Zhejiang Meili High Technology Hits Day High with 14.16% Surge

Zhejiang Meili High Technology Co., Ltd. has experienced significant activity today, with the stock surging by 14.16% on October 15, 2025. The stock reached an intraday high of CNY 34.02, showcasing its strong performance in the industrial manufacturing sector. Over the past year, Zhejiang Meili has demonstrated remarkable growth, achieving a staggering 236.83% increase, significantly outperforming the China Shanghai Composite, which recorded a 17.69% gain during the same period. The company's year-to-date performance stands at 221.85%, further highlighting its robust market position. Key financial metrics indicate a solid foundation for the company. The return on capital employed (ROCE) is at its highest level of 11.66%, while raw material costs have decreased by 46.54% year-over-year. Additionally, cash and equivalents have reached CNY 497.56 million, reflecting strong liquidity. With a price-to-book ratio of 3.83 and a return on equity of 11.84%, Zhejiang Meili continues to exhibit attractive valuation metrics. The stock's impressive performance underscores its competitive edge in the industrial manufacturing landscape.