Selected A-share Announcements | China United Network Communications (600050.SH) Q1 computing power revenue increased by 8.3%, Muyuan Foods (002714.SZ) Q1 net loss exceeds 1.2 billion yuan.

Focus Today 1. China United Network Communications: Revenue from computing power business in the first quarter was 15.4 billion yuan, an 8.3% increase year-on-year. China United Network Communications announced that in the first quarter of 2026, it achieved operating revenue of 102.824 billion yuan, a decrease of 0.5% year-on-year; net profit attributable to shareholders of the listed company was 2.137 billion yuan, a decrease of 18.0% year-on-year. In the first quarter of 2026, revenue from computing power business was 15.4 billion yuan, an 8.3% increase year-on-year, with revenue from the Intelligent Computing Center increasing by 11.7% year-on-year, serving nearly 440,000 government and enterprise customers. To support the upgrading of digital consumption, the number of paid users for cloud intelligence products exceeded 110 million households, with a net increase of 5.49 million households. 2. Muyuan Foods: Net loss in the first quarter was 1.215 billion yuan, mainly due to a decrease in revenue caused by lower pig prices. Muyuan Foods announced that in the first quarter of 2026, it achieved operating revenue of 29.894 billion yuan, a decrease of 17.10% year-on-year; with a net loss of 1.215 billion yuan, a turnaround from the previous year. The change in performance was mainly due to a decrease in pig prices and a reduction in revenue. 3. Greenland Holdings Corporation: Revised annual performance forecast for 2025, expecting a net loss of 26 to 26.5 billion yuan. Greenland Holdings Corporation issued a correction to the 2025 annual performance forecast announcement, expecting a net loss of 26 to 26.5 billion yuan. The company's original forecast was a net loss of 16 to 19 billion yuan. The main reason for this correction was that when the company disclosed the 2025 annual performance forecast, the annual audit work had not been fully carried out, and the data was calculated based on the information available at that time. As the annual audit work progressed, the company communicated and verified with the annual audit accountants in a cautious manner, leading to a correction of the 2025 annual performance forecast. 4. Fuyao Glass Industry Group: Net profit in the first quarter was 1.712 billion yuan, a 15.68% decrease year-on-year. Fuyao Glass Industry Group announced that in the first quarter of 2026, it achieved operating revenue of 10.413 billion yuan, an increase of 5.08% year-on-year; with a net profit attributable to shareholders of the listed company of 1.712 billion yuan, a 15.68% decrease year-on-year. The change in performance was mainly due to the impact of exchange gains and losses, with a foreign exchange loss of 439 million yuan in the reporting period, compared to a foreign exchange gain of 2.36 billion yuan in the same period last year. 5. Niutech Environment Technology Corporation: Net profit in the first quarter was 42.5162 million yuan, an increase of 414.07% year-on-year. Niutech Environment Technology Corporation announced that in the first quarter of 2026, operating revenue was 172 million yuan, a 180.55% increase year-on-year. Total profit was 52.3562 million yuan, an increase of 516.76% year-on-year. Net profit attributable to shareholders of the listed company was 42.5162 million yuan, an increase of 414.07%. Basic earnings per share were 0.5355 yuan per share, an increase of 417.89%. 6. Henan Jindan Lactic Acid Technology: Net profit in 2025 was 115 million yuan, an increase of 205.92% year-on-year. Henan Jindan Lactic Acid Technology announced that in 2025, operating revenue was 1.614 billion yuan, a 7.23% increase year-on-year. Net profit was 115 million yuan, an increase of 205.92% year-on-year. The profit distribution plan approved by the board of directors of the company was as follows: based on 224 million shares, a cash dividend of 1 yuan (tax included) would be distributed to all shareholders for every 10 shares. 