A-Share Q1 Report Explodes: Storage, AI, New Energy Erupt Collectively

Specifically, Jiangbolong Q1 net profit was 38.62 billion (turnaround from loss), Yuanjie Technology +1153%, Hunan Yuneng +1338%, Tongguan Copper Foil +2138%, Tianci Materials +1006%, Lanqi Technology +61%, Zhongwei Company +197%, and Sword Light Technology +276% - AI computing power, storage, semiconductor materials all exploded.

Yuanjie Technology's net profit increased by 1153.07% year-on-year

In the first quarter of this year, Yuanjie Technology achieved a revenue of 355 million yuan, a year-on-year increase of 320.94%; the net profit attributable to the parent company was 179 million yuan, a year-on-year increase of 1153.07%.

Regarding the reasons for the performance changes, Yuanjie Technology said that it mainly benefited from the growth in customer demand. The sales volume of CW light source products in the data center field increased, the overall product structure of the company was further optimized, coupled with the higher gross profit margin of data center products, thus increasing the net profit level of the company year-on-year.

Yuanjie Technology focuses on the research and development, design, and production of high-speed semiconductor chips. On April 17th, Yuanjie Technology's stock price hit the daily limit, and the stock price was reported at 1445 yuan/share, surpassing Kweichow Moutai to become the new "stock king". However, on the second trading day, Kweichow Moutai regained the top spot.

As of the close on April 27th, Yuanjie Technology's share price was reported at 1418 yuan per share, with a total market value of 121.874 billion yuan.

Tianqi Lithium's net profit increased by 1699.12% year-on-year

In the first quarter of this year, Tianqi Lithium achieved a revenue of 512.8 billion yuan, a year-on-year increase of 98.44%; the net profit was 187.6 billion yuan, a year-on-year increase of 1699.12%.

Regarding the reasons for the performance changes, Tianqi Lithium stated that it mainly benefited from the development of the new energy industry and the growth in downstream demand, among other favorable factors. The average selling price of the company's main lithium products during this reporting period increased significantly compared to the same period last year, resulting in a substantial increase in revenue and gross profit margins compared to the same period last year.

Tianqi Lithium is dedicated to developing applications for lithium resources and processing lithium products, providing sustainable lithium solutions for the transition and development of clean energy. As of the close on April 27th, Tianqi Lithium's share price was reported at 73.65 yuan per share, with a total market value of 125.665 billion yuan