Digital New Energy DataBM. Com noted that on the evening of April 22, 10 businesses were involved in ". Eight companies made profits in the first quarter of this year. The net profit of two enterprises increased compared with the first quarter of 2025. Among the remaining two companies that lost money in the first quarter, Saifutian's net profit in the first quarter of this year turned from profit to loss year on year.
Details are as follows:
Hengdian Dongci achieved a total revenue of 5.4792 billion yuan in the first quarter of 2026, a year-on-year increase of 4.92% and a month-on-month increase of 9.05%; Net profit was 385.9 million yuan , down 15.76% year-on-year and 3.22% year-on-year; Net profit after deduction of non-profits was 317.3 million yuan, a year-on-year decrease of 30.
For the decline in net profit in the first quarter of this year, Hengdian Dongci explained: "The main reason is that the RMB appreciated against the euro and the US dollar during the reporting period." The company's purchasing and sales business settled in foreign currencies resulted in large exchange losses, resulting in a year-on-year decline in profits.
Ganzhao Optoelectronics Co., Ltd .: Achieve operating income of 4.RMB0.091 billion, down by 47.27% year-on-year and 37.13% month-on-month; Net profit was 29 million 600 thousand yuan , an increase of 6.58% over the same period, an increase of 11.01% ; Deducting non-net profit loss of 24 million yuan, from profit to loss, the range reached 220.
Ottway : In the first quarter of 2026, the total revenue was 1.0324 billion yuan , down 33.01% year-on-year. The net profit was 85.1 million yuan , down 35.42% year-on-year and up 56.23% month-on-month; Net profit after deduction of non-profits was 38.9 million yuan, down 65 from the same period last year.
For the decline in revenue in the first quarter of this year, Ottway said that it was mainly due to the decline in revenue recognized by the company's products in the current period.
Levima Shinco achieved a total revenue of 2.2457 billion yuan in the first quarter, up 45.93% year-on-year and 26.92% quarter-on-quarter; Net profit was 144.7 million yuan , up 102.67% year-on-year and 97.44% year-on-year; Net profit after deduction of non-profits was RMB146.9 million, representing a year-on-year increase of 109.
Regarding the outstanding performance in the first quarter of this year, Lianhong Xinke said that during the reporting period, the production capacity of some new production units was released , the sales volume of products increased, and the profits were gradually contributed. At the same time, the profitability of the company's main products has improved.
Qibin Group achieved operating income of 3.568 billion yuan in the first quarter of this year, an increase of 2.41% over the same period last year and a decrease of 9.83% over the previous quarter; Net profit was 13.1 million yuan , down 97.21% year on year. The ring ratio turned losses into profits (the company's net profit loss in the fourth quarter of 2025 was 296.1 million yuan);
For the decline in net profit, Qibin Group said that it was mainly due to the relocation of wholly-owned subsidiaries in the same period last year. Sale of assets to complete the transaction recognition of gains 4.
At the same time, the company explained that the reasons for the substantial loss of non-net profit deduction were mainly float Silver Star Energy : In the first quarter, the Company achieved an operating income of RMB 309.7 million, a year-on-year increase of 0.20% and a quarter-on-quarter decrease of 7.35%;"; Net profit reached 55.5 million yuan , down 23.55% from the same period last year. The ring ratio turned losses into profits (the company's net profit loss in the fourth quarter of 2025 was 193 million yuan); Net profit after deduction of non-profits was RMB55 million, representing a year-on-year decrease of 23.
Lixin Energy achieved a total revenue of RMB264.9 million in the first quarter of this year , representing a year-on-year increase of 22.20% and a month-on-month increase of 20.46%; The net profit was RMB0.063 billion , turning from loss to profit on a year-on-year and quarter-on-quarter basis. The net profit after deduction of non-profits was RMB0.03 billion.
Tianneng Heavy Industries Co. , Ltd.: achieved operating income of 812.4 million yuan in the first quarter, a year-on-year increase of 43.92% and a month-on-month decrease of 43.76%; Net profit was 33.9 million yuan , down 25.85% year-on-year and up 33.79% month-on-month; Net profit after deduction of non-profits was RMB34.1 million, representing a year-on-year decrease of 19.
Saifutian : Operating income in the first quarter of this year was RMB262.5 million , representing a year-on-year decrease of 24.84% and a month-on-month increase of 128.38%; Net profit loss was 0.048 , turning from profit to loss on a year-on-year basis and reducing losses on a month-on-month basis;
For the year-on-year decline in net profit, Saifutian said that due to the impact of market conditions and the upgrading and transformation of photovoltaic production lines, the company's revenue decreased, resulting in a decrease in net profit.
* ST King Kong : Revenue in the first quarter was 68.2 million yuan , down 6.73% year-on-year and 31.29% month-on-month; Net profit loss was 63.7 million yuan , a year-on-year reduction of 49.57% , and the ring ratio turned from profit to loss ; The loss after deducting non-net profit was RMB64 million, representing a year-on-year decrease of 49.
As for the narrowing of the loss margin of net profit and non-net profit deduction, the company explained: "After cost reduction, efficiency enhancement and restructuring, the debt level is reduced, and the interest cost is reduced.".
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