Hangzhou First Applied Material Hits Day High with 9.98% Surge

Hangzhou First Applied Material Co., Ltd. has experienced significant activity today, with the stock rising by 9.98% as of May 22, 2026. The stock reached an intraday high of CNY 17.52, reflecting a strong performance compared to the China Shanghai Composite, which only increased by 0.87% on the same day. In terms of performance metrics, Hangzhou First Applied Material has shown a year-to-date gain of 25.5%, significantly outperforming the broader market index, which has risen by just 3.63%. Over the past year, the stock has delivered a return of 39.94%, while the China Shanghai Composite has seen a gain of 21.68%. However, the company has faced challenges in the longer term, with a notable decline in net sales and operating profit over the past five years. Despite these hurdles, the stock's current valuation reflects a high price-to-earnings ratio of 65.00 and a price-to-book value of 2.75. The company maintains a dividend yield of 1.52%, which may appeal to certain investors. Overall, Hangzhou First Applied Material's recent performance highlights its volatility within the electronics and appliances sector.