Beijing New Space Technology Hits Day High with 11.46% Surge

Beijing New Space Technology Co., Ltd. has experienced a significant surge in its stock price, gaining 11.46% on February 24, 2026. The stock reached an intraday high of CNY 67.98, marking a notable performance against the backdrop of the China Shanghai Composite, which declined by 1.26% on the same day. Over the past month, Beijing New Space Technology has shown a robust increase of 11.99%, while its year-to-date performance stands at 31.26%. Impressively, the stock has soared by 295.69% over the past year, significantly outperforming the China Shanghai Composite's 22.49% gain. Despite these positive short-term trends, the company faces challenges in terms of management efficiency and profitability. The Return on Capital Employed (ROCE) is low at 1.17%, indicating limited profitability relative to total capital. Additionally, the company has a high Debt to Equity ratio, which raises concerns about its long-term growth prospects. As a mid-cap player in the construction industry, Beijing New Space Technology's recent stock performance highlights its volatility and the complexities of its financial health.