April's top stocks are announced! These 10 stocks are highly recommended by brokerages, with three main themes emerging.

Ask AI · How the explosive demand for AI computing power is reshaping the competitive landscape of leading optical module companies?

In April 2026, brokerage “gold stocks” are gradually emerging. According to Wind data, as of April 1, a total of 217 stocks have been selected as brokerage “gold stocks,” with higher recommendation frequencies for Zhongji Xuchuang, TCL Electronics, China Stone, Zijin Mining, Anjoy Foods, WuXi AppTec, CATL, Satellite Chemical, BYD, and CNOOC, each recommended at least 4 times.

Among these 10 favored “gold stocks,” the core logic behind the brokerage’s April deployment clearly points to industry leaders with high earnings certainty, deep technological barriers, or those directly benefiting from fluctuations in commodity prices.

First, Technology and High-End Manufacturing remain the top priorities. Represented by Zhongji Xuchuang, CATL, and BYD, the logic directly targets AI computing infrastructure, global energy transition, and new productivity. Zhongji Xuchuang is positioned as a core beneficiary of AI computing power with its 800G/1.6T optical modules expanding; CATL leverages its global share of power batteries and profit breakthroughs in battery swapping; BYD relies on fast-charging tech to kick off new product cycles. All are in high-growth sectors with leading global technological barriers.

Second, Resource commodities and raw materials valuation reappraisal has become another main theme. Zijin Mining, CNOOC, Satellite Chemical, and China Stone’s recommendation logic is closely linked to global commodity price fluctuations and supply-demand patterns. Zijin benefits from tight copper supply-demand; CNOOC directly gains from rising oil prices; Satellite Chemical stands out with its integrated light hydrocarbon cost advantages; China Stone relies on new energy demand, demonstrating resilience at the industry cycle bottom.

Finally, Consumer and Pharma sectors focus on the recovery and structural opportunities of leading companies. Anjoy Foods benefits from consumption revival, with its pre-made dishes continuously optimizing structure; WuXi AppTec, as a global CRDMO leader, with large on-hand orders and rapid growth in peptide business, secures future growth certainty; TCL Electronics benefits from both consumer electronics recovery and high-end display technology upgrades.

1. Zhongji Xuchuang: Core beneficiary of AI computing power, solidified position as optical module leader

1. Main Business and Key Products
A globally leading manufacturer of high-end optical communication transceivers, with high-end optical transceiver revenue reaching 1.6T yuan in 2025, accounting for over 98% of total revenue. The company has deeply deployed 800G/1.6T high-speed optical modules, directly benefiting from the explosive growth in global AI computing demand.

2. Business Model and Competitive Barriers
Centered on “technology R&D + scale manufacturing,” building a full industry chain covering silicon photonics, CPO, and other frontier technologies. Core barriers include: ① Leading global market share in optical modules, with strong technological iteration capability; ② Deep integration with global AI giants like NVIDIA and Google; ③ First-mover advantage in 800G and above high-speed optical modules.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Up 6.63% in the past month, with a turnover rate of 62.03%, and active trading. Recommendation logic: ① Continuous explosion in AI computing power demand, with 800G optical modules entering volume-up phase; ② Predicted 2026 net profit of 37.46B yuan, up 91%; ③ Obvious technological lead, with 1.6T modules expected to be mass-produced first.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 22.17B yuan, corresponding to a P/E ratio of 28.55x, PEG of 0.27, attractive valuation. Rated “Buy” by 33 brokerages, with a consensus target price of 702.82 yuan. Main risks include technological iteration risks and intensified competition.

2. TCL Electronics: Leader in smart IoT ecosystem, steady growth in display business

1. Main Business and Key Products
A globally leading smart technology company, with total revenue of 22.17B yuan in 2025, with 97.29% from smart hardware and internet devices, and 2.71% from internet services. Core products include smart TVs, display panels, etc.

