Jiangsu Longda Stock Soars 11% to Hit Intraday High of CNY 38.00

Jiangsu Longda Superalloy Co., Ltd. has experienced a significant surge in its stock performance today, gaining 11.02% and reaching an intraday high of CNY 38.00. This notable increase stands in stark contrast to the China Shanghai Composite, which has declined by 1.26% on the same day. Over the past week, Jiangsu Longda has shown a robust performance with a 15.86% increase, and its one-month performance reflects a substantial 21.58% rise. Impressively, the stock has delivered a remarkable 145.26% return over the past year, significantly outperforming the broader market's 22.49% gain. Despite the positive short-term trends, the company faces challenges in long-term growth, with net sales increasing at an annual rate of 20.86% and operating profit declining by 55.29% over the last five years. The company's return on equity stands at 2.51%, with a price-to-book ratio of 1.71, indicating an attractive valuation. Jiangsu Longda's market capitalization is CNY 3,916 million, positioning it within the small-cap segment of the ferrous metals industry.