Shengda Resources Hits Day High with 6.24% Surge Amid Market Decline

Shengda Resources Co., a prominent player in the Minerals & Mining sector, has experienced a significant uptick in its stock performance today, gaining 6.24%. The stock reached an intraday high of CNY 49.72, showcasing its strong market position. Over the past month, Shengda has demonstrated impressive growth, with a 29.08% increase, significantly outperforming the China Shanghai Composite, which declined by 1.37% during the same period. The company's robust financial metrics further highlight its performance. Shengda reported a remarkable net profit growth of 252.33% in the last quarter, alongside an operating cash flow of CNY 749.24 million, marking its highest level. With a return on equity (ROE) of 16.51% and a return on capital employed (ROCE) of 13.29%, the company is positioned favorably within its industry. Over the past year, Shengda Resources has delivered a staggering 257.18% return, reinforcing its status as a reliable performer in the market. The stock's performance over various time frames, including a 265.59% increase over three years, underscores its consistent growth trajectory.