Inner Mongolia First Machinery Hits Day High with 3.99% Surge

Inner Mongolia First Machinery Group Co., Ltd. has shown significant activity today, with the stock rising by 3.99% as of February 24, 2026. The stock reached an intraday high of CNY 17.67, reflecting a strong performance compared to the broader market, as the China Shanghai Composite index declined by 1.26% on the same day. Over the past week, Inner Mongolia First Machinery Group has outperformed the market with a gain of 4.74%, while the composite index saw a modest increase of 0.41%. The company's one-year performance is particularly noteworthy, boasting an impressive return of 80.1%, significantly higher than the 22.49% return of the China Shanghai Composite. Despite some challenges in long-term growth metrics, such as a decline in net sales and operating profit over the past five years, the stock's recent performance highlights its resilience in the aerospace and defense sector. The company maintains a market capitalization of CNY 28,437 million and a price-to-earnings ratio of 60.00, indicating a robust market position.