Hisense Acquires Dachi Electric, Signs Strategic Agreement with Shuifa Group

April 27 news, according to Hisense Group, recently, Hisense successfully acquired three companies including Dachi Electric from Shuifa Group. On April 27, Hisense Group and Shuifa Group signed a strategic cooperation agreement, under which both parties will engage in comprehensive and in-depth cooperation across areas such as intelligent manufacturing, AI+, and overseas markets within the energy sector.

Ningbo State-owned Assets, Midea Group, and Others Establish Venture Capital Partnership

April 28 news, according to the Qichacha App, recently, Meiyi Chanrong Sihe (Ningbo) Venture Capital Partnership (Limited Partnership) was established with a capital contribution of 600 million yuan, with its business scope including venture capital. Qichacha equity penetration shows that the partnership is jointly held by Zhejiang Free Trade Zone (Ningbo) New Dynamic Energy Industry Investment Fund Partnership (Limited Partnership), Ningbo Tongshang Venture Capital Partnership (Limited Partnership), and Midea Group's (000333) subsidiary Midea Venture Capital Management Co., Ltd., among others.

Hon Hai and Mitsubishi Electric Sign MOU to Further Advance Automotive Market Presence

On April 24, Hon Hai announced that it has signed a Memorandum of Understanding (MOU) with Japan's Mitsubishi Electric Corporation. The two parties will conduct a feasibility assessment of a strategic alliance regarding a joint operation model for automotive equipment business. As part of the MOU, both parties will also evaluate joint operation plans including the transfer of 50% of Mitsubishi Electric Mobility Corporation's shares to Hon Hai. Hon Hai added that the formal conclusion of this case is still subject to agreement on commercial terms between the parties in the future. Subsequent cooperation details will be based on further negotiations and the signing of formal contracts, and must comply with all relevant laws, regulations, and the relevant provisions of competent authorities.

Green Feather and Midea Group Officially Sign Strategic Cooperation Agreement

Recently, Shanghai Green Feather and Midea Group officially signed a strategic cooperation agreement, under which Green Feather will provide Midea Group with exclusive underfloor heating insulation materials. The two parties will engage in in-depth collaboration across multiple dimensions, including exclusive product supply and channel empowerment, to jointly create more efficient, healthier, and more standardized underfloor heating system solutions.

Haier Smart Home Nominates New Independent Director

Haier Smart Home (600690.SH) announced that current independent non-executive director Wang Keqin, whose term is about to expire after six years, will no longer hold any position in the company after the shareholders' meeting elects a replacement; the board of directors has nominated Xiao Yaoxi as a candidate for independent non-executive director of the 12th Board of Directors, with a term consistent with that of the 12th Board of Directors. This proposal will be submitted to the 2025 Annual Shareholders' Meeting for review and voting.

Lvdaofeng's 2025 Annual Revenue Reaches 557 Million Yuan, Down 7.38% Year-on-Year

On April 28, Lvdaofeng (301043.SZ) announced that its 2025 annual revenue was 557 million yuan, a decrease of 7.38% year-on-year; net profit attributable to shareholders of the listed company was 68.5522 million yuan, a decrease of 34.71% year-on-year; basic earnings per share were 1.01 yuan/share, a decrease of 34.42% year-on-year.

Invotech's 2025 Net Profit Reaches 36.2831 Million Yuan, Down 51.08% from the Previous Year

On April 28, 2026, Invotech released its 2025 annual report. The company's total operating revenue was 568 million yuan, ranking 149th among peer companies that have disclosed results, a decrease of 28.3292 million yuan from the same reporting period last year, representing a 4.75% year-on-year decline. Net profit attributable to the parent company was 36.2831 million yuan, ranking 141st among peer companies that have disclosed results, a decrease of 37.8823 million yuan from the same reporting period last year, representing a 51.08% year-on-year decline. Net cash flow from operating activities was 31.6022 million yuan, ranking 164th among peer companies that have disclosed results, a decrease of 19.7086 million yuan from the same reporting period last year, representing a 38.41% year-on-year decline.

Vanward Electric's 2025 Net Profit Attributable to Parent Company Falls 67.2% to 216 Million Yuan

On April 27, Vanward Electric announced its 2025 annual report. The company's operating revenue was 7.23 billion yuan, a decrease of 1.5% year-on-year; net profit attributable to the parent company was 216 million yuan, a decrease of 67.2% year-on-year; core net profit attributable to the parent company was 274 million yuan, a decrease of 58.2% year-on-year; net cash flow from operating activities was 286 million yuan, a decrease of 53.7% year-on-year; EPS (fully diluted) was 0.29 yuan. In the fourth quarter alone, the company's operating revenue was 1.70 billion yuan, a decrease of 19.1% year-on-year; net profit attributable to the parent company showed a loss of 264 million yuan, a decrease of 229.4% year-on-year; core net profit attributable to the parent company showed a loss of 207 million yuan, a decrease of 247.1% year-on-year; EPS was -0.3544 yuan.

Vantage's Q1 Revenue Falls 5.9%, Net Cash Flow from Operating Activities -256 Million Yuan

On April 27, Vantage (002035) announced its 2026 first-quarter report. The company's operating revenue was 1.19 billion yuan, a decrease of 5.9% year-on-year; net profit attributable to the parent company was 101 million yuan, a decrease of 4.9% year-on-year; core net profit attributable to the parent company was 96.68 million yuan, a decrease of 6.9% year-on-year; net cash flow from operating activities was -256 million yuan, a decrease of 229.2% year-on-year; EPS (fully diluted) was 0.1193 yuan. As of the end of the first quarter, the company's total assets stood at 6.789 billion yuan, down 4.6% from the end of the previous year; net assets attributable to the parent company were 3.849 billion yuan, an increase of 0.5% from the end of the previous year.

Leo Group: Q1 Net Profit 31.2623 Million Yuan, Down 71.06% Year-on-Year

On April 28, Leo Group announced that in the first quarter of 2026, the company achieved operating revenue of 5.101 billion yuan, an increase of 7.18% year-on-year; net profit attributable to shareholders of the listed company was 31.2623 million yuan, a decrease of 71.06% year-on-year.

Dajin Heavy Industry: Q1 Net Profit Up 88.19% Year-on-Year

On April 27, Dajin Heavy Industry announced that in the first quarter of 2026, it achieved operating revenue of 1.907 billion yuan, an increase of 67.17% year-on-year; net profit attributable to shareholders of the listed company was 435 million yuan, an increase of 88.19% year-on-year. The performance change is mainly attributed to an increase in overseas business deliveries compared to the previous period. (Note: Company Q1 net profit was 435 million yuan, compared to 216 million yuan in Q4 2025; based on this, Q1 net profit increased 101% quarter-on-quarter.)

Devotion's Single-Quarter Net Profit in Q1 Fell 16.05% Year-on-Year

Devotion's 2026 first-quarter report shows that in the first quarter, the company's main operating revenue was 203 million yuan, a decrease of 7.59% year-on-year; net profit attributable to the parent company was 16.0705 million yuan, a decrease of 16.05% year-on-year; core net profit was 14.6149 million yuan, a decrease of 21.21% year-on-year; liability ratio was 27.06%; investment income was 2.3729 million yuan; financial expenses were 195,100 yuan; gross margin was 31.12%.