2. Business Model and Competitive Barriers
Adopts “brand-led + cost advantage” strategy, building a comprehensive “smart IoT ecosystem.” Barriers include: ① Leading global TV market share, strong brand influence; ② Vertical integration of the industry chain, strong cost control; ③ Continuous investment in high-end display tech like Mini LED and OLED.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Up 3.91% in the past month, with a turnover rate of 8.56%. Recommendation logic: ① Clear recovery trend in consumer electronics, rising demand for high-end displays; ② Predicted 2026 net profit of 114.58B yuan, up 18%; ③ Increasing proportion of internet business revenue, improving profitability.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 2.95B yuan, P/E ratio of 10.91x, PEG of 0.60, valuation at a historical low. Rated “Buy-” by 20 brokerages. Risks include panel price fluctuations and weaker-than-expected consumer demand.

3. China Stone: Leader in fiberglass industry, growth supported by new energy demand

1. Main Business and Key Products
The world’s largest manufacturer of fiberglass yarn and products, with main revenue of 2.95B yuan in 2025, total revenue of 18.35B yuan. Fiberglass products widely used in wind blades, automotive lightweighting, electronic substrates, etc.

2. Business Model and Competitive Barriers
Centered on “scale advantage + technological leadership,” with global capacity deployment. Barriers include: ① Largest global fiberglass capacity, significant economies of scale; ② Leading in high-end applications like wind power and automotive; ③ Strong cost control, industry-leading gross margin.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Down 10.10% in the past month, mainly due to industry cycle. Logic: ① Continuous growth in new energy demand, high wind power installation; ② Predicted 2026 net profit of 18.88B yuan, up 53%; ③ Industry concentration rising, leading companies gaining advantage.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 5.24B yuan, P/E ratio of 18.59x, PEG of 0.31, reasonable valuation. Rated “Buy-” by 24 brokerages, with a target price of 30.16 yuan. Risks include overcapacity and raw material price fluctuations.

4. Zijin Mining: Global mining leader, resource reserves with high value

1. Main Business and Key Products
A leading multinational mining group, with 2025 revenue of 5.24B yuan and net profit of 349.08B yuan. Core products include copper, gold, zinc, lithium, with copper being the largest.

2. Business Model and Competitive Barriers
Centered on “resource reserves + technological advantage,” with mining investments in 17 countries. Barriers: ① Leading global copper and gold reserves; ② “Ore flow five rings in one” management model, high operational efficiency; ③ Active layout in new energy metals like lithium.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Down 17.27% in the past month, mainly affected by commodity price fluctuations. Logic: ① Tight copper supply-demand, high copper prices expected to persist; ② Predicted 2026 net profit of 75.33 billion yuan, up 18%; ③ Lithium projects coming online, contributing to growth.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 75.33 billion yuan, P/E ratio of 11.55x, PEG of 0.25, highly attractive valuation. Rated “Buy” by 21 brokerages, with recent buy ratings. Risks include sharp declines in commodity prices.

5. Anjoy Foods: Leader in frozen foods, beneficiary of consumption recovery

1. Main Business and Key Products
A leading domestic frozen food manufacturer, with 2025 revenue of 63.82B yuan. Key products include frozen prepared foods (8.45 billion), frozen dishes (16.19B), frozen noodles and rice (2.4 billion).

2. Business Model and Competitive Barriers
Centered on “channel deepening + product innovation,” building a full-channel network covering supermarkets, catering, e-commerce. Barriers: ① Frozen food industry leader, high brand recognition; ② Dual drive of B2B and B2C, strong risk resistance; ③ Rapid growth in pre-made dishes, product mix optimization.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Down 2.76% in the past month, with a turnover rate of 32.12%. Logic: ① Clear consumption recovery trend, steady growth in frozen food demand; ② Predicted 2026 net profit of 1.605 billion yuan, up 17%; ③ Increasing share of pre-made dishes, improving profitability.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 1.605 billion yuan, P/E ratio of 19.36x, PEG of 1.07, valuation reasonable. Rated “Buy-” by 33 brokerages, with a target price of 98.21 yuan. Risks include raw material cost increases and intensified competition.

