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
A monthly review of consensus earnings revisions for CSI 300 constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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