7. Jiangsu Chinagreen Biological Technology Group: Net profit in the first quarter increased by 7014%, mainly due to a significant increase in sales price of needle mushrooms. Jiangsu Chinagreen Biological Technology Group announced that in the first quarter of 2026, it achieved operating revenue of 4.14 billion yuan, a 53.09% increase year-on-year; with a net profit attributable to shareholders of the listed company of 1.1 billion yuan, a 7014.32% increase year-on-year. The increase in revenue was mainly attributed to a significant increase in the sales price of needle mushrooms compared to the previous year. 8. Grandblue Environment: The company's stock has been suspended from trading since April 22nd, with an expected suspension period of no more than 10 trading days. Grandblue Environment announced that the company is planning to purchase 100% of the equity interest in Guangdong Nanhai listed company's high-quality development fund partnership enterprise (limited partnership) and 7.22% shares in CANVEST ENV Electricity Co., Ltd. through the issuance of shares and payment of cash. The company also plans to issue shares to raise matching funds. After the completion of this transaction, the company will directly and indirectly hold 100% equity interest in the high-quality fund and 100% shares in CANVEST ENV. This transaction constitutes a related party transaction and is not expected to constitute a major asset restructuring. The company's stock has been suspended from trading since the market opened on April 22, 2026, and is expected to resume trading within 10 trading days. 9. Fujian Qingshan Paper Industry: The third largest shareholder, Fujian Energy Group, reduced its holdings by 4.5 million shares of the company's stock. Fujian Qingshan Paper Industry announced that the company's stock had deviated from the daily closing price limit for three consecutive trading days, which was considered abnormal stock trading. After conducting a self-examination and verifying with the controlling shareholder and the actual controller, it was confirmed that there was no significant information that needed to be disclosed and was not disclosed, and that the production operation was normal. No market rumors that needed clarification were found. The announcement revealed that the company's controlling shareholder, Fujian Energy Group Co., Ltd., reduced its holdings of 4.5 million shares of the company's stock between April 17 and 21 through centralized bidding, accounting for 0.2008% of the total share capital. Apart from the aforementioned reduction, there were no trading activities in the company's stock by the controlling shareholder, the actual controller, and the directors and supervisors during the abnormal trading period. The company reminded investors to pay attention to the risks in the secondary market and to invest rationally. 10. Zhejiang Truelove Vogue: The tender offer period has expired, and the company's stock has been suspended from trading since April 22nd. Zhejiang Truelove Vogue announced that on March 20, 2026, it disclosed the tender offer report sent by the Scouts Far Forward, with a tender price of 27.74 yuan per share and a total offer of 21.6 million shares, accounting for 15.00% of the company's total share capital. The tender offer period was from March 23 to April 21, 2026. As of April 21, 2026, the tender offer period has expired. In order to further confirm the results of the tender offer, the company's stock has been suspended from trading since the market opened on April 22, 2026, and is expected to resume trading after the announcement of the tender offer results. 11. Hunan Kaimeite Gases: Net profit in 2025 was 68.5557 million yuan, an increase of 241.16% year-on-year. Hunan Kaimeite Gases announced that in 2025, operating revenue was 627 million yuan, a 6.57% increase year-on-year. Net profit was 68.557 million yuan, an increase of 241.16% year-on-year. The company plans to distribute a cash dividend of 0.5 yuan (tax included) to all shareholders. 12. Hengli Petrochemical: Net profit in the first quarter was 3.91 billion yuan, a 90.65% increase year-on-year. Hengli Petrochemical announced that in the first quarter of 2026, it achieved operating revenue of 49.191 billion yuan, a decrease of 13.74% year-on-year; with a net profit attributable to shareholders of the listed company of 3.91 billion yuan, an increase of 90.65% year-on-year. Due to the decrease in the core raw material, crude oil prices, and the year-on-year increase in downstream PTA and new material prices, the company's profits increased significantly year-on-year. 13. Zhejiang Xinan Chemical Industrial Group: Net profit in 2025 was 14.7 million yuan, an increase of 185.67% year-on-year. Zhejiang Xinan Chemical Industrial Group announced that in 2025, operating revenue was 14.625 billion yuan, a 0.28% decrease year-on-year. Net profit was 14.7 million yuan, an increase of 185.67% year-on-year. The company plans to distribute a cash dividend of 1 yuan (tax included) to all shareholders on the basis of the total share capital of 1.35 billion shares, without increasing the capital reserve. 