Lubricant additives manufacturer Xinxiang Richful Lube Additive Co., Ltd., listed on the Shenzhen Stock Exchange (SZSE) under the ticker 300910 and known by its brand name Richful, reported a 28.22% year-on-year drop in first-quarter 2026 net profit attributable to shareholders, even as revenue inched higher. Separately, the company disclosed that its second-largest shareholder, Sinopec Group Capital Co., Ltd., plans to trim its position again — the third such reduction announced in roughly 12 months. According to the company’s first-quarter report dated April 23, 2026, net profit attributable to shareholders fell to CNY 139.92 million (USD 20.51 million) for the three months ended March 31, 2026, down from CNY 194.93 million (USD 28.58 million) a year earlier. Net profit…

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