 45.93% year-over-year. Non-recurring profit attributable to shareholders of the listed company amounted to RMB 1.164 billion, an increase of 47.50% year-over-year.

Shengyi Electronics announced that its revenue for the first quarter of 2026 reached RMB 2.411 billion, representing a 52.62% year-over-year increase. Net profit amounted to RMB 445 million, up 122.16% year-over-year.

China Railway Industrial announced that the new contract value for the quarter of 2026 was RMB 9.633 billion, a year-over-year decrease of 9.50%. Specialized engineering machinery equipment amounted to RMB 3.025 billion, up 14.95% year-over-year; transportation equipment reached RMB 5.026 billion, down 31.91% year-over-year; other segments totaled RMB 1.583 billion, up 150.26% year-over-year. Domestic contracts amounted to RMB 8.388 billion, down 12.04% year-over-year; overseas contracts totaled RMB 1.246 billion, up 12.34% year-over-year. The value of significant contracts during the period was RMB 1.078 billion, accounting for 3.89% of the company's 2025 revenue.