Tanac Automation Soars 7.1%, Hits Intraday High of CNY 59.00

Tanac Automation Co., a mid-cap player in the industrial manufacturing sector, has experienced a significant uptick in its stock performance today, rising by 7.1% as of February 24, 2026. The stock reached an intraday high of CNY 59.00, marking a notable achievement amid a broader market decline, as the China Shanghai Composite index fell by 1.26% on the same day. Over the past week, Tanac Automation has shown a robust performance, with a gain of 11.61%. This positive trend is further highlighted by its impressive one-month performance, which stands at 185.48%, significantly outpacing the China Shanghai Composite's decline of 1.37%. Year-to-date, the stock has surged by 195.81%, showcasing its resilience in a challenging market environment. Despite these short-term gains, the company faces long-term challenges, including a decline in net sales and operating profit over the past five years. The stock's performance metrics indicate a complex financial landscape, with a market capitalization of CNY 5,088 million and a return on equity of -22.08%. As Tanac Automation Co. continues to navigate these dynamics, its recent stock activity reflects a moment of notable achievement in an otherwise turbulent market.