On the evening of April 27, 2026, Qingdao CHOHO Industrial Co., Ltd. (003033.SZ) disclosed its first-quarter report for 2026. During the reporting period, the company achieved operating revenue of 419 million yuan, a year-on-year increase of 6.15%, marking the first time since its listing that first-quarter revenue exceeded 400 million yuan; the net profit attributable to shareholders was 32.91 million yuan, a year-on-year decrease of 38.87%. The announcement pointed out that the decline in net profit was mainly due to a reduction in government subsidies compared to the same period last year. After excluding the impact of non-recurring gains and losses, the company's net profit after deducting non-recurring items slightly increased year-on-year, indicating that the core business remained stable.

The board reshuffle announcement disclosed at the same time showed that the inclusion of two leading technology scholars, Professor Chen Weidong, former head of the Department of Automation at Shanghai Jiao Tong University and current Executive Vice President of the Medical Robotics Research Institute, and Wang Wenguan, a researcher in the AI Hundred Talents Program at Zhejiang University, injected new technological momentum into the board and opened up imaginative space for development in the technology sector. From the steady growth of the core business to the renewal of the governance structure, CHOHO Industrial, as a global leader in chain system technology, is gradually unfolding its path to accelerate its extension into the frontier technology tracks of embodied intelligence and artificial intelligence.

The announcement indicated that the net profit attributable to shareholders in the first quarter of 2026 decreased by 38.87% year-on-year, mainly due to the reduction in government subsidies during the period. In the same period of 2025, the company recognized approximately 23 million yuan in government subsidies, significantly raising the profit base. After excluding non-recurring gains and losses, the company's net profit after deducting non-recurring items for the first quarter was 31.11 million yuan, a slight increase of 2.80% compared to 30.26 million yuan in the same period last year. This indicates that the profitability of the three core sectors—vehicle chain, agricultural machinery chain, and industrial equipment chain—remained stable, and the fundamentals of the core business did not weaken due to short-term disturbances.

Furthermore, in addition to the visible factor of the timing of government subsidies, the profit in the first quarter was also affected by the fluctuation of exchange rates, the recovery of government land deposits in the previous period, and strategic new business R&D investments. If these factors are adjusted, the company's core operating profit in the first quarter was significantly better than the reported performance, and the quality of core business profitability remained in a healthy range.

Independent Director Reshuffle Two Leading Technology Scholars Join

The nomination of three independent director candidates disclosed in the board reshuffle announcement coinciding with the quarterly report is noteworthy. In addition to accounting professional Ms. Wang Zhenjie, Professor Chen Weidong is currently a professor at the School of Automation and Perception at Shanghai Jiao Tong University and Executive Vice President of the Medical Robotics Research Institute, with a long-term focus on robotics and intelligent systems; Researcher Wang Wenguan is a researcher in the AI Hundred Talents Program at Zhejiang University, having previously worked at internationally renowned institutions such as the UAE Origin Artificial Intelligence Research Institute and ETH Zurich, focusing on artificial intelligence and computer vision. According to publicly available information, Wang Wenguan has received honors such as the National Excellent Young Fund (Overseas) and the Damo Academy Qicheng Award.

The academic accumulation of these two scholars in robotic engineering and AI algorithms resonates with the technical direction of the company's dexterous hand business. Including frontier technology experts in the board not only optimizes the governance structure but also provides professional support for key decisions in emerging businesses regarding technological route judgment and industry-university-research cooperation. The reshuffle of independent directors reflects the advancement of strategic layout, while CHOHO Industrial's substantive actions in the field of embodied intelligence are gradually turning this layout into products and orders In January 2026, the company launched the world's first chain-driven dexterous hand, CHOHO Hand, which boasts advantages such as high load capacity, high resistance, high precision, high energy efficiency, and low cost. This represents a key technological breakthrough in transforming thirty years of chain drive precision engineering into a dexterous execution end, marking a significant product delivery from a component supplier to a provider of intelligent core component solutions. On the industrialization front, the company has established partnerships with leading domestic enterprises such as Zhuoyide Robotics, Zhiyuan Robotics, and Xingyuan Intelligent Robotics.

Additionally, the company is advancing its private placement plan, focusing on the integrated research and development of micro chain systems in both hardware and software. Chairman Jin Yumo previously outlined a five-year strategic goal: to rank among the top in the dexterous hand field in China and the world by 2030, concentrating on three major directions: product iteration, ecological expansion, and global layout, completing the industrial upgrade from chain systems to embodied intelligent core components.

The high precision, high wear resistance, and high reliability required for precision manufacturing of chain drives are closely aligned with the performance standards of robotic dexterous hands and joint actuators. The company's thirty years of accumulation in the chain system field provides a solid engineering capability foundation for cross-industry layout, which is also its core advantage distinguishing it from typical entrants.

Industry insiders point out that the company's non-recurring net profit in the first quarter has shown steady growth, and its main business continues to perform steadily. The board of directors has introduced two independent director candidates from the robotics and AI fields, and the dexterous hand business is gradually entering practical application scenarios, with the private placement project also progressing steadily. With support for its main business and progress in new ventures, CHOHO is in a transitional phase where new and old driving forces are gradually connecting, and the acceleration and implementation of its transformation process are worth continued market attention