Allied Machinery Co., Ltd. Hits Day High with 6.91% Surge

Allied Machinery Co., Ltd. has experienced a significant uptick in its stock performance, gaining 6.91% on February 26, 2026. The stock reached an intraday high of CNY 74.00, showcasing its strong market activity. This performance stands in stark contrast to the China Shanghai Composite, which declined by 1.26% on the same day. Over the past week, Allied Machinery has surged by 23.35%, and its one-month performance reflects an impressive increase of 77.75%. Year-to-date, the stock has risen by 97.51%, and over the last year, it has generated a remarkable return of 224.44%, significantly outperforming the broader market index. Despite these positive short-term trends, the company has faced challenges in its long-term growth metrics, with net sales growing at an annual rate of 13.20% and operating profit at 6.62% over the last five years. Additionally, the company has reported negative results for the last four consecutive quarters. Nevertheless, its market capitalization stands at CNY 14,203 million, indicating a solid position within the industrial manufacturing sector.