Industrial Machinery and Supplies and Components

WUXI LEAD

Xlead Intelligent and Beijing Humanoid Robot Innovation Center Sign Strategic Cooperation Agreement

X 先导 g Intelligent Capable of Full Process Delivery for Sodium-ion Battery Manufacturing

BofA Securities Downgrades Profits Forecast but Raises Target Price for Winbond

BofAS Raises Lead Intelligent's Target Price to HKD 64 and Maintains Buy Rating

Xiao Dao Intelligent Announces Revenue and Net Profit Growth in Q1 2026

WUXI LEAD released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 3.691 B (forecast CNY 4.632 B), actual EPS CNY 0.26 (forecast CNY 0.48)

WUXI LEAD to Release FY2026 Q1 Earnings on April 28 During-Market (BJT), Forecast Revenue CNY 4.632 B, EPS CNY 0.48

Xiaodian Intelligent Announces 2025 Yearly Report with Significant Revenue and Profit Growth

BoA Securities Gives Sinomach X 先导智能 a Buy Rating with a Target Price of HKD 57

X 先导智能 Revenue and Profit Soar in 2025

先导智能 reports 2023 fiscal year net profit of 1.5598 billion yuan

Pandanus Associates Inc. reduced its shares in 先导智能 (00470)

LEAD INTELLIGENT released FY2025 earnings on March 30 Pre-Market (BJT), actual revenue CNY 14.44 B (forecast CNY 14.41 B), actual EPS CNY 1 (forecast CNY 1.0269)

WUXI LEAD released FY2025 Q4 earnings on March 30 Pre-Market (BJT), actual revenue CNY 4.005 B (forecast CNY 3.73 B), actual EPS CNY 0.24 (forecast CNY 0.1176)

LEAD INTELLIGENT to Release FY2025 Annual Earnings on March 30 After-Market (BJT), Forecast Revenue CNY 15.94 B, EPS CNY 1.0247

Citibank Initiates Coverage With Buy Rating on PowerSmart Technology

Lead Intelligent Exercises Over-allotment Option to Issue 400,000 H Shares

OPPO and X 先导智能 Collaborate on New Technology to Solve Fold Mark Issue in New Product

JPMorgan Securities (Asia) Excessively Allotted and Purchased Xlead Intelligent H Shares

JPMorgan Increases Holdings in Polypore Smart 740,600 Shares

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Citi has raised the target price for WUXI LEADfrom HKD62 to HKD67, maintaining a Buy rating. The company’s Board Secretary indicated that 2026 is unlikely to be the peak of the current upcycle due to capacity expansions and advancements in battery technology. New orders are expected to grow by 40-50% YoY, surpassing previous guidance. Solid-state battery orders are projected to reach RMB2 billion in 2026, with equal contributions from domestic and overseas customers.

AASTOCKS News

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi Raises WUXI LEAD  TP to HKD67; 2026 Unlikely to Be Upcycle Peak

BofAS has raised the target price for WUXI LEADfrom HKD57 to HKD64, maintaining a Buy rating. The company reported a 1Q revenue of RMB3.7 billion, a 19% YoY increase but 15% below expectations, with a gross margin of 33.6%. Net profit was RMB405 million, up 11% YoY but also below forecasts. WUXI LEAD anticipates margin improvement in the coming quarters as high-margin battery equipment orders are recognized. Earnings forecasts for 2026 and 2027 were lowered by 2% and 1%, respectively.

Bank of America

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

BofAS Raises WUXI LEAD  TP to HKD64, Company Guides for Margin Improvement

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.