6. WuXi AppTec: Global CRDMO leader, high growth driven by new molecules

1. Main Business and Key Products
A leading global CRDMO (Contract Research, Development, and Manufacturing Organization) platform, with 2025 revenue of 4.82B yuan, up 15.8%. Core businesses include chemical (1.61B, 80.22%), testing (1.61B, 8.89%), biology (45.46B, 5.89%). TIDES (oligonucleotides and peptides) revenue surged 96%, becoming a growth driver.

2. Business Model and Competitive Barriers
Centered on “integrated, end-to-end” CRDMO, building a full-chain service network from drug discovery to commercialization. Barriers: ① Global capacity layout (over 4 million liters of small molecule APIs, peptide solid-phase synthesis over 100k liters); ② “Follow-the-molecule” strategy enabling efficient conversion (310 molecules successfully transitioned from R&D to D in 2025); ③ Global quality system (741 audits in 2025, no serious findings).

3. Recent 1-Month Performance and April “Gold Stock” Logic
Barely up 0.09%, with a turnover rate of 30.66%. Recommended as a “gold stock” by 4 brokerages, 3 more than last month. Logic: ① On-hand orders of 58 billion yuan, up 28.8%, ensuring future growth; ② Rapid growth in TIDES, peptide synthesis capacity expansion; ③ Early-stage business recovery, chemical discovery revenue narrowed to 3.8%; ④ Expected 2026 operating revenue growth of 18-22%, capex up to 6.5-7.5 billion yuan.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 36.47B yuan, P/E ratio of 17.60x, PEG of -1.34 (reflecting high growth). Adjusted Non-IFRS net profit margin at 32.9%, up 5.9 percentage points. Risks include geopolitical factors and increased capital expenditure.

7. CATL: Global leader in power batteries, breakthrough in battery swapping

1. Main Business and Key Products
Leading global power battery system provider, with 2025 revenue of 4.04B yuan, up 17.04%. Core segments: power batteries (74.7%), energy storage (14.74%), materials and recycling (5.16%), mineral resources (1.41%). Market share of power batteries at 39.2%, first for 9 consecutive years.

2. Business Model and Competitive Barriers
Centered on “technology licensing + manufacturing services + battery swapping ecosystem,” forming a full industry chain. Barriers: ① Leading global market share, rapid tech iteration; ② “Zero-carbon” strategy achieving core operational carbon neutrality, ESG rating upgraded to BBB; ③ Battery swapping first profitable in Chongqing, business model proven; ④ R&D investment of 2.68B yuan, with 54,538 patents.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Up 17.45%, turnover rate 17.58%. Recommended by 4 brokerages, 1 more than last month. Logic: ① Explosive growth in global energy storage demand, with 2026 storage demand at 1024 GWh, +60%; ② Continuous increase in battery share, with European share over 45%; ③ Battery swapping profitable, with over 1,000 stations; ④ Battery production expected to grow over 40% to 1.1 TWh in 2026.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 100k yuan, P/E ratio of 20.09x, PEG of 0.76. Operating cash flow of 133.22 billion yuan, up 37.35%, indicating high-quality earnings. Risks include lithium carbonate price fluctuations and industry competition.

8. Satellite Chemical: Light hydrocarbon integrated leader, high-end new materials open space

1. Main Business and Key Products
A leading domestic light hydrocarbon integrated producer, with 2025 revenue of 16.63B yuan, up 0.92%. Core segments: functional chemicals (423.7B, 56.16%), polymer new materials (22.15B, 19.02%), new energy materials (690 million, 1.5%). Overseas revenue of 91.24B, up 39.96%.

