Krypton Evening News | Weibo: Total revenue in the first quarter was $421.3 million, a year-on-year increase of 6%; iFlytek released iFlytek AI glasses; Japanese space company AstroX plans to launch a rocket from a balloon
Large companies:
Green Bio Passes the IPO Review for the Growth Enterprise Market
36Kr learned that the Listing Review Committee of the Shenzhen Stock Exchange held its 27th Listing Review Committee Meeting in 2026. The review results show that the initial public offering of Green Bio Technology Co., Ltd. meets the issuance conditions, listing conditions, and information disclosure requirements.
Chenguang Stationery Co., Ltd.: Plans to Repurchase Shares Worth 500 million to 1 billion yuan for Equity Incentive or Employee Stock Ownership Plan
36Kr learned that Chenguang Stationery Co., Ltd. announced that the company plans to repurchase shares through centralized competitive bidding with its own funds. The total repurchase funds shall be no less than 500 million yuan (inclusive) and no more than 1 billion yuan (inclusive), and the repurchase price shall not exceed 35 yuan per share. The repurchased shares will be used for equity incentive or employee stock ownership plan, and the repurchase period shall be within 12 months from the date of approval by the board of directors.
CCCC: Affiliated companies plan to participate in the establishment of a transportation information technology fund worth 1 billion yuan
36Kr learned that CCCC announced that its affiliated companies CCCC Capital and CCCC Dingxin, together with ICBC Capital as dual GPs, plan to jointly initiate the establishment of CCCC ICBC Transportation Information Technology (Chongqing) Venture Capital Fund, with a fund size of 1 billion yuan. Among them, the company's affiliated companies will subscribe for a total of 200 million yuan, the affiliated company CICT Group will subscribe for 200 million yuan, the ICBC system will subscribe for a total of 300 million yuan, and the Chongqing Industrial Mother Fund will subscribe for 300 million yuan. The fund mainly invests in fields such as intelligent transportation, intelligent construction, and low - altitude economy, and will not be included in the company's consolidated financial statements. This transaction constitutes a related - party transaction with an amount of approximately 200 million yuan and has been approved by the board of directors.
Weibo: Total revenue in the first quarter was $421.3 million, a year-on-year increase of 6%
36Kr learned that on May 28th, Weibo released its financial report for the first quarter of 2026. The financial report shows that in the first quarter, Weibo's total revenue was $421.3 million (equivalent to approximately RMB 2.901 billion), a year-on-year increase of 6%. Among them, advertising revenue was $369.8 million (equivalent to approximately RMB 2.544 billion), a year-on-year increase of 9%. The adjusted operating profit in the first quarter was $119.8 million (equivalent to approximately RMB 818 million), and the adjusted operating profit margin reached 28%. In terms of users, as of the end of the first quarter, Weibo's monthly active users reached 562 million, and daily active users reached 254 million.
XPeng Motors: Revenue in Q1 Reached 13 Billion Yuan, a 17.6% Year-on-Year Decline
36Kr learned that XPeng Motors released its financial report for the first quarter of 2026. The report shows that the revenue in the first quarter was 1.303 billion yuan, a 17.6% year-on-year decline; the net loss in the first quarter was 1.78 billion yuan, compared with a loss of 660 million yuan in the same period last year; the gross profit margin was 20.6%. XPeng Motors expects its revenue in the second quarter to be between 19.6 billion and 20.8 billion yuan. In addition, the total vehicle delivery volume in the first quarter of 2026 was 62,682 units, a 33.3% year-on-year decline; it is expected that the vehicle delivery volume in the second quarter will be between 100,000 and 106,000 units.
Topsports Releases FY2025/26 Results: Revenue Reaches 25.74 Billion Yuan
36Kr learned that on May 27, Topsports released its full-year performance announcement for FY2025/26. The announcement shows that from March 1, 2025, to February 28, 2026, Topsports achieved an operating revenue of 25.74 billion yuan, a net profit of 1.27 billion yuan, and had bank balances and cash of 2.07 billion yuan, maintaining an ample level. As of the end of the fiscal year, the number of Topsports' partner brands had exceeded 20, and the user scale reached 92.9 million.
Investment and Financing:
"Shanyan Data" Completes Hundreds of Millions of Yuan in Series D Financing
36Kr learned that on May 27th, "Shanyan Data" announced the completion of hundreds of millions of yuan in Series D financing. This round of financing was led by the Changsheng Industry Fund under the Futian Capital Operation Group, with the Hunan Small and Medium-sized Second-phase Fund of Fortune Capital following up. Relying on the funds from this round, Shanyan Data will comprehensively promote the strategic upgrade of AI-native data infrastructure and industry digital intelligence solutions, continuously increase investment in key technology R & D, accelerate the layout in key industries and global markets, deepen the implementation of diverse application scenarios, and build a globally competitive talent system.
New Products:
Meituan Launches First AI Solution “Morning Glory Claw” Exclusive for Instant Retail Merchants
36Kr learned that on May 27th, Meituan launched the industry's first full - scale AI solution, “Morning Glory Claw”. Aiming at the three pain points of merchants, namely “high cost of multi - store management”, “difficulty in refined operation” and “low level of business strategies”, it provides a comprehensive solution of “AI services + AI system” and offers services to all instant retail merchants, brands and all participants in the upstream and downstream of the industrial chain in the entire industry.
iFlytek Launches iFlytek AI Glasses
36Kr learned that iFlytek has launched a new pair of iFlytek AI glasses, priced at 4,299 yuan. According to the introduction, these glasses support real - time translation of 122 languages, covering all scenarios such as simultaneous interpretation, face - to - face translation, online simultaneous interpretation, and call translation. In addition, the glasses are equipped with an AI agent called "GlassClaw", which supports multi - modal recording, meeting minutes, and the invocation of life services, and can independently complete information collection, solution generation, and email distribution.
Today's Views:
Bank of England Deputy Governor Briden: Hedge funds are an important source of demand for UK government bonds
It is reported that Bank of England Deputy Governor Briden said that hedge funds are an important source of demand for UK government bonds. (Yicai Global)
Other news worthy of attention:
The State Council Issues the "15th Five-Year Plan" for Urban Renewal
The State Council recently issued the "15th Five-Year Plan" for Urban Renewal, clarifying the goals, key tasks, major projects, and policy measures for urban renewal work during the "15th Five-Year Plan" period. The plan emphasizes adhering to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the guide, fully, accurately, and comprehensively implementing the new development concept, adhering to the general principle of making progress while maintaining stability, adhering to the people - centered approach, adhering to the systematic concept, adhering to planning guidance, adhering to coordinating development and security, adhering to the principle of giving top priority to protection, protecting everything that should be protected, and promoting protection through utilization. It also advocates adapting measures to local conditions, providing classified guidance, doing one's best while acting within one's capabilities, establishing a sustainable urban renewal system, mechanism, policies, and regulations, and promoting urban renewal with high quality to provide a solid foundation for building a modern people - centered city. (Xinhua News Agency)
Japanese space company AstroX plans to launch a rocket from a balloon
Japanese space company AstroX recently announced a plan to launch a rocket from a balloon floating in the stratosphere at an altitude of 20 to 25 kilometers as early as December to reach space at an altitude of 100 kilometers. AstroX plans to conduct balloon launch tests and stratospheric ignition tests before December. (Jiemian)