Fangda Special Steel Hits Day High with Strong 3.73% Intraday Surge

Fangda Special Steel Technology Co. has experienced a notable increase of 3.73% on February 27, 2026, reaching an intraday high of CNY 7.39. This performance stands in contrast to the broader market, as the China Shanghai Composite index declined by 1.26% on the same day. Over the past week, Fangda has shown impressive momentum, with a 15.87% gain, significantly outperforming the Shanghai Composite's modest increase of 0.41%. The company's one-month performance also reflects strength, with a rise of 16.43%, while the index faced a decline of 1.37%. Year-to-date, Fangda has delivered a robust return of 22.75%, compared to the Shanghai Composite's 2.85%. Despite these positive short-term trends, Fangda's long-term growth metrics indicate challenges, including a decline in net sales and operating profit over the past five years. The company has reported negative results for the last three consecutive quarters, with a notable drop in net sales. Nevertheless, its recent performance highlights a significant return of 68.53% over the past year, outpacing the market's 22.49% return.