Delong Composite Energy Hits Day High with 7.44% Surge in Stock Price

Delong Composite Energy Group Co., Ltd. has experienced a significant uptick in its stock performance, gaining 7.44% on June 30, 2026. The stock reached an intraday high of CNY 21.85, showcasing its notable activity in the market. This performance stands in contrast to the China Shanghai Composite, which only saw a 0.5% increase on the same day. Over the past year, Delong Composite has demonstrated impressive growth, with a remarkable 255.15% increase in stock value, significantly outperforming the broader market index. The company has also shown strong quarterly results, with pre-tax profit growing by 250.46% and net profit soaring by 338.1%. Despite these positive indicators, the company has faced challenges in long-term growth, with net sales increasing at a modest annual rate of 0.55% over the last five years. Delong Composite operates within the gas industry and holds a market capitalization of CNY 5,593 million. The company remains net-debt free, which positions it favorably in terms of financial stability. However, its return on equity stands at 3.60%, indicating room for improvement in profitability.