5 May 2026 | 6:12PM HKT Equity Research CHINA INDUSTRIAL TECH 1Q26 results wrap; now prefer FA with strong pricing power, top pick Inovance 1Q26 sector results were overall in-line with 4/21/8 companies delivering an earnings beat/inline/miss. Notable results beats include Han's Laser (solid PCB/electronics demand), Hongfa (strong pricing power) and Centre Testing (mild operation turnaround) while results misses worth highlighting were Sungrow (ESS competition/margins risk), Envicool (slow domestic data cen ...