2. Business Model and Competitive Barriers
Centered on “light hydrocarbon integration + global supply chain,” with C2 and C3 industry chains. Barriers: ① Self-controlled global light hydrocarbon supply chain, securing US ethane resources and VLEC fleet; ② Green processes reducing costs, lower energy consumption per unit improves manufacturing costs; ③ High-end new materials (POE, SAP) expanding growth space.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Up 18.14%, turnover rate 61.34%, active trading. Recommended by 4 brokerages, 3 more than last month. Logic: ① Geopolitical conflicts push oil prices higher, making ethylene routes more cost-effective; ② Functional chemicals revenue up 19.19%, gross margin up 4.45 percentage points; ③ Lianyungang Phase III project expected to start production in 2026, high-end polyolefins projects open long-term growth; ④ Non-recurring net profit of 46.07B yuan, +4.02%.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 25.87B yuan, P/E ratio of 12.35x, PEG of 0.29. Strong cash flow of 8.76B yuan supports ongoing projects. Risks include ethane price volatility and downstream demand recovery.

9. BYD: New energy vehicle leader, fast-charging tech initiates new cycle

1. Main Business and Key Products
A global new energy vehicle pioneer, with 2025 revenue of 7.77B yuan, up 3.46%. Core segments: automobiles and related products (80.68%), mobile components and assembly (19.31%). Export share of NEVs has reached 42%, becoming a major growth driver.

2. Business Model and Competitive Barriers
Centered on “vertical integration + technological leadership,” covering vehicles, batteries, and electronics. Barriers: ① Second-generation blade batteries and fast-charging tech (5 min charge, full in 9 min) set global records; ② “Light, storage, charging” integrated energy ecosystem; ③ Global operation system with sustained expansion in Southeast Asia, Latin America, UK.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Up 17.83%, turnover rate 50.08%. Recommended by 3 brokerages. Logic: ① Fast-charging tech rollout triggers new product cycle, boosting domestic sales; ② Benefiting from rising oil prices, export growth expected to remain strong; ③ Increasing EV penetration, market share stable; ④ Accelerated global expansion, overseas markets key growth.

4. Margin of Safety and Performance Outlook
2025 net profit of 6.29B yuan, P/E ratio of 23.23x. Strong cash flow, continuous R&D investment. Risks include intensified industry competition and raw material price fluctuations.

10. CNOOC: Oil and gas resource leader, directly benefiting from oil price rises

1. Main Business and Key Products
China’s largest offshore oil and natural gas producer, with 2025 revenue of 7.54B yuan. Core segments: oil and gas sales (84.29%), trading (13.48%), others (2.23%). 2025 net oil equivalent production of 9.61B barrels, up 7%.

2. Business Model and Competitive Barriers
Centered on “reserves growth + cost control,” with global resource deployment. Barriers: ① Leading domestic resource position, extensive global reserves; ② Cost per barrel at 27.9 USD, down 2.17 USD; ③ 16 new projects smoothly commissioned.

3. Recent 1-Month Performance and April “Gold Stock” Logic
Up 11.51%, turnover rate 92.24%, active trading. Recommended by 4 brokerages, 3 more than last month. Logic: ① Geopolitical conflicts push oil prices from 70 to 110 USD/barrel, directly benefiting; ② Reserves growth strategy effective, 2026 target 780–803.97B barrels; ③ Cost advantage significant, barrel costs well below peers; ④ High dividend payout, focus on shareholder returns.

4. Margin of Safety and Performance Outlook
Forecasted 2026 net profit of 33.76B yuan, P/E ratio of 12.56x, PEG of 0.52. 2025 oil price averaged 66.47 USD/barrel, down 13.4%, but less than Brent’s 14.6% decline, showing resilience. Risks include sharp oil price drops and geopolitical risks.

Important reminder: The above analysis is based on publicly available market information and does not constitute investment advice. Industry cycles, policy changes, and other factors may impact the performance of these targets. Investors should make decisions prudently.

Author’s statement: Personal opinions are for reference only.