Ningbo Orient Wires Hits Day High with 4.82% Surge in Stock Price

Ningbo Orient Wires & Cable Co., a prominent player in the Electronics & Appliances sector, has experienced a notable surge in its stock price, gaining 4.82% on October 22, 2025. The stock reached an intraday high of CNY 67.20, reflecting a strong performance relative to the broader market, as the China Shanghai Composite index rose by only 1.36% on the same day.
Despite this positive movement, the company's performance over the past week shows a decline of 3.08%, contrasting with a 1.32% increase in the Shanghai Composite. However, on a longer-term basis, Ningbo Orient has demonstrated resilience, with a 31.12% increase over the past year, significantly outperforming the index's 19.83% gain.

The company's market capitalization stands at CNY 39,142 million, and it maintains a price-to-earnings ratio of 48.00. While the stock has generated a return of 36.28% over the past year, it has faced challenges, including a decline in net profit and rising raw material costs. The current dividend yield is 0.79%, indicating a commitment to returning value to shareholders amidst fluctuating financial metrics.