Jiangsu Fasten Soars 20.99% to Hit Intraday High of CNY 6.63

Jiangsu Fasten Co., Ltd., a small-cap player in the industrial manufacturing sector, has experienced significant activity today, with the stock surging by 20.99% on February 24, 2026. The stock reached an intraday high of CNY 6.63, marking a notable performance against the backdrop of the China Shanghai Composite, which declined by 1.26% on the same day. Over the past week, Jiangsu Fasten has shown a robust performance, climbing 23.46%, while its one-month performance stands at 18.39%. Impressively, the stock has delivered a remarkable 91.07% return over the past year, significantly outpacing the China Shanghai Composite's 22.49% gain. Despite these gains, the company faces challenges, including a high debt-to-equity ratio and a history of operating losses. The stock's performance metrics reveal a complex picture, with a return on equity of 2,383.80% and a concerning inventory turnover ratio of 2.97%. Investors may want to consider these factors as they assess Jiangsu Fasten's current market position.