Luoyang Xinqianglian Stock Hits Day High with 8.02% Surge

Luoyang Xinqianglian Slewing Bearing Co., Ltd. has experienced a significant surge in its stock performance, gaining 8.02% on September 30, 2025. The stock reached an intraday high of CNY 44.46, reflecting strong market activity. Over the past month, the company has demonstrated impressive growth, with a 20.51% increase, significantly outperforming the China Shanghai Composite, which only rose by 0.12% during the same period.
In the last year, Luoyang Xinqianglian has achieved a remarkable 181.42% return, far exceeding the 25.1% gain of the broader market index. This performance is bolstered by a notable 68.01% increase in net profit reported in March 2025, alongside a substantial reduction in raw material costs, which fell by 59.82% year-over-year. The company has also shown strong operational efficiency, with an inventory turnover ratio of 2.67 and a debtors turnover ratio of 1.65, both at their highest levels.

With a market capitalization of CNY 8,921 million, Luoyang Xinqianglian continues to solidify its position in the industrial manufacturing sector, showcasing robust financial metrics and a strong performance trajectory.