14. TKD Science and Technology: The light module-related business is still in the market promotion period, with a very small contribution to revenue. TKD Science and Technology issued a notice of abnormal stock trading, stating that the light module market has received high attention recently. The company established a joint venture company Fujian Zhitaichi Technology Co., Ltd. in June 2025 as the implementing entity of the computing power project. Currently, the company does not have self-built computing power infrastructure and is conducting leasing services experimentally, mainly by purchasing computing power services externally and subleasing them. This business is accounted for using the net method, with confirmed business revenue of less than ten thousand yuan. The project is still in the early stages of construction and commercialization, with risks such as slow commercialization progress and customer expansion. 15. Guangdong Huate Gas Co., Ltd: Russia is the main source of helium procurement for the company, with a temporary impact on the timely supply of helium due to policy changes. Guangdong Huate Gas Co., Ltd issued a notice of abnormal stock trading, stating that according to relevant regulations of the Russian Federation government, helium has been included in a specific list of commodities. The list clearly states that obtaining special permission from senior Russian government officials is required to export helium to regions outside the Eurasian Economic Union. As of the date of the announcement, the above regulations have come into effect. Due to adjustments in Russian helium export control policies, the related export permits and customs procedures have become more stringent, leading to a temporary impact on the timely supply of helium for the company. As Russia is the main source of helium procurement for the company, there is a temporary impact on the timely supply of helium due to policy changes. Given the uncertainty in policy implementation and approval cycles, it is currently difficult to accurately estimate the duration of the impact. The company will monitor and assess relevant policy trends. As of the date of this announcement, the company has noticed the appearance of individual netizens in the market and stock community spreading false information about the company's product prices. After verification, it was found that the information about "product prices, production capacity, supply, internal quotations, and project status" posted by these netizens was fabricated. The company has reported this to the operators of the stock community and actively taken measures to protect its rights. 16. Shanghai V-Test Semiconductor Tech.: Net profit in 2025 was 303 million yuan, an increase of 136.45% year-on-year. Shanghai V-Test Semiconductor Tech. released its 2025 annual report, achieving operating revenue of 1.575 billion yuan, a 46.22% increase year-on-year; with a net profit attributable to shareholders of the listed company of 303 million yuan, an increase of 136.45% year-on-year. The company plans to distribute a cash dividend of 5.50 yuan (tax included) to all shareholders for every 10 shares. 17. Guandian Defense Technology: The related verification work has been completed, and trading will resume starting tomorrow. Guandian Defense Technology announced that the company had conducted a verification of its stock trading situation recently. As the related verification work has been completed, the company applied to the Shanghai Stock Exchange for the resumption of trading, which will take effect on April 22, 2026. The company's stock has experienced three consecutive trading days of hitting the limit up since April 14, 2026. Due to the company facing significant delisting risks and investor concerns, the company decided to suspend trading to conduct a verification of its stock trading situation. Based on the current situation, the company's financial report for 2025 will receive an unqualified audit report from the CPA Firm. If the company's 2025 annual financial report ultimately receives an unqualified audit report, the company's stock will be delisted from the Shanghai Stock Exchange. The pre-disclosure date for the company's 2025 annual report is April 29, 2026, and the company's stock will be suspended starting from April 29, 2026. 18. Wens Foodstuff Group: Net loss in the first quarter was 1.07 billion yuan, a turnaround from profit to loss year-on-year. Wens Foodstuff Group announced that in the first quarter of 2026, it achieved operating revenue of 24.526 billion yuan, an increase of 0.34% year-on-year; with a net loss attributable to shareholders of the listed company of 1.07 billion yuan, a turnaround from profit to loss year-on-year. The change in performance was mainly due to a decrease in pork prices, resulting in a year-on-year loss in the pig meat business. 