WUXI LEAD's stock experienced a significant decline of 9.38% during intraday trading on Wednesday, as the market reacted negatively to the company's latest quarterly results.

The company reported its Q1 2026 earnings, revealing a notable divergence between revenue and profit performance. While revenue reached approximately 3.691 billion yuan, marking a 19.11% year-over-year increase and a record high for a first quarter, net profit attributable to shareholders grew only 10.99% to 405 million yuan. This profit growth significantly lagged behind the top-line expansion.

The underwhelming earnings were attributed to a decline in gross margin to 33.61%, primarily due to the concentrated delivery of older, lower-margin orders. Furthermore, profitability was weighed down by a one-time foreign exchange loss of approximately 82.8 million yuan related to the conversion of H-share fundraising proceeds. Against the backdrop of the company's valuation, this earnings miss triggered substantial selling pressure in the market.