Tong Oil Tools Hits Day High with 17.51% Surge Amid Market Decline

Tong Oil Tools Co., Ltd. has experienced a significant surge in its stock performance, gaining 17.51% on February 24, 2026. The stock reached an intraday high of CNY 12.82, marking a notable achievement in its trading activity. This performance stands in contrast to the China Shanghai Composite, which saw a decline of 1.26% on the same day. Over the past month, Tong Oil Tools has demonstrated impressive growth, with a remarkable increase of 78.55%. The company's year-to-date performance also reflects strong momentum, boasting a gain of 132.25%. In the longer term, the stock has shown substantial appreciation, with a 199.53% increase over the past year and an impressive 300.62% rise over the last five years. Despite these positive trends, the company faces challenges in management efficiency, as indicated by a low Return on Capital Employed (ROCE) of 2.25%. Additionally, the company has reported flat results in its recent financials, including a significant decline in pre-tax profit. As a mid-cap player in the oil industry, Tong Oil Tools continues to navigate a complex market landscape while achieving notable stock performance.