19. Far East Smarter Energy: Net profit in the first quarter increased by 110%, mainly due to an increased revenue in the intelligent battery storage/computing AI segment. Far East Smarter Energy announced that in the first quarter of 2026, it achieved operating revenue of 5.325 billion yuan, an increase of 9.26% year-on-year; with a net profit attributable to shareholders of the listed company of 96.6284 million yuan, an increase of 110.36% year-on-year. The change in performance was mainly due to the increase in revenue in the intelligent battery storage/computing AI segment and the rise in gross profit margin. 20. Holitech Technology: By purchasing computing power services externally and subleasing, confirmed business revenue is less than ten thousand yuan. Holitech Technology issued an abnormal stock trading notice, noting the recent high market attention to computing power concepts. The company established a joint venture company Fujian Zhitaichi Technology Co., Ltd. in June 2025 as the implementing entity of the computing power project. Currently, the company does not have self-built computing power infrastructure and is conducting leasing services experimentally, mainly by purchasing computing power services externally and subleasing them. This business is accounted for using the net method, with confirmed business revenue of less than ten thousand yuan. The project is still in the early stages of construction and commercialization, with risks such as slow commercialization progress and customer expansion. 21. Wuxi Dk Electronic Materials Co., Ltd.: Plans to issue A-shares to specific entities to raise up to 3 billion yuan, for projects such as a storage chip packaging testing base. Wuxi Dk Electronic Materials Co., Ltd. announced its plan to issue A-shares to specific entities in 2026. The offering is limited to 35 individuals, with a total fundraising of up to 3 billion yuan. After deducting issuance expenses, the funds will be used for projects such as an annual production of 2000 tons of low-cost silver photovoltaic paste, a 1450t/a electronic-grade metal powder capacity expansion project, a next-generation high-efficiency photovoltaic cell metallization paste development project, a storage chip packaging testing base project, a semiconductor packaging research and development center project, as well as repaying bank loans and supplementing working capital. The issue price will not be lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing date, and the number of shares issued will not exceed 30% of the total share capital before the issuance. This issuance is subject to approval by the company's shareholders' meeting, approval by the Shenzhen Stock Exchange, and registration by the China Securities Regulatory Commission before implementation. 22. Guangdong Mingzhu Group: Net profit in 2025 was 184 million yuan, an increase of 3243.47% year-on-year. Guangdong Mingzhu Group announced that in 2025, it achieved operating revenue of 970 million yuan, a 125.7% increase year-on-year; with a net profit attributable to shareholders of the listed company of 184 million yuan, an increase of 3243.47% year-on-year. The company plans to distribute a cash dividend of 2.13 yuan (tax included) to all shareholders. Stock Movement Risk Warning 1. Shanghai Guao Electronic Technology: The company is a defendant in a lawsuit involving approximately 280 million yuan, which has been accepted by the court. 2. Cubic Digital Technology: The company's stock will be delisted and removed from the listing on April 22nd. 3. Guangdong Piano Customized Furniture: The controlling shareholder has changed to Chu Xiwei, and the actual controller has changed to Yin Jiayin. 4. Beijing Forever Technology: Termination of the 100MW Wind Power EPC Project Tender Cooperation. 5. Cig Shanghai: No significant events affecting abnormal fluctuations in the company's stock trading price. 6. Anhui Shenjian New Materials: The stock price deviation limit has accumulated to more than 20%, classified as abnormal stock trading. 7. JinFu Technology: No significant undisclosed information, warning about acquisition integration risks. 8. Shanxi Tond Chemical: Bankruptcy and pre-bankruptcy protection have been applied for by creditors. 9. Zhejiang Sanfer Electric: Implementing a risk alert for delisting from April 23rd, with the abbreviation changed to *ST Shuaisian. Important Company Performance Overview 1. Ruitai Materials Technology: Net loss in the first quarter of 319,610 yuan. 2. Yantai Zhenghai Magnetic Material: Net profit of 47.0491 million yuan in the first quarter, a decrease of 32.29% year-on-year. 3. Wuxi Lihu Corporation: Net profit of 14.8663 million yuan in the first quarter, an increase of 113.69% year-on-year. 4. Ld Intelligent Technology: Net loss of 3.385 million yuan in the first quarter. 5. Zhejiang Xinao Textiles Inc.: Net profit of 120 million yuan in the first quarter of 2026, an