Great Microwave Technology Hits Day High with 4.6% Surge in Stock Price

Great Microwave Technology Co., Ltd. has experienced a notable surge today, gaining 4.6% and reaching an intraday high of CNY 69.40. This performance stands out against the backdrop of the China Shanghai Composite, which increased by 1.36% on the same day. Over the past week, Great Microwave Technology has shown a robust increase of 4.86%, further highlighting its strong market position. In terms of annual performance, the company has delivered an impressive return of 94.36%, significantly outperforming the China Shanghai Composite's 19.83% over the same period. Year-to-date, the stock has achieved a remarkable 94.91% return, reinforcing its status as a reliable performer in the electrical equipment sector. Financial metrics indicate a solid operational foundation, with a net profit growth of 252.46% reported in June. The company also recorded a pre-tax profit of CNY 41.87 million, reflecting a growth of 161.13%. Additionally, the decline in raw material costs by 4.09% year-over-year contributes positively to its financial health. With a market capitalization of CNY 9,173 million, Great Microwave Technology continues to demonstrate strong performance indicators within its industry.