Shengda Resources Hits Day High with 7.81% Surge in Stock Price

Shengda Resources Co., Ltd., a prominent player in the Minerals & Mining sector, has experienced a significant uptick in its stock performance, gaining 7.81% on August 10, 2026. The stock reached an intraday high of CNY 37.78, reflecting strong market activity. Over the past week, Shengda has surged by 44.32%, and its impressive one-month performance stands at 64.25%. In the past year, the stock has delivered a remarkable return of 131.57%, significantly outperforming the China Shanghai Composite, which recorded a gain of only 9.12%. The company's financial health is underscored by a robust return on equity of 20.13% and a price-to-book ratio of 4.54. Notably, Shengda has reported positive results for six consecutive quarters, with a pre-tax profit growth of 4,695.14% and a net profit increase of 801.4% in the latest quarter. With a market capitalization of CNY 21,857 million, Shengda Resources continues to demonstrate resilience and consistent returns, solidifying its position in the market.