19 stocks expected to significantly increase earnings in Q1; 3 stocks heavily bought by retail investors

Recently, listed companies have successively released profit forecasts for the first quarter, directly reflecting industry business conditions and profitability. This provides an important basis for investors to assess market trend and make investment decisions.

19 companies expect higher first-quarter earnings

According to statistics from Securities Times · Data Bao, as of the market close on April 1, 26 listed companies disclosed their 2026 first-quarter performance via profit forecasts, prospectuses, or other forms. Based on the lower bound of forecasted attributable net profit, 19 companies are expected to achieve year-on-year growth in attributable net profit, 2 are expected to turn loss into profit, and 2 are expected to narrow losses. The overall “positive news” rate is close to 90%.

Oukeyi and Fuxiang Pharmaceutical are both expected to see year-on-year increases in attributable net profit of over 2000%. Oukeyi expects to achieve attributable net profit of RMB 180 million to RMB 220 million, up 2248.89% to 2770.86% year-on-year, and is expected to set a new high since the company’s listing. In its announcement, the company said that the main raw material for hard-metal cutting tools, tungsten carbide, has continued to rise significantly. The company has advantages in terms of capital and scale effects, enabling both volume and pricing of products to increase at the same time.

Fuxiang Pharmaceutical expects to achieve attributable net profit of RMB 52 million to RMB 75 million, up 2222.67% to 3250.01% year-on-year, and is expected to record the highest single-quarter attributable net profit since 2022. The company said that benefiting from the sustained improvement in the new energy industry’s business conditions, demand for power battery markets has grown steadily, and demand for energy storage batteries has broken out rapidly, driving sustained increases in demand for upstream lithium battery materials. The company’s lithium battery electrolyte additive business has a good operating trend. Core products such as VC and FEC have seen both volume and pricing rise together, thereby pushing the company’s year-on-year earnings growth significantly.

Performance strengthens in two major sub-sectors

Looking at sub-sectors, among listed companies with positive first-quarter profit signals, companies in the general equipment and semiconductor industries are in the lead in number, with 3 each. Among them, the three general equipment companies’ principal businesses all include hard-metal and cutting tools.

Wind data shows that as of April 1, tungsten carbide powder (purity ≥99.7%, particle size 2—10μm) was quoted at 2265 yuan per kilogram, up more than 122% from the end of 2025. With the rise in the price of the main raw material tungsten carbide, listed companies have increased prices for hard-metal and tool products, boosting the companies’ operating performance.

A research report from Guotou Securities believes that in the short term, as the prices of key raw materials such as tungsten carbide powder continue to climb, the timing of price transmission from tool products to downstream end users is expected to accelerate, and for leading companies with low-cost raw material inventories, profit elasticity may be even more pronounced. In the medium to long term, the continued development of China’s advanced manufacturing industry and the strong demand for supply chains to be “independently controllable” will speed up the import substitution of the cutting tool industry.

Listed semiconductor industry companies all benefit from the development of the artificial intelligence industry. Aimu Technology Co., Ltd.-U said that it has been actively promoting deep integration of AI technologies with various industries, and its business scale has grown significantly compared with the same period last year. Hygon Information said that as market demand for domestic high-end chips rises with the increasing demand from the AI industry, market demand continues to grow. The company has increased its investment to expand the market footprint of its high-end processor products.

Net financing purchases exceed RMB 100 million for 11 stocks

According to statistics from Data Bao, as of March 31, since March, the total net financing purchase amount of the above 26 stocks reached RMB 3.731 billion. Among them, for 11 stocks, the net financing purchase amount exceeded RMB 100 million. Demingli, Oukeyi, and Xinrui Co., Ltd. ranked near the top, at RMB 2.476 billion, RMB 610 million, and RMB 503 million, respectively.

Demingli’s net financing purchases in March were RMB 2.476 billion. The company expects first-quarter attributable net profit to be RMB 3.15 billion to RMB 3.65 billion, achieving a turnaround from loss to profit. Since the second half of 2025, the AI industry has continued to maintain strong headwinds and high business conditions, driving storage chip companies’ pricing cycle to continue climbing. The company said that relying on ample raw material strategic reserves built in advance, its profitability has been continuously optimized, and profit levels have increased significantly.

Looking at performance in the secondary market, the stock price trends of companies that disclosed earnings forecasts have diverged markedly. Among companies with positive profit signals, the average stock price increase since March was 5.89%. Among them, Wanbangde, Demingli, and Kuncai Technology had the leading cumulative gains, at 76.88%, 45.49%, and 38.56%, respectively. By contrast, for companies whose year-on-year earnings declined, stock performance faced pressure, with an average drop of 10.45%.

（Source: Data Bao）