Weichong Corporation's stock price plummeted 15% following a shift from profit to loss in Q1 results.

Gelonghui reported on April 22 that Weichong Co., Ltd. (300508.SZ) plummeted by 15%, closing at midday at 32.83 yuan, hitting a four-month low, with a total market value of 3.57 billion yuan. According to the news, Weichong Co., Ltd. released its Q1 report on the evening of April 21, 2026, showing revenue of 117 million yuan for Q1 2026, a slight year-on-year decrease of 0.76%; net profit attributable to shareholders was a loss of 17.9283 million yuan, compared to a profit of 13.1156 million yuan in the same period last year. The first-quarter performance turned from profit to loss, mainly due to the drag of fair value change losses caused by fluctuations in securities market value; however, the core business did not incur any losses. Revenue in Q1 decreased only slightly year-on-year.

Gelonghui FinanceApr 22 11:39

Shanghai Weihong Electronic Technology: First Quarter Report 2026

SZSIApr 22 00:00 · Announcements

Weihong Co., Ltd. (300508.SZ): The company has been re-recognized as a high-tech enterprise.

Gelonghui, April 2nd – Weichong Corporation (300508.SZ) announced that the company recently received the 'High-tech Enterprise Certificate' jointly issued by the Shanghai Science and Technology Commission, the Shanghai Finance Bureau, and the Shanghai Taxation Bureau of the State Administration of Taxation. The certificate number is GR202531007531, issued on December 25, 2025, with a validity period of three years. This certification represents the re-certification following the expiration of the original 'High-tech Enterprise Certificate.' According to the 'Enterprise Income Tax Law of the People's Republic of China' and relevant national tax regulations for high-tech enterprises, this approval as a high-tech enterprise...

Gelonghui FinanceApr 2 22:25

Weihong Co., Ltd. (300508): Performance in Line with Expectations, Expansion into Core Robot Components as Second Growth Driver

Event: The company released its 2025 annual report. In 2025, the company achieved operating revenue of 546 million yuan, representing a year-on-year increase of 17.22%, and net profit attributable to shareholders of 87.8105 million yuan, reflecting a year-on-year decrease of 7.98%. The performance landed at

Pacific SecuritiesApr 2 00:00

Express News | Weihong Co., Ltd.: Häm Electronic's current products mainly refer to joint motors, with some customers entering the mass production stage.

BreakingsApr 1 08:46

Weihong Co., Ltd.: 2025 Annual Report

SZSIMar 31 00:00 · Announcements