On April 14, Shenzhen Huaqiang disclosed that its net profit for the first quarter of 2026 is projected to range between RMB 190 million and RMB 232 million, marking an impressive year-on-year surge of 80% to 120%. Furthermore, the net profit attributable to shareholders, after excluding non-recurring items, is anticipated to experience growth exceeding 100% compared to the same period last year. The remarkable performance boost can be primarily ascribed to two key factors: Firstly, the company has capitalized on the burgeoning opportunities arising from the swift advancement of AI technology and the escalating demand for storage solutions. It has forged deeper collaborations with prominent upstream manufacturers of passive components, end-side SOC chip producers, storage vendors, and other relevant entities. By actively expanding its reach into downstream markets, the company has fueled growth in revenue generated from the authorized distribution of electronic components. Notably, the storage product line has emerged as the primary growth driver, with shipment value witnessing an approximate 250% year-on-year increase. Secondly, the company has efficiently catered to customers' spot purchase requirements, thereby propelling substantial year-on-year growth in revenue derived from long-tail procurement of electronic components, with an estimated rise of around 300%.