Zhejiang Jiemei Stock Soars 10% to Day High of CNY 114.15

Zhejiang Jiemei Electronic & Technology Co., Ltd. has experienced a significant surge in its stock price, gaining 10.0% on June 29, 2026. The stock reached an intraday high of CNY 114.15, marking a notable performance compared to the broader market. Over the past week, the company's stock has risen by 11.37%, while the China Shanghai Composite index has declined by 2.14%. In the past month, Zhejiang Jiemei's stock has soared by 64.96%, significantly outpacing the Shanghai Composite's modest gain of 0.13%. The company's impressive one-year performance stands at 468.76%, compared to the index's 18.97%. Year-to-date, the stock has increased by 313.59%, while the Shanghai Composite has only managed a 2.65% rise. Despite these strong short-term gains, the company faces challenges in long-term growth, with net sales increasing at an annual rate of 6.74% and operating profit declining by 6.02% over the last five years. The current market capitalization stands at CNY 37,327 million, with a P/E ratio of 172.00 and a dividend yield of 0.26%.