Red Avenue Stock Soars 6.7%, Hits Intraday High of CNY 62.37

Red Avenue New Materials Group Co., Ltd., a prominent player in the specialty chemicals sector, has experienced a significant uptick in its stock performance today, gaining 6.7% as of February 24, 2026. The stock reached an intraday high of CNY 62.37, showcasing its strong market activity. Over the past week, Red Avenue has outperformed the China Shanghai Composite, with a notable increase of 10.87%, compared to the index's modest gain of 0.41%. The company's one-month performance also stands out, with a rise of 14.48%, while the Shanghai Composite has seen a decline of 1.37%. In terms of annual performance, Red Avenue has delivered an impressive 71.37% increase, significantly surpassing the Shanghai Composite's 22.49%. Year-to-date, the stock has risen by 39.53%, further highlighting its robust performance relative to the broader market. Despite these positive short-term trends, the company faces challenges, including a high debt-to-equity ratio and modest long-term growth in net sales and operating profit. Nonetheless, its current market position reflects a strong performance in the specialty chemicals industry.