Abstract: We analyzed the April 2026 earnings revisions of CSI 300 component stocks, estimating the index's 2026E EPS at 316.3 as of end-April, down -0.88% month-on-month from 319.1 in March, while the index itself rose 8.0% from 4,450 to 4,807. Individual stock EPS revisions attributed -¥3.04 to the index's EPS, with 86 stocks revised up versus 148 revised down. The largest positive contributor to index EPS was ZHONGJI INNOLIGHT (300308 CH, +¥1.05), driven by a 22.0% EPS upgrade and 50.6% price gain, while MUYUAN FOODS (002714 CH, -¥0.77), WENS FOODSTUFF (300498 CH, -¥0.72), and Moutai (600519 CH, -¥0.66) were the heaviest drags. On a stock EPS revision basis, the top upgrades were CHONGQING ZHIFEI BIOLOGICAL PRODUCTS (+513%), KUNLUN TECH (+222%), and GUANGZHOU AUTOMOBILE (+127%), while the steepest cuts were in Xinjiang Daqo (-97.8%), TONGWEI (-88.1%), and CHINA EASTERN AIRLINES (-56.6%).
KUNLUN TECH, CHINA EASTERN AIRLINES, TONGWEI, WENS FOODSTUFF, GIGADEVICE SEMICONDUCTOR, Moutai
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