Tip Ranks

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

Bank of America Securities initiated coverage on WUXI LEAD with a "Buy" rating and a target price of HKD 57, based on a 35 times projected price-to-earnings ratio for 2026. It is expected that China's battery capital expenditure will recover in the fourth quarter of 2024, and all-solid-state batteries will bring more equipment orders in the next five years. WUXI LEAD's stock price rose 9% today, currently reported at HKD 46.2, with a trading volume of 1.5399 million shares

AASTOCKS

WUXI LEAD's stock price rose 9%, receiving a "Buy" rating from Bank of America with a target price of 57 yuan

Wuxi Lead Profit Soars 482% on Strong 2025 Revenue Growth

Wuxi Lead Profit Soars 482% on Strong 2025 Revenue Growth

LEAD INTELLIGENT announced its 2025 annual results, with revenue of RMB 14.358 billion, an increase of 22% year-on-year. It recorded a net profit of RMB 1.564 billion, a growth of 446.6%, with earnings per share of RMB 1.01. The final dividend is 28.7 cents, compared to 5.6 cents in the same period last year

"Performance" WUXI LEAD's annual net profit is 1.564 billion RMB, an increase of 4.5 times, with a final dividend of 28.7 cents

LEAD INTELLIGENT announced that in 2025, its gross revenue was 14.443 billion yuan, a year-on-year increase of 21.83%. Net profit was 1.564 billion yuan, a year-on-year increase of 446.58%

Wallstreetcn

LEAD INTELLIGENT: 2025 Net Profit Reaches 1.564 Billion Yuan, a Year-on-Year Increase of 446.58%

LEAD INTELLIGENT announced that the overall coordinator partially exercised the over-allotment option on March 8, involving 400,000 shares, with an issue price of 45.8 yuan, resulting in additional net proceeds of 18 million yuan. At the same time, the stabilization period for the global offering has ended, during which J.P. Morgan Securities purchased 15,748,700 shares in the market, with a price per share ranging from 38.3 to 45.8 yuan

LEAD INTELLIGENT partially exercised the over-allotment option, ending the price stabilization period

Wuxi Lead Intelligent Equipment Co., Ltd. has partially exercised its over-allotment option in its Hong Kong Global Offering, with 400,000 additional H shares issued at HK$45.80 each. This represents 0.37% of the initial offer size. The stabilization period ended on March 8, 2026, with J.P. Morgan Securities acting as the stabilizing manager. Trading of the new shares is set to begin on March 11, 2026, concluding the post-IPO stabilization phase.

Wuxi Lead Partially Exercises Over-Allotment Option as IPO Stabilization Ends

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The Shanghai Stock Exchange and the Shenzhen Stock Exchange announced that the list of eligible securities for the Hong Kong Stock Connect will take effect on the 9th of this month, adding 42 stocks, including LEAD INTELLIGENT, DEEPEXI TECH, and BRIGHT SMART, while removing 25 stocks, such as Beijing Capital International Airport and Shenzhou Holdings. Montage Technology and LEAD INTELLIGENT were added due to the end of their price stabilization period, and Zhao Wei Electric was also included for meeting the criteria

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Guotai CSI All Share Investment Banking & Brokerage ETF

Montage Technology

Yinhua CSI All Share Investment Banking & Brokerage ETF

BRIGHT SMART

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

DEEPEXI TECH

The Hong Kong Stock Connect adjusts its stocks, adding 42 new shares, effective next Monday

WUXI LEAD(300450.SZ)

Citi Raises WUXI LEAD TP to HKD67; 2026 Unlikely to Be Upcycle Peak

BofAS Raises WUXI LEAD TP to HKD64, Company Guides for Margin Improvement

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

WUXI LEAD's stock price rose 9%, receiving a "Buy" rating from Bank of America with a target price of 57 yuan

Wuxi Lead Profit Soars 482% on Strong 2025 Revenue Growth

"Performance" WUXI LEAD's annual net profit is 1.564 billion RMB, an increase of 4.5 times, with a final dividend of 28.7 cents

LEAD INTELLIGENT: 2025 Net Profit Reaches 1.564 Billion Yuan, a Year-on-Year Increase of 446.58%

LEAD INTELLIGENT partially exercised the over-allotment option, ending the price stabilization period

Wuxi Lead Partially Exercises Over-Allotment Option as IPO Stabilization Ends

The Hong Kong Stock Connect adjusts its stocks, adding 42 new shares, effective next Monday