Wuxi Lead Posts Double-Digit Q1 2026 Growth and Strengthens Balance Sheet

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2026.04.28 13:27
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Wuxi Lead Intelligent Equipment Co., Ltd. reported a 19.11% increase in Q1 2026 revenue to RMB 3.69 billion and a 10.99% rise in net profit to RMB 405 million. Operating cash flow surged 44.38% to RMB 1.25 billion, indicating improved efficiency. Total assets grew 18.98% to RMB 46.49 billion, while owners' equity rose 35.99% to RMB 17.87 billion, strengthening the balance sheet. Analysts rate the stock as a Buy with a target price of HK$50.80, reflecting confidence in the company's growth potential in the intelligent equipment sector.