Ningbo Fubang Jingye Hits Day High with 7.95% Surge in Stock Price

Ningbo Fubang Jingye Group Co., a small-cap player in the non-ferrous metals industry, has shown remarkable performance today, gaining 7.95% and reaching an intraday high of CNY 19.58. This surge comes amid a broader market decline, as the China Shanghai Composite index fell by 1.26%. Over the past month, Ningbo Fubang Jingye has demonstrated impressive growth, with a 25.79% increase, significantly outperforming the Shanghai Composite, which has seen a decline of 1.37%. The company has also reported a substantial year-on-year performance increase of 101.61%, compared to the Shanghai Composite's 22.49%. Key financial metrics highlight the company's robust growth trajectory, with net sales for the latest quarter reaching CNY 297.27 million, reflecting a remarkable 177.21% increase. Additionally, net profit surged by 286.67% to CNY 6.33 million, while pre-tax profit hit a record CNY 15.24 million. With a market capitalization of CNY 2,381 million, Ningbo Fubang Jingye continues to establish itself as a strong performer in its sector.