Zhejiang Fenglong Electric Hits Day Low Amid Price Pressure at CNY 83.24

Zhejiang Fenglong Electric Co., Ltd. experienced a notable decline today, with the stock dropping by 4.08% on February 26, 2026. The stock reached an intraday low of CNY 83.24, reflecting a challenging trading session. Over the past week, the stock has seen a decrease of 6.58%, contrasting with the China Shanghai Composite, which gained 0.41% during the same period. In terms of longer-term performance, Zhejiang Fenglong Electric has shown significant growth over the past year, with a remarkable return of 379.66%, far surpassing the China Shanghai Composite's 22.49%. However, the company has faced challenges in net sales growth, which has only increased at an annual rate of 1.17% over the last five years, alongside a decline in operating profit. Despite these hurdles, the company reported a strong performance in its most recent half-year results, with net sales growing by 19.1%. The stock's current valuation reflects a price-to-book ratio of 16.89, indicating a premium valuation in the market. As a large-cap player in the auto components and equipment industry, Zhejiang Fenglong Electric continues to navigate a complex financial landscape.