①The day after the release of their Q1 earnings forecast, Namicro Technology, Shannon Core Creation, Dongyue Silicon Materials, Deyi Co., Ltd., Fuchun Dyestuff & Weaving, Qiuyuan Power, and Dongshan Precision all closed with涨停 (limit-up). ②A summary of A-share listed companies expecting a year-on-year net profit increase of over 500% in Q1, along with reasons for earnings changes (see attached table).
Cailian Press reported on April 11th (edited by Ruoyu) that the Q1 earnings season in the A-share market was in full swing. The day after the release of the Q1 2026 earnings forecast, Namicro Technology, Shannon Core Creation, and Dongyue Silicon Materials closed with a 20CM涨停 (limit-up), while Deyi Co., Ltd., Fuchun Dyestuff & Weaving, and Qiuyuan Power all closed with涨停 (limit-up). Following the earnings growth announcement after the market close last Tuesday, Dongshan Precision hit the一字板 (one-word limit-up) the next day and once achieved a three-day连板 (continuous limit-up) during Friday’s trading session.
According to incomplete statistics from Cailian Press, as of press time, a total of 81 A-share listed companies have released their Q1 2026 earnings forecasts. Among them, 11 stocks are expected to see a year-on-year net profit increase of over 500%, including Tianhua New Energy, Boyun New Materials, Shannon Core Creation, Fuxiang Pharmaceuticals, OKEEB, Western Gold, Fuchun Dyestuff & Weaving, Wanbangde, Qiangyi Co., Ltd., Xinrui Co., Ltd., and Huarui Precision (specific details are shown in the figure below).
Specifically, Tianhua New Energy ranks first with an estimated earnings growth rate of over 321 times. It expects a net profit attributable to shareholders of RMB 900 million to RMB 1.05 billion in Q1, representing a year-on-year increase of 27,517.53%-32,120.45%. It also expects a quarter-on-quarter increase of 143.90%-184.55%. During the reporting period, driven by downstream demand growth in energy storage and power batteries, the company’s lithium battery materials business saw substantial profit growth. The company expects non-recurring gains and losses to impact net profit attributable to shareholders by approximately RMB 22 million in Q1 2026. The day after the earnings forecast, Tianhua New Energy’s stock price once surged nearly 16%.
Boyun New Materials follows closely with an estimated earnings growth rate of over 143 times. It forecasts a net profit attributable to shareholders of RMB 111 million to RMB 142 million in Q1 2026, representing a year-on-year increase of 11,194%-14,349% and a quarter-on-quarter increase of 249%-346%. During the reporting period, despite the continuous rise in prices of tungsten carbide, a key raw material for hard alloy products, the company’s hard alloy segment achieved both volume and price increases, driven by advantages in capital, scale, and technology, leading to significant growth in revenue and gross margin.
Shannon Core Creation ranks third with an estimated earnings growth rate of over 87 times. It expects a net profit attributable to shareholders of RMB 1.14 billion to RMB 1.48 billion in Q1, representing a year-on-year increase of 6,714.72%-8,747.18% and a quarter-on-quarter increase of 517.22%-701.30%. Driven by strong demand growth in generative artificial intelligence (AGI) applications, industry sentiment continued to rise, enterprise-level storage product prices kept increasing, and the company’s profitability improved significantly, with profit levels rising substantially. The day after the earnings forecast, Shannon Core Creation’s stock price surged 20CM涨停 (limit-up).
Fuxiang Pharmaceuticals and OKEEB, with estimated earnings growth rates of over 32 times and over 27 times respectively, remain among the top performers in terms of year-on-year net profit growth for Q1 (for more details, see last week’s Q1 earnings preview: Stocks Surge 20CM涨停 (limit-up)! The Q1 earnings season kicks off in the A-share market, with 12 listed companies expecting a maximum year-on-year net profit increase of over 200%).
Western Gold expects to achieve a net profit attributable to shareholders of RMB 450 million to RMB 560 million in Q1 2026, representing a year-on-year increase of 1,161.38%-1,469.71% compared to the same period last year (as per statutory disclosure data), and an increase of 1,797.16%-2,260.91% compared to the same period last year (after retrospective adjustments). The main reasons for the earnings growth are increased sales volumes and higher selling prices of gold products compared to the same period last year, as well as higher selling prices for electrolytic manganese.
Fuchun Dyestuff & Weaving expects to achieve a net profit attributable to shareholders of RMB 70 million to RMB 80 million in Q1 2026, representing a year-on-year increase of 1,347.69%-1,554.50%. Reasons for the earnings change include the company’s focus on improving product quality and efficiency, successful implementation of pricing adjustment strategies, and the叠加 (combined effect) of rising commodity prices such as cotton and dyeing chemicals, leading to sustained improvement in profitability. The day after the earnings forecast, Fuchun Dyestuff & Weaving recorded涨停 (limit-up).
