Banyuan Finance | Over 90% of A-share companies report positive earnings in Q1, with multiple sectors experiencing explosive growth

NightAirdropper · 2026-04-05T16:00:48+00:00

As of April 2, 2026, 32 A-share companies have disclosed first-quarter earnings forecasts, with a positive surprise rate exceeding 90%. Against the backdrop of steady macroeconomic recovery, explosive demand for AI computing power, and industry cycle upswings, the four major sectors—semiconductors, pharmaceuticals and biotech, non-ferrous metals, and high-end manufacturing—have become the main drivers of performance growth. Rising prices and quantities, domestic substitution, and policy dividends are the core driving forces.The impressive performance of first-quarter earnings forecasts echoes the previous public fund dividend wave of 53.55B yuan in the first quarter. Equity funds have become the main contributors to dividends, with broad-based ETFs distributing large dividends, reflecting the resilience of core asset profits and confirming that the growth in listed companies' performance provides solid support for fund returns.Industry insiders say that the first-quarter performance forecasts reflect increasing structural differentiation in the A-share market, with high-growth sectors and high-quality leading companies continuing to lead. As the AI industry advances and economic recovery deepens, companies with high performance growth are expected to continue attracting capital, becoming

NightAirdropper

2026-04-05 16:00:48

As of April 2, 2026, 32 companies in China’s A-share market have released their first-quarter earnings outlook, with a more-than-90% favorable results rate. Against the backdrop of steady macroeconomic recovery, an explosion in AI compute demand, and an upturn in industry cycles, four major sectors—semiconductors, biopharmaceuticals, nonferrous metals, and advanced manufacturing—have become the main drivers of earnings growth, with both volume and price rising, domestic substitution, and policy tailwinds serving as the core logic.

The impressive performance in the first-quarter earnings outlook echoes the earlier wave of dividend payouts by publicly offered funds in the first quarter, totaling 53.55B yuan. Equity funds have become the main force behind the dividends, while broad-based ETF products have delivered large dividends. This not only reflects the resilience of core assets’ profitability, but also confirms that rising listed-company performance provides solid support for fund returns.

Industry insiders say that the first-quarter earnings outlooks reflect intensifying differentiation in the A-share market’s structure—highly favorable sectors and quality leading companies continue to stay out front. As the AI industry progresses and economic recovery deepens, companies with high earnings growth are expected to receive continued investor attention and become the market’s main theme.

By / Beijing Youth Daily reporter Zhu Kaiyun

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